You are here

Stocks to watch: Rickmers, CapitaLand, FCL

Wednesday, November 9, 2016 - 08:49

rickmers.jpg
Rickmers Maritime Trust requested for a trading halt on Wednesday pending an update on the outcome of a formal meeting today.

THE following stocks had announcements that could affect trading activity on Wednesday:

Rickmers Maritime Trust requested for a trading halt on Wednesday pending an update on the outcome of a formal meeting today.

At the meeting, noteholders will vote on the proposed restructuring of its S$100 million notes - this includes a part debt to equity conversion and extension of maturity - in relation to the consent solicitation exercise launched last month by the beleaguered firm.

Before trading hours, CapitaLand issued its third quarter report card; the real estate stalwart posted a 28.4 per cent rise in quarterly net profit to S$248 million on the back of a 27.7 per cent jump in revenue to S$1.4 billion.

sentifi.com

Market voices on:

Frasers Centrepoint (FCL) reported a 12 per cent drop in attributable profit to S$480 million for the full year ended September 2016 on the back of a 3.4 per cent fall in revenue to S$3.4 billion.

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom