The Straits Trading Company

Insider moves

Wing Tai in buybacks after Fidelity trims stake; Straits Trading director buys more shares

In line with the better earnings, Wing Tai has declared higher dividends.

Funds

Straits Trading Company prices $170 mil notes due 2026 with 4.10% p.a. coupon

The notes are expected to be issued on May 4 and listed on the Singapore Exchange (SGX) the day after.

Broker's Calls

The Straits Trading Company is 'scaling new heights', says RHB

A special dividend of 10 cents per share is likely in the FY2021 on the back of the ARA merger, says RHB's analyst Vijay Natarajan
Straits Trading to invest in Savills IM fund, will commit up to GBP60 mil - THE EDGE SINGAPORE

Straits Trading to invest in Savills IM fund, will commit up to GBP60 mil

The fund will focus on convenience-led discount retail park assets in the UK.
Shares in Straits Trading Company up by over 10% after DBS initiates 'buy' on the counter - THE EDGE SINGAPORE

Broker's Calls

Shares in Straits Trading Company up by over 10% after DBS initiates 'buy' on the counter

The brokerage started Straits Trading Company at ‘buy’ on compelling value and potential listing of ARA Asset Management.

Property

Straits Trading to purchase UK freehold business park for $137.9 mil

"We see value in the property as it gives us a resilient stream of income via its stable existing leases," says Desmond Tang, CEO of SRE.

Results

Straits Trading's 1H20 earnings fall 87.1% to $5.5 mil on lower tin mining and smelting revenue

Shares in Straits Trading closed 2 cents lower, or 1.3% down, at $1.54 on August 14, prior to the announcement.
Straits Trading unit enters JV to acquire Shanghai mall for $469.5 mil

Property

Straits Trading unit enters JV to acquire Shanghai mall for $469.5 mil

SINGAPORE (Dec 18): The Straits Trading Company is taking up a 37.7% stake in a joint venture with ARA Asset Management and ICBC International Investment Management to acquire a retail mall in Shanghai, China for RMB 2.42 billion ($469.5 million), the gro
Straits Trading to sell four residential properties in Osaka for $103 mil

Property

Straits Trading to sell four residential properties in Osaka for $103 mil

SINGAPORE (Dec 11): The Straits Trading Company, through its subsidiary, Straits Real Estate (SRE), is selling four residential properties, located in Central Osaka, Japan, for a total consideration of JPY 8.25 billion ($103.2 million), the company repo

Results

Straits Trading posts 25.5% drop in 2Q earnings to $25.3 mil

SINGAPORE (Aug 14): The Straits Trading Company recorded 2Q19 earnings of $25.3 million or 6.2 cents per share, 25.5% lower than $33.9 million in 2Q18.
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