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Singapore Wrap Thursday
Capitaland on Thursday proposed to issue S$650 million bonds that can be converted into new shares, to be placed with institutional and accredited investors.
Singapore Airlines (SIA) reported a net profit of S$39.6 million for the fourth quarter of FY14/15, up nearly 47 per cent year on year.
Singapore Telecommunications' (Singtel) net profit for the fourth quarter ended March 31, 2015, held steady at S$939 million, rising 4.5 per cent from the S$898 million recorded in the corresponding period last year, due to growth in customers and data services at its regional mobile associates.
More Corporate Earnings
- NOL narrows loss in Q1 by cutting costs
- Genting Singapore Q1 profit slumps 73% to S$63m
- SATS reports higher Q4 and full-year profits
- Global Logistic Properties' Q4 profit plunges 34.5% to US$105m
Singapore supermarket chain operator Sheng Siong Group said on Thursday it has received all the necessary approvals from the relevant Chinese authorities on its proposed joint venture (JV) to operate supermarkets in China with Kunming LuChen Group.
The Straits Times Index on Thursday drifted lower for most of the session before ending at 3,455.78 for a net gain of 2.61 points. Brokers said the move was in line with expectations since many had expected Wednesday's short-covering bounce to quickly run out of momentum.