Despite record earnings, OCBC's Tsien sounds note of caution

SINGAPORE (July 27): Oversea-Chinese Banking Corp reported a sterling set of results, with net profit up 11% q-o-q and 22% y-o-y to a record $1.08 billion.

Yet, there was a note of caution from its top management during a results briefing on Thursday.

Keppel Land-Wing Tai Land JV enters top bid of $446 mil for Serangoon Garden development

SINGAPORE (July 27): A Keppel Land and Wing Tai Land JV has submitted the top bid of $446.3 million for a 99-year leasehold residential site in Serangoon North Ave 1.

The partners plan to develop over 600 homes on the 1.7ha site, which is situated within a mature residential estate.

HNA said to face lender questions on US$1 billion CWT takeover

(July 27): HNA Group Co., the acquisitive Chinese conglomerate, is facing additional questions from banks working on financing its proposed US$1 billion ($1.4 billion) takeover of Singapore logistics operator CWT, people with knowledge of the matter said.

Results

SGX reports FY17 earnings to $340 mil; expects Asian market activities to return to higher levels of past years

SINGAPORE (July 27): Singapore Exchange reported a 3% decline in its FY17 earnings ended June of $340 million, or earnings of 31.7 cents per share, compared to $349 million in FY16.

Results

SembMarine 2Q earnings halved to $5.6 mil

SINGAPORE (July 27): Sembcorp Marine's earnings for the second quarter ended June sunk 51.2% to $5.6 million from $11.5 million a year ago.

This bring earnings for the first half of 2017 to $45.1 million, down 31.9% from $66.3 million in 1H16.

Despite record earnings, OCBC's Tsien sounds note of caution

2 hours 22 min ago

SINGAPORE (July 27): Oversea-Chinese Banking Corp reported a sterling set of results, with net...

Japfa sinks into the red amid weak swine market in Vietnam

3 hours 46 min ago

SINGAPORE (July 27): Agri-food producer Japfa posts a loss of US$3.4 million ($4.6 million) for the...

Singhaiyi 1Q earnings surge to $16.4 mil on higher revenue

3 hours 56 min ago

SINGAPORE (July 27): Property group Singhaiyi reported 1Q18 earnings surged 7.5 times to $16.4...

Frasers Hospitality Trust 3Q DPS falls 18.2% to 1.2374 cent post-rights issue

4 hours 23 min ago

SINGAPORE (July 27): The managers of Frasers Hospitality Trust (FHT) have declared a distribution...

As stock prices continue to rally, value is becoming difficult to find

21 Jul 2017

SINGAPORE (July 24):The Straits Times Index has continued to rise and is up 14.8% for the year to July 18. The index now trades at 15 times earnings, above its long-term average of 13.2 times. The higher earnings multiples are making it more...

Adding Keong Hong to portfolio on improving market sentiment

15 Jul 2017

SINGAPORE (July 17): The property market continues to improve, with a consortium led by Chip Eng Seng Corp putting in a record bid of $1,110 psf per plot ratio at the new Bidadari Estate. A joint venture (JV) involving Keppel Land and Wing Tai had...

Adding DBS to the portfolio on optimism over improving economy

8 Jul 2017

SINGAPORE (July 8): One mistake we made with the Singapore Market Portfolio was not including a healthy exposure to the three local banks at the beginning of the year. While a surge in non-performing loans in the offshore and marine sector in 2016...

UOL’s share swap agreement could unlock further value

30 Jun 2017

(July 3): The two property developers in our Singapore Market Portfolio have performed well since they were added earlier this year. So far, our position in UOL Group has returned 10.2% while that in CapitaLand has returned 15%. As the property...

Despite record earnings, OCBC's Tsien sounds note of caution

SINGAPORE (July 27): Oversea-Chinese Banking Corp reported a sterling set of results, with net profit up 11% q-o-q and 22% y-o-y to a record $1.08 billion.

Yet, there was a note of caution from its top management during a results briefing on Thursday.
Keppel Land-Wing Tai Land JV enters top bid of $446 mil for Serangoon Garden development

SINGAPORE (July 27): A Keppel Land and Wing Tai Land JV has submitted the top bid of $446.3 million for a 99-year leasehold residential site in Serangoon North Ave 1.

The partners plan to develop over 600 homes on the 1.7ha site, which is situated within a mature residential estate.
HNA said to face lender questions on US$1 billion CWT takeover

(July 27): HNA Group Co., the acquisitive Chinese conglomerate, is facing additional questions from banks working on financing its proposed US$1 billion ($1.4 billion) takeover of Singapore logistics operator CWT, people with knowledge of the matter said.
Results

SGX reports FY17 earnings to $340 mil; expects Asian market activities to return to higher levels of past years

SINGAPORE (July 27): Singapore Exchange reported a 3% decline in its FY17 earnings ended June of $340 million, or earnings of 31.7 cents per share, compared to $349 million in FY16.
Results

SembMarine 2Q earnings halved to $5.6 mil

SINGAPORE (July 27): Sembcorp Marine's earnings for the second quarter ended June sunk 51.2% to $5.6 million from $11.5 million a year ago.

This bring earnings for the first half of 2017 to $45.1 million, down 31.9% from $66.3 million in 1H16.