ShopBack to officially launch in Vietnam on Aug 8
CASHBACK startup ShopBack will officially launch its website and mobile app in Vietnam on Aug 8, after going through a beta phase that began last year.
Stocks to watch: OCBC, DBS, UOB, CapitaLand, Genting, Wilmar
THE following companies saw new developments that may affect trading of their shares on Friday:
Chasen posts Q1 net profit of S$257,000, sees recovery across business segments
MAINBOARD-LISTED logistics firm Chasen Holdings saw profit after tax slip 9 per cent to S$257,000 for the first quarter ended June 30, down from S$282,000 in the year-ago period, it announced on Thursday.
Broker's take: DBS raises Riverstone's target price, citing 'strong surge in margins'
DBS Group Research has raised its target price on Malaysian glove maker Riverstone Holdings to S$5.51, up from S$3.90 previously.
Stocks to watch: DBS, UOB, Wilmar, Sembcorp, Sembmarine, Singtel
THE following companies saw new developments that may affect trading of their securities on Thursday:
Competition panel concludes probe after GrabFood, Deliveroo act on complaint
THE Competition and Consumer Commission of Singapore (CCCS) on Wednesday said it has concluded an investigation into the online food delivery and virtual kitchen sectors - one that began after a cloud kitchen operator had complained that its merchants were being shut out by GrabFood and...
CCCS says competition in virtual kitchen sector remains 'dynamic'
SINGAPORE'S competition watchdog on Wednesday said it has concluded an investigation into the online food delivery and virtual kitchen sectors, noting that the competition in the latter remains "dynamic", with players entering and competing for market share.
Singapore shares open higher on Wednesday; STI up 0.6%
SINGAPORE stocks began trading in positive territory on Wednesday, extending a rally overnight that ended a three-day losing streak.
ARA H-Trust posts US$2m H1 net property loss amid Covid-19 pandemic
ARA US Hospitality Trust (ARA H-Trust) on Wednesday posted a net property loss of US$2 million and no distributable income for the half year ended June 30, 2020 as earnings took a hit due to the impact of the Covid-19 pandemic.
AEM shares hit record after stellar H1 results
SHARES in AEM Holdings hit a record high on Tuesday, after the semiconductor play on Monday reported a 147.9 per cent increase in its first-half net profit to S$55.3 million.
Hot stock: AEM Holdings surges 10% after H1 profit more than doubles
SHARES in AEM Holdings climbed over 10 per cent on Tuesday morning, after the semiconductor play on Monday reported a more than doubling in its first-half net profit...
Stocks to watch: CapitaLand, Keppel, SGX, Frasers Logistics & Commercial Trust
THE following companies saw new developments that may affect trading of their securities on Tuesday:
ISEC Healthcare expects Q2 loss; 'significantly lower profit' for H1
MEDICAL eye care services provider ISEC Healthcare on Monday night said the group is expected to report a net loss for the three months ended June 30, along with a "significantly lower profit" for the first half of fiscal 2020.
Temasek's offer for Keppel may stay but at a lower price: analysts
SOME analysts are keeping faith with Temasek Holdings going through with its partial offer for Keppel Corporation given the need for consolidation in the sector.
Hot stock: Keppel sheds over 4% in early trade on uncertainty over Temasek offer
SHARES of Keppel Corp tumbled in early trade on Monday, amid a broad market decline on the Singapore bourse.
Thakral to expand Australia retirement resort portfolio with site acquisition
MAINBOARD-LISTED Thakral Corporation has acquired 13.4 hectares of land in New South Wales, Australia, through its GemLife joint venture for an undisclosed sum.
China Aviation Oil H1 profit sinks 57% to US$23.6m
JET fuel trader China Aviation Oil (CAO) on Thursday posted a 57 per cent fall in net profit to US$23.6 million for the half year ended June 30, from US$54.8 million a year ago.
Ascott's co-living brand lyf adds 6 new properties in Australia, China, Philippines
CAPITALAND'S wholly-owned lodging business unit, The Ascott, is adding over 1,000 units across six new properties in Australia, China and the Philippines, under its co-living brand lyf.
IndoAgri sinks deeper into the red with H1 loss of 429.42b rupiah
INDOFOOD Agri Resources (IndoAgri) saw its net loss widen to 429.42 billion rupiah (S$41 million) for the half year ended June 30, from 274.33 billion rupiah a year ago.
CRCT evaluating tenant mix; posts H1 DPU of 3.02 Singapore cents
CAPITALAND Retail China Trust (CRCT) is assessing its tenant mix amid the Covid-19 pandemic and may "take the hard decision" to phase out tenants if their business formats are not viable, said Tan Tze Wooi, chief executive of the real estate investment trust (Reit)'s manager.
Stocks to watch: UOL, UOB, CapitaLand Retail China Trust, Ascendas India Trust, CDLHT
THE following companies saw new developments that may affect trading of their shares on Wednesday:
CRCT posts H1 DPU of 3.02 S cents on Covid-19 disruptions
CAPITALAND Retail China Trust (CRCT) on Wednesday posted a distribution per unit (DPU) of 3.02 Singapore cents for the half year ended June 30, down 41.4 per cent from the year-ago DPU of 5.13 cents, after capital distribution.
Grab plans S$0.30 platform fee but timing draws flak; CCCS seeks feedback
GRAB has applied to Singapore's competition watchdog to impose a platform fee - a move that will put it in line with other ride-hailing firms around the world, which are already charging fees of S$0.70 to over US$2 per ride. The proposal is undergoing public consultation, after having its hands...
Ascott Residence Trust looking at rental housing; DPS down 69% for H1
ASCOTT Residence Trust (ART) is considering an expansion of its portfolio in the rental housing market as a means of improving its resilience.
Competition watchdog seeks feedback on Grab's proposed S$0.30 platform fee
THE Competition and Consumer Commission of Singapore (CCCS) is inviting public feedback on Grab's request to impose a platform fee on riders for its ride-hailing services in Singapore.