shares

RHB keeps 'trading buy', TP 30 cents for Golden Agri after weaker-than-expected 1Q results - THE EDGE SINGAPORE

Broker's Calls

RHB keeps 'trading buy', TP 30 cents for Golden Agri after weaker-than-expected 1Q results

Despite Golden Agri-Resources’ weaker-than-expected results for 1QFY2021 ended March 31, RHB Securities has kept its “trading buy” rating and target price of 30 cents for the palm oil company.

ESR-REIT issues 269 mil new units under private placement, raising $100 mil - THE EDGE SINGAPORE

Equity raising

ESR-REIT issues 269 mil new units under private placement, raising $100 mil

The manager of ESR-REIT has announced that 268.8 million new units in the REIT will be issued and listed as of 9am on May 18 under a private placement at an issue price of 37.2 cents per

OKP subsidiary fined $1 mil for 2017 PIE worksite accident, jail for two employees - THE EDGE SINGAPORE

Company in the news

OKP subsidiary fined $1 mil for 2017 PIE worksite accident, jail for two employees

A subsidiary of OKP Holdings has been fined $1 million for its role in a construction accident back in July 2017.

Mandarin Oriental reports underlying losses of US$41 mil in 1Q and expects 'further loss' in 2Q - THE EDGE SINGAPORE

Results

Mandarin Oriental reports underlying losses of US$41 mil in 1Q and expects 'further loss' in 2Q

In its interim management statement for the 1QFY2021, Mandarin Oriental International has reported unaudited underlying losses of US$41 million ($54.7 million).

CapitaLand Limited appoints Standard Chartered CEO for consumer, private and business banking as director - THE EDGE SINGAPORE

New appointments

CapitaLand Limited appoints Standard Chartered CEO for consumer, private and business banking as director

CapitaLand Limited has appointed Judy Hsu as non-executive and independent director to its board on May 3.

No Signboard prompts SGX query on 90.3% surge in share price - THE EDGE SINGAPORE

SGX query

No Signboard prompts SGX query on 90.3% surge in share price

The Singapore Exchange Regulation (SGX RegCo) has issued a query to No Signboard at 3.18pm on May 3 as its shares surged some 80.6% to 5.6 cents around 3.14pm from its last close price of 3.1 cents

World Precision Machinery reverses losses, reports earnings of RMB53.9 mil in 1Q update - THE EDGE SINGAPORE

Results

World Precision Machinery reverses losses, reports earnings of RMB53.9 mil in 1Q update

World Precision Machinery has reported earnings of RMB53.9 million ($11.0 million) for the 1QFY2021 ended March, reversing from its losses of RMB5.1 million the year before.

GKE Corporation acquires balance 30% of Marquis Services for $2.7 mil - THE EDGE SINGAPORE

M&A

GKE Corporation acquires balance 30% of Marquis Services for $2.7 mil

GKE Corporation has entered into a sale and purchase agreement (SPA) on April 30 to acquire the remaining 30% stake it does not known in Marquis Services for a consideration of $2.7 million, which

Raffles Education share price surge prompts SGX query - THE EDGE SINGAPORE

SGX query

Raffles Education share price surge prompts SGX query

An 18.3% surge in share price to 19.4 cents from its last close price of 16.4 cents as at 3.17pm on April 30 has prompted a query from the Singapore Exchange Regulation (SGX RegCo) to Raffles Educa

Memiontec secures $21.7 mil contract for PUB's Deep Tunnel Sewerage System Phase 2 Project - THE EDGE SINGAPORE

Contracts

Memiontec secures $21.7 mil contract for PUB's Deep Tunnel Sewerage System Phase 2 Project

Memiontec Pte Ltd, the subsidiary of Memiontec Holdings, has won a tender for a $21.7 million contract by the Public Utilities Board (PUB).

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