STOCKS

ThaiBev surges, pennies feel gravity

A SURGE in Thai Beverage and a correction in a number of penny stocks marked Tuesday's trading, as the Straits Times Index rose 17.03 points to just about a two-year closing high of 3,327.83, up 0.5 per cent...

Singapore shares close 0.5% up

SINGAPORE stocks finished 0.5 per cent higher on Tuesday, with the Straits Times Index advancing 17.03 points to 3,327.83.
STOCKS

STI stays around 3,300; pennies in action

AS the sun rises on another week of earnings results, Singapore's Straits Times Index (STI) continued swinging around the 3,300-point line, opening below it but ending above it at 3,310.80 points, 0.1 per cent lower from Friday's close. The market was digesting last week's raft of...

Singapore shares close 0.1 per cent down

SINGAPORE stocks ended 0.1 per cent lower on Monday, with the Straits Times Index falling 3.32 points to 3,310.8.
MONDAY MULTIPLE

A descent into the SGX abyss

YOU have wandered far from the gleaming towers of Singtel and DBS and the verdant hills of Bukit Sembawang. Nay, these places are not for your kind. The minimum lot size is too big and the share price is too high.

Union Gas up 16% in first-day trading

FUEL products provider Union Gas ended its first day of trading on the Catalist board at S$0.29, 16 per cent above its initial public offering (IPO) price of S$0.25.

Rowsley reports Q2 profit of S$1.2m

ROWSLEY Ltd, the real estate and investment firm that is currently one of the hottest stocks on the market, said it swung back to profitability for its second quarter ended June 30, 2017.

Cache Logistics Q2 DPU at 1.8 cents, down 9.5%

LOWER revenue and higher property-related expenses led to warehouse owner Cache Logistics Trust reporting a distribution per unit (DPU) of 1.8 Singapore cents for the second quarter ended June 30, 2017, down 9.5 per cent from 1.989 cents a year ago.

Swee Hong pays off debts in 2015 scheme of arrangement

CIVIL engineering and construction firm Swee Hong has announced the end of the scheme of arrangement between the company and its creditors, which took effect in December 2015.

Union Gas IPO 7.1 times subscribed

THE initial public offering (IPO) of fuel products provider Union Gas was 7.1 times subscribed, with applications (excluding director-related purchases) of 424.3 million shares for the 60 million shares on offer at S$0.25 each.

Kitchen Culture's US$20m notes issue bid falls through

CATALIST-LISTED high-end kitchen systems seller Kitchen Culture Holdings said on Thursday its attempt to raise up to US$20 million through convertible senior notes has fallen through.

Keppel Corp's Q2 profit down 22% to S$160m

RIGBUILDING and property firm Keppel Corporation on Thursday reported a net profit of S$160 million for its second quarter ended June 30, 2017, down 22 per cent from S$206 million a year ago. Revenue fell 4.4 per cent to S$1.55 billion.

NetLink closes at IPO price on first day of trading

SINGAPORE'S biggest initial public offering (IPO) to date, NetLink NBN Trust, concluded its first day of trading at exactly its offer price of S$0.81...

Divestments hit Keppel T&T's Q2 profit; revenue down 5.1%

THE divestment of stakes in a couple of assets led to logistics and data centre company Keppel Telecommunications & Transportation (Keppel T&T) reporting a net profit of S$10.3 million for its second quarter ended June 30, 2017, 45 per cent less than the S$18.8 million a year ago.

Divestments take Keppel T&T's Q2 profit down 45% to S$10.3m

LOGISTICS and data centre company Keppel Telecommunications & Transportation (Keppel T&T) on Wednesday reported a net profit of S$10.3 million for its second quarter, 45 per cent less than the S$18.8 million a year ago.

Peter Lim to inject healthcare assets into Rowsley

REAL estate and investment firm Rowsley said on Tuesday night that controlling shareholder, Singapore billionaire Peter Lim, will be injecting his 100 per cent stake in Thomson Medical Pte Ltd and 70.36 per cent stake in Bursa Malaysia-listed TMC Life Sciences (TMCLS) into the firm.
HOCK LOCK SIEW

GLP deal a sign of the liquid, tech-obsessed times

THE year 2017 had begun with one of the biggest potential deals of all time, a surprise US$143

Buyout giant KKR eyeing a couple of SGX companies: S-EA chief

BUYOUT giant KKR is looking at a couple of companies listed on the Singapore Exchange (SGX), said Ashish Shastry, the private equity firm's top guy in South-east Asia...
SPOTLIGHT

The Asean promise

THE numbers around South-east Asia, or Asean, have attracted a number of superlatives. If it were a single country, Asean would be the seventh-largest economy in the world and the third-largest labour force, with a market of US$2.6 trillion and over 600 million people.

Peter Lim to inject Thomson Medical, TMC into Rowsley in all-share deal

REAL estate and investment firm Rowsley said on Tuesday night that controlling shareholder, Singapore billionaire Peter Lim, will be injecting 100 per cent of Thomson Medical Pte Ltd and 70.36 per cent of Bursa Malaysia-listed TMC Life Sciences into the firm.

DBS, OCBC update take-up rates of cashless payments initiatives

DBS Bank and OCBC Bank have issued press releases updating the take-up rates of cashless payments initiatives.

KKR on the prowl at SGX, says its S-E Asia head

BUYOUT giant KKR is looking at a couple of companies listed on the Singapore Exchange (SGX), said Ashish Shastry, the private equity firm's head of South-east Asia...

New hospital boosts First Reit's Q2 DPU

BOOSTED by a full quarter of contributions from a newly acquired hospital, First Reit reported distribution per unit (DPU) for its second quarter ended June 30, 2017, at 2.14 Singapore cents, up 1.4 per cent from 2.11 cents a year ago.

Lee Yi Shyan to be non-exec chairman of International Healthway Corp

MEDICAL property developer International Healthway Corporation (IHC), which was recently taken over by developer OUE, has appointed former senior minister of state Lee Yi Shyan as its non-executive, non-independent chairman.

Tiong Seng in JV to develop Jervois Road residential sites

CONSTRUCTION and engineering firm Tiong Seng Holdings said on Monday its subsidiary has entered into a joint venture (JV) with civil engineering firm Ocean Sky International to develop two freehold sites on Jervois Road, which have a combined area of 1,246.3 square metres with a residential-zoned...