2QFY2020 results


Lum Chang sees total outstanding construction works revenue lifted to $1.8 bil with Mandai Rejuvenation Project tender

This contract brings the total outstanding value of construction works yet to be reported as revenue for the group to some $1.8 billion.


SPH slashes dividends by 73% amid Covid-19 concerns even as 2Q earnings rise 5.5% to $31.3 mil

SPH CEO and board members have also taken a voluntary 10% reduction in directors’ fees in line with the company’s cost-saving measures. Other senior management staff will see a salary reduction of 5%.

Investing ideas

SPH REIT becomes latest casualty of analyst downgrades as Covid-19 risks persist

Although the REIT had an "operationally steady quarter", analysts are quick to caution that it remains susceptible to retail headwinds as the Covid-19 outbreak escalates.


SPH REIT's 2Q DPU plunges 79% to 0.3 cent as Covid-19 uncertainties loom

The steep cut in distribution comes as the REIT braces itself for challenging circumstances arising from the Covid-19 situation.

Company in the news

Micro-Mechanics ups dividend on higher earnings, bets on steady demand to ride through Covid-19

SINGAPORE (Feb 21): The semiconductor industry has enjoyed a rebound on the back of the easing of US-China trade tensions, but is yet again threatened with a potential disruption as the ongoing Covid-19 virus outbreak intensifies.