Coal price rally firing up SGX-listed miners

A CONFLUENCE of fresh factors - chiefly renewed demand from China, the world's top coal buyer, and a weather-led supply crunch in Indonesia - is stoking a rally in coal prices...
WOMEN ON BOARDS

Switching up pace to narrow Singapore boards' gender divide

SINGAPORE's top 100 listed companies appear to be steadily weaning themselves from the 'all-boys club' in the boardrooms. In 2013, half of them had zero women while as at end-2018, just-men boards shrank to 25 per cent...
CAPITALAND GOES BIG

CapitaLand courts growth with fresh Ascendas-Singbridge assets

CAPITALAND is banking on Ascendas-Singbridge's (ASB) logistics and business parks and its data centres - fresh additions that will aid in the group's pivot to these new growth sectors - to further drive growth...

CapitaLand's S$11 billion mega deal 6 months in the making

FOUR months in as head honcho of South-east Asia’s property giant CapitaLand, Lee Chee Koon has pulled off a mighty S$11 billion cash-plus-shares deal (subject to shareholders’ nod) to buy Ascendas-Singbridge (ASB) from Temasek Holdings that will vault the company into the largest diversified real...

SPH Q1 net profit falls 6% on lower investment income

MEDIA and property group Singapore Press Holdings’ net profit for the first quarter ended November fell 6.3 per cent to S$57.9 million from S$61.8 million a year ago owing to the decline in investment income following the partial divestment last August of the treasury & investment portfolio.
BT EXCLUSIVE: OUTLOOK 2019

Palm oil stocks may shine with CPO prices out of the woods

AFTER languishing for much of 2018, Singapore-listed palm oil stocks could be looking at a new dawn this year on renewed demand, sliding inventories and other factors.
OUTLOOK 2019

'Tumultuous' challenges for KL but buffers likely

THE Malaysian economy is set to greet 2019 on the back foot, unlike the sunny start in 2018 as its "quixotic, yet well-meaning" regime grapples with the baggage of rising rates, trade shocks and risks of fiscal slippage. ...
HOCK LOCK SIEW

India court ruling on Fortis deal may be a blessing in disguise for IHH

COULD investors of IHH Healthcare be caught in a rip tide of "emotional flooding" (an intense knee-jerk reaction fuelled by a sense of danger that results in an instinct to fight and run)? ...

IHH 'resolute' on lifting Fortis' fortunes despite court rule

IHH Healthcare is resolute on consolidating its hard-fought "transformational" buyout of Fortis Healthcare, which is facing yet another test after India's Supreme Court put the deal on hold following a petition filed by Japanese drugmaker Daiichi Sankyo against the Singh brothers -...
BT EXCLUSIVE

'I was vindicated a long time ago,' says Iceberg's Arnaud on Noble probe

ICEBERG Research's Arnaud Vagner ought to be having his moment now, after three years of tirelessly slamming the Noble Group and being called a "disgruntled" ex-employee (a label he disputes)...
NOBLE SAGA

Noble relisting is off; assets found to be potentially inflated

THE relisting of commodity-trader Noble Group will not proceed on Dec 11 as targeted, with the authorities' investigations having discovered that the to-be-relisted New Noble's net asset value (NAV) could be half of what has been reported. ...
BT EXCLUSIVE

Singapore-listed coal plays getting harder to fire up

AN uptick of activity in the coal space - be it mergers and acquisitions on the local bourse or new listings by sector stalwarts elsewhere - has roused some fire among Singapore-listed miners but waning demand from China alongside dimming coal prices have put paid to hopes of powering up their...

Khazanah sells 16% of IHH to Mitsui for RM8.42b

IN what marks the first portfolio rejig under a new chief, Malaysia's sovereign wealth fund Khazanah Nasional is selling a 16 per cent stake in Malaysia- and Singapore-listed IHH Healthcare to Japan's Mitsui & Co for RM8.42 billion (S$2.8 billion)...
HOCK LOCK SIEW

Noble probe: Timing matters less than thoroughness

SINCE the probe into commodity trader Noble Group was jointly announced by Singapore's top securities and accounting watchdogs and white-collar crime buster for suspected breaches of securities rules and company law, the timing of the announcement has drawn some reproach. ...
NOBLE SAGA

Noble's restructuring hangs in the balance amid investigations

ONE day after Singapore regulators launched an unprecedented tripartite probe into troubled Noble Group for suspected breaches of securities laws and accounting practices, there appears no clarity on whether the commodity group will be able to forge ahead with its hard-fought debt rescue plan or it...
NOBLE SAGA

Noble probe launched - three years after alarms first raised

BARELY a week to the expected listing of a new Noble Group that will be born out of a massive debt revamp on the Singapore Exchange (SGX), Singapore authorities have stunned the market with news that they are finally probing the commodities group for potential breaches of securities rules and...

Datapulse shareholders grill board on potential haircut over Wayco sale

DATAPULSE Technology's annual shareholder meeting on Friday lasted well over three hours, but hardly bore the agita that was thick in the air at its special shareholder meeting seven months ago amid a bitter shareholder feud and controversial buyout of a haircare firm. ...

SIA's transformation plan bearing fruit despite fuel-related cost pressures

EVEN as Singapore Airlines (SIA) contends with high fuel prices - albeit mitigated by a policy to hedge its fuel prices - that are chipping away at its margins, the national carrier's three-year transformation plan is beginning to bear fruit...

High fuel prices send SIA's Q2 profits tumbling 81%

NATIONAL carrier Singapore Airlines' bottom line headed south for the second quarter, with net profit tumbling to S$56 million from a restated profit of S$293 million a year ago, due to a combination of well-flagged, adverse factors by the analyst fraternity...

SIA's Q2 net profit falls 81%

HIGHER jet fuel costs and recognition of its share of losses in 20 per cent-owned Virgin Australia (VAH) led national carrier Singapore Airlines (SIA) to post a more than fivefold dip in net profit to S$56 million in the second quarter from a restated profit of S$293 million a year ago.

Wilmar posts 10.7% jump in Q3 profit

AGRI-giant Wilmar International's net profit for the third quarter jumped 10.7 per cent to US$407.4 million from a restated US$368.1 million a year ago, led by better showing in tropical oils, and oilseeds and grains businesses...

Wilmar's Q3 net profit jumps 11%

AGRI-GIANT Wilmar International’s net profit for the third quarter jumped 10.7 per cent to US$407.4 million from a restated US$368.1 million a year ago led by better showing in tropical oils and oilseeds and grains businesses.

Voluntary delisting offer: SGX Regco proposing shift of voting power to minorities

THE Singapore Exchange (SGX) Regco is proposing changes to the voluntary delisting rules, which, if adopted, will shift the voting power play from offerors and concert parties to minority and independent shareholders and potentially compel a sweeter exit proposition.

SGX Regco proposes to raise safeguards on voluntary delisting rules

SINGAPORE Exchange Regulation (SGX Regco) is proposing to disallow offerors and parties acting in concert from voting on voluntary delistings and with that, to lower the approval threshold from 75 per cent to a simple majority of independent shareholders.