Hot stocks: Glove makers Top Glove, Riverstone, UG Healthcare see steep drops

FOLLOWING news that Russia is moving to roll out its new Covid-19 vaccine, share prices of the trio of Singapore-listed glove manufacturers all skidded on Wednesday, decimating their gains from recent weeks.

Hatten Land to assign Malacca mixed-use project's IP rights to Tayrona for US$60m

HATTEN Land has proposed to assign its intellectual property (IP) rights in the Harbour City integrated development in Malacca, Malaysia to Tayrona Capital for US$60 million.

SingPost revenue up 12% in April-June as e-commerce deliveries climb

SINGAPORE Post's (SingPost) group revenue increased 12 per cent to S$360 million for its first fiscal quarter ended June 30, 2020, from S$321 million in the corresponding period last year.

HOT STOCK

Keppel sees selloff after Temasek walks away from deal

KEPPEL Corp shares were dragged down on Tuesday as investors were on edge after the surprise announcement that Temasek Holdings has scrapped its S$4 billion partial offer for the conglomerate.

Hot stock: Keppel sinks 11.7% after Temasek pulls offer; DBS downgrades it to 'hold'

SHARES of Keppel Corp were dragged on Tuesday morning, as investors reacted to the surprise announcement that Temasek Holdings will not proceed with...

Stocks to watch: Keppel, Singapore Airlines, SGX, iFast, Accordia Golf, Tuan Sing

THE following companies saw new developments that may affect trading of their securities on Tuesday:

Accordia Golf Trust unitholders withdraw requisition notice after sponsor ups offer price

NO extraordinary general meeting (EGM) in relation to the recent requisition notice sent by Accordia Golf Trust (AGT) unitholders will be convened.

Accordia Golf ups offer price by 3.4b yen; Hibiki to vote in favour of sale

ACCORDIA Golf, the sponsor of mainboard-listed Accordia Golf Trust (AGT), is now willing to fork out 65.2 billion yen (S$848.4 million) to buy over the trust's 88 golf courses in Japan.

Accordia Golf ups offer price by 3.4b yen; Hibiki to vote in favour of sale

ACCORDIA Golf, the sponsor of mainboard-listed Accordia Golf Trust (AGT), is now willing to fork out 65.2 billion yen (S$848.4 million) to buy over the trust’s 88 golf courses in Japan.

HC Surgical shareholder fails in bid to sue chief executive

MINORITY shareholder Serene Tiong will not be able to sue HC Surgical Specialists' (HCSS) chief executive Heah Sieu Min for alleged breach of duties, with HCSS having raised its stake in Julian Ong's practice.

Court dismisses HC Surgical shareholder's application to sue CEO

MINORITY shareholder Serene Tiong will not be able to sue HC Surgical Specialists’ (HCSS) chief executive officer Heah Sieu Min for what she had alleged as a breach of his duties when the company raised its stake in Julian Ong’s practice.

Far East Orchard sinks into S$853,000 net loss for first half

HOTEL operator and property developer Far East Orchard has fallen into the red with a S$853,000 net loss for the half year ended June 30, 2020, versus a net profit of S$5.8 million a year ago. (see amendment note)

StarHub cuts H1 dividend to 2.5 S cents, service revenue slumps 15% in Q2

STARHUB'S net profit fell 5.6 per cent to S$37.3 million for the second quarter ended June 30, 2020, from S$39.5 million in the year-ago period.

BROKERS’ TAKE

PhillipCapital dubs Koufu 'best in class', sees move to new facility as major catalyst

PHILLIPCAPITAL on Wednesday initiated coverage on Koufu Group with a "buy" recommendation and a target price of 80 Singapore cents.

Broker's take: PhillipCapital says Koufu a 'buy' on superior growth, potential asset sale

PHILLIPCAPITAL on Wednesday initiated coverage on Koufu Group with a "buy" recommendation and a target price of S$0.80.

Synagie proposes S$61.7m sale of e-commerce arm to founders, Gobi fund, Alibaba

SYNAGIE Corporation is looking to dispose of its e-commerce business for about S$61.7 million to a consortium of investors - including the company's three founders and Alibaba Singapore - to allow Synagie to focus on its insurtech business.

Stocks to watch: Singapore Airlines, SGX, Sabana Reit, Yanlord, ARA H-Trust

THE following companies saw new developments that may affect trading of their securities on Wednesday:

AirAsia to resume Singapore-Malaysia flights on 'green lane' scheme

STARTING the week of Aug 17, low-cost carrier AirAsia will launch daily flights between Kuala Lumpur and Singapore, as well as one weekly flight each between Singapore and Penang, Kota Kinabalu, Kuching and Ipoh.

Frasers L&C Trust to sell stake in facility, buy two properties from sponsor; Q3 revenue doubles

FRASERS Logistics & Commercial Trust (FLCT) is looking to acquire two properties in Australia and the UK from its sponsor Frasers Property as well as sell its remaining half stake in a cold storage facility in Australia, said the trust's manager, which has also released its latest business...

Utico extends Hyflux offer deadline to Aug 30

UTICO has again extended the deadline of its proposed rescue deal for Singapore’s Hyflux, this time by a month.

VIRUS OUTBREAK

More aerospace firms jettison jobs; further pain if pandemic drags on

ENGINE maker Pratt & Whitney (P&W) and plane-maker Boeing are the latest among the aerospace firms which have cut jobs in Singapore, with some analysts saying that the aerospace sector may need to brace for more pain if the pandemic drags on.

VIRUS OUTBREAK

Travellers to Singapore must wear monitoring device if serving SHN at home

ALL incoming travellers serving their stay-home notice (SHN) outside of dedicated facilities must soon wear an electronic monitoring device, Singapore authorities announced on Monday.

US engine maker Pratt & Whitney trims about 20% of Singapore headcount

AMERICAN aerospace manufacturer Pratt & Whitney (P&W) on Monday announced it will carry out a retrenchment exercise on the same day in Singapore.

Travellers to Singapore must wear monitoring device if serving SHN at home

ALL incoming travellers serving their stay-home notice (SHN) outside of dedicated facilities must soon wear an electronic monitoring device, Singapore authorities announced on Monday.

Hot stock: Keppel sheds over 4% in early trade on uncertainty over Temasek offer

SHARES of Keppel Corp tumbled in early trade on Monday, amid a broad market decline on the Singapore bourse.