SINGAPORE Airlines (SIA), on analysts' comments that the group faces a new playing field these days. With heightened competition from rival and budget carriers, SIA's efforts to strengthen its footing may take time to bear fruit. On Oct 17, SIA had said it will be injecting up to S$140 million to plug Tigerair's haemorrhage, part of a proposed rights issue to raise S$234 million.
Reits - Mapletree Logistics Trust and Frasers Commercial Trust - on earnings announcements for quarters ended Sept 30. Mapletree Logistics Trust's Q2 net property income rose 3.1 per cent to S$68.7 million, while gross revenue rose 5.8 per cent to S$81.5 million. Frasers Commercial Trust's Q4 net property income rose 8.8 per cent year-on-year to S$23.8 million on the back of higher income contribution from underlying leases of Alexandra Technopark, following the expiry of the master lease in August, and higher income contribution from China Square Central.
Keppel Land, on news that its net profit for the third quarter ended Sept 30 slipped 10.6 per cent to S$113 million, as divestment gains helped to absorb the impact of lower sales.
Ramba Energy, which is placing out 37.5 million new ordinary shares at 40 Singapore cents each to raise nearly S$15 million, to finance the exploration and production activities of its Indonesian oil-and-gas business.
King Wan Corporation, which bagged four new mechanical and electrical contracts worth S$21 million from July to October this year.
TTJ Holdings, which has secured contracts worth S$22 million to supply structural steelworks for Changi Airport Terminals 1 and 2, Tampines Town Hub, as well as civil defence shelter doors.
Vallianz Holdings, on news that it has won deals worth US$64 million in Mexico, West Africa and the Asia-Pacific. The group will supply vessels such as anchor handling tug supply (AHTS) vessels, platform supply vessels (PSV) and barges for periods of up to three years.