Singapore stocks: STI resumes Monday afternoon at 3,124.49, up 0.34% on day

SINGAPORE stocks pared some of their morning gains as trading resumed on Monday afternoon, with the Straits Times Index up 0.34 per cent or 10.52...

Auditor flags going concern uncertainty on Capital World's leverage

CATALIST-LISTED Capital World's board has said it can continue as a going concern despite its auditor's and the Singapore Exchange's (SGX) concerns over its loans.

Singapore shares open higher on partial US-China deal; STI up 0.51% to 3,129.79

SINGAPORE shares rose strongly after trading began on Monday, following higher US and Europe market sessions on Friday. The markets were buoyed by US-China trade negotiations which yielded a partial deal that included a halt to tariffs scheduled for this week.

Stocks to watch: F&N, Tuan Sing, Yoma Strategic, GKE Corp, Hatten Land, ASL Marine

THE following companies saw new developments that may affect trading of their shares on Monday:

ESR-Reit nets S$50m in oversubscribed preferential offering

ESR-Reit has achieved gross proceeds of S$50 million from a preferential offering that was oversubscribed, with no additional units alloted beyond the original amount it had set out to raise.

Auditor flags lapses over Pacific Star's sale of 17 units at Puteri Cove Residences

INTERNAL auditor RSM Risk Advisory has conducted an independent review of Pacific Star's internal controls after revenue for the sale of 17 property units was included in the second- and third-quarter financial statements despite risks of non-fulfilment by buyers.

Atlantic Navigation calls for trading halt pending announcement

MARINE services company Atlantic Navigation has requested a trade halt at 1.21pm pending an announcement.

Daily securities turnover dips 3% in September; 3 Reits join indices: SGX

THE daily average value of securities traded on the Singapore Exchange (SGX) slipped 3 per cent year on year in September to S$940 million, according to the latest statistics by the market operator.

Auditor's independent review flags lapses in Pacific Star's operations, deals

INTERNAL auditor RSM Risk Advisory has conducted an independent review of Pacific Star's internal controls after revenue for the sale of 17 property units were included in its Q3 and Q2 2019 financial results despite risks of non-fulfilment by buyers.

ESR-Reit nets S$50m in oversubscribed preferential offering

ESR-Reit has netted gross proceeds of S$50 million from a more than twice oversubscribed preferential offering, with no additional units alloted beyond the original amount it had set out to raise.

Singtel may cut dividend to maintain credit rating: DBS Research

SINGTEL may cut its dividend payout from the current "unsustainable" rate to S$0.13-$0.15 per share for its next fiscal year starting April 1, 2020 (FY2021) in order to maintain its credit rating, DBS Equity Research said in a report on Thursday.

Frasers Property, Sekisui House sell three Australia retail assets

FRASERS Property Australia, together with its joint venture partner Sekisui House Australia, has sold three retail assets in their mixed-use Central Park project for A$174.5 million (S$162.4 million).

ST Telemedia eyes controlling stake in US cloud service provider 2nd Watch

ST Telemedia is acquiring a controlling stake in US cloud service provider 2nd Watch. The investment, which is pending regulatory approval, will add to the Temasek-owned company's expanding cloud IT platform and allow it to participate in the US market. ST Telemedia is an investor specialising...

Broker's take: DBS says Singtel may cut dividend for first time in 20 years

DBS Equity Research says Singtel may cut its "unsustainable" dividend rate to 13 to 15 Singapore cents per share for its next fiscal year starting April 2020 (FY2021) in order to maintain its credit rating, in a report out on Thursday.

Singapore shares open lower on Thursday after US stock futures tumble; STI down 0.41% to 3,077.08

SINGAPORE shares slipped at the opening bell on Thursday as US stock futures tumbled in early Asian trade after a media report that the US and China had made no progress in deputy-level trade talks earlier in the week.

Nico Steel swings into the red with US$283,000 H1 loss

METALS supplier Nico Steel posted a net loss of US$283,000 for its first half of fiscal 2020, versus a net profit of US$121,000 a year ago mainly due to uncertainties arising from the US-China trade war and fluctuations in commodity prices and currencies. 

Frasers Property, Sekisui House JV sells 3 Australia retail assets for A$174.5m

FRASERS Property Australia, together with its joint venture partner Sekisui House Australia, has sold three retail assets in their mixed-use Central Park project for A$174.5 million (S$162.4 million).

Christopher Tang to retire as CEO of Frasers Property Singapore

CHRISTOPHER Tang is stepping down as CEO of Frasers Property Singapore at the end of 2019 after 18 years with the group.

Obamas to headline Singapore events in December

FORMER US president Barack Obama and his wife Michelle Obama will visit Singapore in December to speak at events organised by The Growth Faculty.

Frasers Property Singapore CEO to retire; group forms new retail business unit

CHRISTOPHER Tang, 59, is stepping down as CEO of Frasers Property Singapore at the end of 2019 after 18 years with the group, it said in a bourse filing on Wednesday.

The Obamas to headline Singapore events in December

FORMER US President Barack Obama and his wife Michelle Obama will visit Singapore in December to speak at events organised by The Growth Faculty.

Stocks to watch: HC Surgical, USP Group

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

HOT STOCK

HPL gets SGX query after its shares soar as much as 7.6%

THE Singapore Exchange queried Hotel Properties Ltd (HPL) on "unusual price movements" in its shares after the counter jumped as much as 7.6 per cent to S$3.82 on Tuesday morning.

Hot stock: Hotel Properties shares jump 7.6%, prompting SGX query

THE Singapore Exchange on Tuesday queried Hotel Properties Ltd (HPL) on "unusual price movements" in its shares after the counter jumped as high as 7.6 per cent to S$3.82 in morning trade.

Aviva Investors launches sustainable fund in Singapore

AVIVA Investors, the global asset management business of the insurance giant, has launched a sustainability-focused multi-asset fund for both accredited and retail investors in Singapore.