Vard says CEO is 'independent', can offer his view on exit offer

VARD Holdings on Monday responded to queries from the Singapore Exchange (SGX) regarding contents of its circular sent to shareholders over its proposed voluntary delisting.

Ascendas Reit's Q4, full-year DPU up on acquisitions

ASCENDAS Reit on Monday reported an increase in distribution per unit (DPU) to 3.91 Singapore cents for its fourth quarter ended March 31, 2018. This is higher than the 3.852 Singapore cents it paid out a year ago.

Vard: Rules of CEO's 'independence' to recommend delisting differ from 'independent director' regulations

VARD Holdings on Monday responded to queries from the Singapore Exchange (SGX) regarding contents of its circular sent to shareholders over its proposed voluntary delisting.
STOCKS

Trade tensions, US earnings on tap this week

US earnings, continued trade tensions, and inflationary fears ahead of the May meeting of the Federal Reserve will continue to drive investor sentiment and trading this week.
STOCKS

Drop in tech, bank counters dampen market

A RETREAT in technology stocks and the local-bank trio dampened share prices in the Singapore bourse on Friday.

Singapore shares close lower on Friday

SHARE prices in the Singapore bourse closed lower on Friday, with the key Straits Times Index down 25.35 points or 0.7 per cent to finish at 3,573.38.

Worst of US-China trade tensions is over: JP Morgan

THE worst of the trade tensions between US and China appears to be over as both sides now ramp up on negotiations, said JP Morgan Asset Management (JPMAM) in its market outlook for the second quarter of 2018.
STOCKS

STI jumps 60 pts on Wall St's gains

ASIAN markets rose on the heels of Wall Street's gains, with the key Straits Times Index (STI) up 59.62 points or 1.7 per cent to return back above the 3,500 level...

Singapore shares close higher on Wednesday

SHARE prices in the Singapore bourse closed higher on Wednesday, with the key Straits Times Index up 59.62 points or 1.7 per cent to finish at 3,557.82.
STOCKS

Mixed data drives flat trading; STI up 1 point

A MIXED bag of positive and negative data releases led share prices in the Singapore bourse to finish flat on Tuesday, with the key Straits Times Index (STI) gaining a mere 1.01 point or 0.03 per cent to 3,498.2.

Singapore shares close flat on Tuesday

SHARE prices in the Singapore bourse closed flat on Tuesday, with the key Straits Times Index up 1.01 points or 0.03 per cent to finish at 3,498.20.

Civmec wins shareholders' approval for dual listing

AUSTRALIAN construction and engineering company Civmec is one step closer to executing its dual listing plans in Australia, after its Singapore shareholders on Monday unanimously approved a new constitution to pave the way for it.
STOCKS

STI down 0.12% as market moves sideways

THE Singapore stock market was off to a "soft start" on Monday, trading sideways as Asian equities elsewhere fell. ...

Singapore shares close 0.12% lower on Monday

SHARE prices in the Singapore bourse closed lower on Monday, with the key Straits Times Index down 4.11 points or 0.12 per cent to finish at 3,497.19.

HPH Trust expects muted impact on cargo volumes even if trade war materialises: CEO

HUTCHISON Port Holdings (HPH) Trust estimates that its cargo volumes would be hit by less than 2 per cent a year, should potential tariffs announced by the US on China exports materialise.

HPH Trust posts 12.9% drop in Q1 net profit to HK$145.4m

HUTCHISON Port Holdings (HPH) Trust on Friday posted a 12.9 per cent drop in net profit to HK$145.4 million (S$24.3 million) for its first quarter ended March 31, 2018, while revenue rose 3.5 per cent to HK$2.7 billion.
STOCKS

Geopolitics back to spook markets

NO SOONER had trade war tensions begun to ease that geopolitical tensions of a different nature started to rock markets again.

Singapore shares close 0.32% lower on Thursday

SHARE prices in the Singapore bourse closed lower on Thursday, with the key Straits Times Index down 11.15 points or 0.32 per cent to finish at 3,468.61.

Hyflux awarded 68.7m euros deal for seawater desalination package in Iran

HYFLUX on Friday announced that it has been awarded a contract by Asia Water Development Engineering Company (AWDEC) to design, manufacture and supply a seawater reverse osmosis desalination package in Bandar Abbas, Iran.
HOCK LOCK SIEW

Sentiment, more than fundamentals, behind rout in port counters

LAST week's sell-off in port counters was likely the consequence of a sentiment turn more than any change in specific fundamentals of individual companies. Just like the adage that says "a rising tide lifts all boats", perhaps it is also true that an ebbing one also sinks them...

Singapore property auction sales in Q1 up 31%

THE number of properties sold in auction sales rose to 11 units in the first quarter of 2018, from eight in the corresponding quarter a year ago.

Midas audit committee files police report

THE audit committee of troubled Midas Holdings has lodged a police report with Singapore's Commercial Affairs Department over a possible breach of securities laws and other offences linked to irregularities in the group's operations in China, it said on Thursday. ...

SembMarine sees uptick in customer enquiries, but competition still intense

SEMBCORP Marine (SembMarine) has seen an uptick in enquiries and invitations to tender from oil companies in recent months, particularly in the offshore production sector, but competition remains strong and margins remain depressed.

Port-related counters are hit by US-China trade tensions

TRADE-DEPENDENT counters, especially those in port operations and bulk cargo transportation, hit multi-year lows in the region on Thursday, amid continued trade tensions between the US and China.

Midas' audit committee files police report

THE audit committee of troubled Midas Holdings has lodged a police report with Singapore's Commercial Affairs Department over a possible breach of securities laws and other offences linked to irregularities in the group's operations in China, it said on Thursday...