Ascendas India Trust, Fragrance, Cordlife, Jumbo, Trendlines

Ascendas India Trust, Fragrance, Cordlife, Jumbo, Trendlines

PC Lee
01/02/17, 08:55 am

SINGAPORE (Feb 1): Here are some stocks that could move the market this Wednesday morning.

Ascendas India Trust reported a DPU of 1.42 cents for 3Q17, a 5% increase from 3Q16. Total property income rose 7% to IDR 1.9 billion ($201,000) in the quarter, thanks to additional income from recently acquired CyberVale 3. Shares in Ascendas India Trust closed at $1.05.

See: Ascendas India Trust posts 1.42 cents DPU for 3Q

Fragrance Group’s newly established wholly owned subsidiary, Fragrance UK-Liverpool, has emerged as the top bidder for a property located on Dale Street, Liverpool, in the United Kingdom. Shares in Fragrance closed at 17.5 cents on Tuesday.

See: Fragrance unit enters top bid for UK property

Cordlife Group has acquired 98.71% of Stemlife at the close of its voluntary general offer on Tuesday. The group had made a voluntary general offer for all of the shares in Stemlife that it did not own in November 2016. Shares in Cordlife closed at 97 cents.

See: Cordlife secures 98.71% of Stemlife at close of offer

Ang Kiam Meng, executive chairman and CEO of the Jumbo group of seafood restaurants, is relinquishing his role as chairman of the board to focus on the restaurant chain's next stage of growth. Lead independent director Tan Cher Liang will take over as the new independent chairman. Shares of Jumbo closed at 78 cents.

See: Jumbo CEO Ang gives up chairmanship to focus on next stage of growth

Trendlines Medical Singapore, the medical incubator subsidiary of Israeli firm Trendlines Group, will hold its official opening ceremony on Feb 22 at its office located at Launchpad @One North. Shares of Trendlines closed 1.16% lower at 17 cents on Tuesday.

See: Trendlines Medical Singapore to hold opening ceremony on Feb 22

The S&P 500 fell on Tuesday for a fourth consecutive session, weighed by sectors sensitive to economic growth amid disappointing earnings and lingering concern over the priorities of the Trump administration. The Dow Jones Industrial Average fell 107.04 points, or 0.54%, to 19,864.09, the S&P 500 lost 2.03 points, or 0.09%, to 2,278.87 and the Nasdaq Composite added 1.07 points, or 0.02%, to 5,614.79.

The Straits Times Index closed 18.05 points or 0.59% lower at 3,046.80. Turnover came in at 1.3 billion units worth $1.07 billion. Losers outnumbered gainers 215 to 192.

Stamford Land's 4Q earnings fall 80% to $5 mil on lower revenue

SINGAPORE (May 22): Stamford Land Corporation reported an 80.4% y-o-y decline in 4Q19 earnings to $5 million compared to $25.6 million previously due to lower revenue. The latest quarterly result brings Stamford’s FY19 earnings to $47.8 million, down 15.4% from $56.4 million a year ago. Revenue for the latest quarter fell 74.8% to $47.9 million from $189.7 million 4Q18 on the back of lower contributions across all segments. The overall decline in 4Q topline was mainly due to a steep drop in revenue and operating profit for the Property Development segment in the absence of settled u....

Neo Group FY19 earnings nearly double to $5.4 mil after strong 4Q

SINGAPORE (May 22): Neo Group Limited has announced earnings of $3.9 million for the 4Q ended March, rising 42.8% from $2.7 million a year ago mainly due to higher revenue.    This brings the group’s FY19 earnings to $5.4 million, up 48.7% y-o-y from $3.6 million previously on higher revenue and lower full-year purchases and consumables used. Revenue for 4Q rose 7% to $50.9 million from $47.6 million previously, driven mainly by higher contributions from the group’s flagship Food Catering business due to stronger recurring income from the childcare and elderly market segmen....

$1,379 – that's how much an elderly person needs to survive in the world's most expensive city

SINGAPORE (May 22): Just how much does a single, elderly person aged over 65 years who lives alone in Singapore need to cover his basic needs? Some $1,379 a month, according to a team of researchers led by assistant professor Ng Kok Hoe of the Lee Kuan Yew School of Public Policy (LKYSPP) at the National University of Singapore (NUS). If the name sounds familiar, it is because Dr Ng had in 2017 conducted the first count of Singapore’s homeless people. Singapore has shied away from defining a poverty line, or setting a minimum wage. But, for the first time, a group of researchers has....