HOCK LOCK SIEW

Quarterly reporting: risk-based approach cannot be too narrow

SINGAPORE'S market regulator said recently it would be unveiling a new approach to quarterly reporting (QR) for listed companies by the end of the year. It held back on the details, but the change is likely to involve removing such reporting requirements for a segment of the market.

Libra Group's going-concern status crippled by claims

CATALIST-listed Libra Group announced on Wednesday that it will not be able to continue as a going concern, as stipulated by Catalist rules, due to various claims that have been filed against two subsidiaries of the company.

Wing Tai's profits for Q4, full year take big tumble

REGIONAL property and lifestyle group Wing Tai Holdings turned in a substantially weaker profit in its fiscal fourth quarter and full year, mainly due to the absence of one-off gains recorded the year before.

Libra Group says it cannot continue as going concern

Catalist-listed Libra Group announced on Wednesday that it will not be able to continue as a going concern, as stipulated by Catalist rules, due to various claims having been filed against two subsidiaries of the company.

Wing Tai's profit slumps in absence of one-off gains

Regional property group Wing Tai Holdings reported an 86 per cent fall in its fourth-quarter net profits, while its revenue slipped 41 per cent year-on-year.

Darco to give up solar energy, focus on core businesses

DARCO Water Technologies, which relaunched itself some two years ago following an embezzlement debacle at one of its subsidiaries, on Tuesday updated shareholders on its strategy and future plans - saying it intends to focus on its core businesses in its traditional areas of environmental...

Darco to focus on traditional core business segments

DARCO Water Technologies, which relaunched itself some two years ago following a setback, on Tuesday updated shareholders, saying it intends to focus on its traditional core businesses in the areas of environmental systems and water management services, instead of its recent foray into solar...

UMS posts 44% slide in Q2 net profit on trade tensions, falling prices

GLOBAL trade tensions and tough market conditions continued to affect the performance of mainboard-listed UMS Holdings.

Cortina posts 69% jump in Q1 net profit, flags competitive market ahead

LUXURY watch retailer Cortina Holdings on Wednesday announced an impressive showing for its fiscal first quarter, improving both its top- and bottom-lines substantially.

PropNex's Q2 net profit slips 12% on lower commission income, higher staff costs

REAL estate agency PropNex saw its bottom line shrink in its fiscal second quarter, as it took in lower commission income while bearing higher staff costs and depreciation expenses. But the group said that the primary private property market is recovering strongly, since fresh cooling measures...

PropNex reports lower Q2 earnings, declares 1.25 cents dividend

REAL estate agency PropNex saw its bottomline shrink in its fiscal second quarter, as it took in lower commission income while bearing higher staff costs and depreciation expenses.

CORPORATE GOVERNANCE

Corporate governance has made progress, but practices need to evolve, 2019 index finds

THE scores for the Singapore Governance and Transparency Index (SGTI) may have reached new highs this year, but a substantial proportion of companies are still struggling to adopt corporate governance best practices that are in step with the times.

Singtel tops governance index for 5th year, overall score at record high

SINGTEL has topped the general category of the Singapore Governance and Transparency Index (SGTI) for the fifth year running, even as its competition continues to close in. 

No Signboard posts Q3 net loss of S$1.4m on higher costs

SEAFOOD restaurant operator No Signboard Holdings - which recently announced that its CEO had been arrested and released on bail in connection to a share buyback probe - had more bad news to report as it slipped into the red for its fiscal third quarter.

No Signboard posts Q3 net loss of S$1.4m on higher expenses, revenue fall

SEAFOOD restaurant operator No Signboard Holdings slipped into the red in its fiscal third quarter, as reduced customer spending and increased competition in the industry hurt its revenues.

CORPORATE GOVERNANCE

Reits, trusts improve governance, but some lapses draw regulator's ire

The annual Governance Index for Trusts (GIFT), out Thursday evening, showed that real estate investment trusts (Reits) and business trusts listed in Singapore have continued to improve their combined governance and business risk score since the first edition of GIFT in 2017.

Singapore's trusts put in better corporate governance showing, but lapses still evident

SINGAPORE'S listed real estate investment trusts (Reits) and business trusts have continued to better their performance in terms of how they managed their governance and business risks, said the third edition of the Governance Index for Trusts (Gift) out on Thursday.

HOCK LOCK SIEW

Will Singapore audit landscape take its cue from UK if its audit shake-up leads to higher fees?

IT WAS bound to come to this: the overhaul of the auditing industry in the United Kingdom is set to result in higher audit fees for the companies and businesses paying for them, as audit firms in the UK have recently indicated. Given that such changes are expected to have a knock-on effect, it's...

HPH Trust's Q2 performance hit by global trade tensions

HUTCHISON Port Holdings Trust (HPH Trust), a container port trust affiliated with Hutchison Ports, on Wednesday reported a weaker showing for its fiscal second quarter, no thanks to the ongoing challenges in the global trade environment.

HPH Trust Q2 performance affected by global trade tensions

HUTCHISON Port Holdings Trust (HPH Trust), a container port trust affiliated with Hutchison Ports, saw its second-quarter performance affected by ongoing challenges in the global trade environment.

AA Group identifies mysterious shareholder that sold stake to Haitong

AA Group announced on Wednesday that it has finally received some information that has allowed it to identify the mysterious shareholder which sold its stake to Haitong International Financial Products (Singapore) Pte Ltd.

AA Group dragged into debacle involving Epicentre chairman

THE debacle that has enveloped former Apple reseller Epicentre Holdings seems to be extending its reach to include manufacturing company AA Group Holdings.

AA Group dragged into debacle involving Epicentre chairman

AA Group Holdings has found itself embroiled in the debacle that has enveloped Epicentre Holdings.

Rich Capital board uncovers governance lapse; takes step to rectify issue

THE board of investment holding company Rich Capital (formerly known as Infinio Group) said on Tuesday that it has been made aware of a "governance lapse" within the group - specifically, an approximately S$2 million payment for a development project in Batam that was not made according to terms...

Rich Capital's board acts to rectify 'protocol lapse'

THE board of Rich Capital said on Tuesday that it has been made aware of a lapse within the group - specifically, an approximately S$2 million payment for a development project in Batam that was not made according to terms agreed upon.