Watch list

Markets shrug off exit of UK’s May in June; Hong Leong Asia to privatise cement unit

(June 3): June 7 will mark the end of Theresa May’s tenure as British Prime Minister, after a three-year leadership fraught with bad mistakes, resignations, controversy and widely panned policies. Her time as PM will be defined by her inability to deliver Brexit. Even as she broke down in tears after her farewell speech outside Downing Street, there is little sympathy for the “Maybot”.

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S i2i 2Q earnings fall more than three-fold on higher purchases and changes in inventories

SINGAPORE (Aug 1): Telecom and IT service provider S i2i, formerly known as Spice i2i, saw 2Q earnings ended June of $127,000, down more than three-fold from the $433,000 posted in the same period a year ago despite higher sales in Indonesia.

This was because of 13.9% higher purchases and changes in inventories and direct service fees incurred of $82.9 million compared to $72.8 million a year ago as S i2i, through one of its Singapore subsidiaries, ventured into business of battery electric vehicles and passenger land transport in the later part of FY16.

Kingboard Copper Foil, Debao removed from SGX watch list, Nico Steel included

SINGAPORE (Sept 5): Kingsboard Copper Foil Holdings and property developer Debao will be removed from the Singapore Exchange (SGX) watch list.

On the other hand, Nico Steel Holdings, a metal alloy and metallurgical solutions provider, will be included. Both transitions will take place with effect today.

In a Monday statement, Kingsboard Copper Foil says SGX has assessed the company for removal from the watch list and based on its volume-weighted average price over the last six months.

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