HOT STOCK

iX Biopharma sinks 9.7% after proposing S$10.2m placement at discount

SHARES of pharmaceutical company iX Biopharma sank nearly 10 per cent on Wednesday, after it proposed a private placement of about

Axington, Citicode to become healthcare plays

CATALIST-LISTED professional advisory services group Axington and mainboard-listed Citicode could soon become healthcare companies.

Axington proposes to change core business to medical, consumer wellness services

CATALIST-LISTED professional advisory services group Axington Inc on Wednesday proposed to change its name and core business, and acquire a Malaysian medical products distributor for S$12 million.

iX Biopharma sees share price slip after proposing S$10.2m placement at discount

PHARMACEUTICAL company iX Biopharma has proposed a private placement of about 44.5 million new ordinary shares at 23 Singapore cents apiece to raise a total of S$10.2 million.

CDL Hospitality Trusts DPS for H1 tumbles 63.7% to 1.51 S cents

CDL Hospitality Trusts' (CDLHT) distribution per stapled security (DPS) sank 63.7 per cent to 1.51 Singapore cents for the six months ended June 30, 2020...

Parkway Life Reit posts 2.5% rise in Q2 DPU to 3.36 Singapore cents

PARKWAY Life Real Estate Investment Trust's (Parkway Life Reit) distribution per unit (DPU) rose by 2.5 per cent to 3.36 Singapore cents for its second quarter ended June 30, from 3.27 cents a year ago.

All companies must file controllers' details in new ACRA central register

SINGAPORE'S Accounting and Corporate Regulatory Authority (ACRA) has a new Central Register of Controllers, it said in a statement on Tuesday.

NEA launches Woodlands site for development of funeral parlour

SINGAPORE'S National Environment Agency (NEA) on Tuesday launched a land parcel at Woodlands Industrial Park E8 for the development of a purpose-built funeral parlour complex. 

Broker's take: Maybank KE says NetLink a 'buy' as yields more stable than telcos, Reits

MAYBANK Kim Eng on Monday reinitiated coverage of NetLink NBN Trust with a "buy" call and target price of S$1.08, citing its "less volatile" business compared to other yield plays such as telcos and real estate investment trusts (Reits), which are facing greater competition and risk dividend per...

ARA Logos DPU for Q2 rises 0.4% to 1.326 S cents

ARA Logos Logistics Trust's (ALog) distribution per unit (DPU) rose 0.4 per cent to 1.326 Singapore cents for the second quarter ended June 30, 2020, from 1.321 cents a year ago.

Parkway Life Reit posts 2.5% rise in Q2 DPU to 3.36 S cents

PARKWAY Life Real Estate Investment Trust's (Parkway Life Reit) distribution per unit (DPU) rose by 2.5 per cent to 3.36 Singapore cents for its second quarter ended June 30, from 3.27 cents a year ago.

Singapore third in Asia-Pacific for mobile network experience ahead of 5G rollout: study

SINGAPORE has emerged third in a study by mobile analytics firm Opensignal, which compares the mobile network experience of users in six major Asia-Pacific (APAC) cities in the three-month run-up to the launch of 5G networks in these markets. 

CapitaLand expects H1 total Patmi to sink 85-95% on share of CCT, CMT losses

CAPITALAND on Monday updated its profit guidance for the six months ended June 30, 2020, with expectations that its total Patmi (profit after tax and minority interests) will be reduced by 85-95 per cent from the S$875.4 million recorded a year ago.

GSH joint venture breaks ground for luxury mixed-use project in Chongqing

GSH Properties (Chongqing) Co on Sunday broke ground for the first phase of its luxury residential and hotel project in Chongqing's Bishan district, mainboard-listed property developer GSH Corporation said in a statement on Monday.

AXA Insurance offers free GP teleconsultations, medicine delivery till Dec 31

AXA Insurance on Monday said it is offering unlimited free teleconsultations with general practitioners (GP), and waiving delivery fees for medication, to all individuals in Singapore from July 23 to Dec 31.

CapitaLand expects H1 total Patmi to sink 85-95% on share of CCT, CMT losses

CAPITALAND on Monday updated its profit guidance for the six months ended June 30, 2020 with expectations that its total Patmi (profit after tax and minority interests) will be reduced by 85-95 per cent from the S$875.4 million recorded a year ago.

Stocks to watch: Singtel, Singapore Airlines, Keppel, ART, Tiong Seng, Tritech

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

Singtel Optus, Foxtel extend satellite services contract to 2031

SINGAPORE Telecommunications' (Singtel) wholly-owned Australian subsidiary Optus on Monday extended its contract with Australian media company Foxtel for the provision of satellite services until 2031.

BROKERS' TAKE

Analysts lift A-Reit's target price on structural tailwinds, stable occupancy

ASCENDAS Real Estate Investment Trust's (A-Reit) diversified portfolio and potential accretive acquisitions are likely to help offset the uncertain outlook, although it will be weighed down in the near term by the further rental relief it provides to tenants.

Brokers' take: Analysts lift Ascendas Reit's TPs on structural tailwinds, stable occupancy

ASCENDAS Real Estate Investment Trust's (A-Reit) diversified portfolio and potential accretive acquisitions are likely to help offset the uncertain outlook, although it will be weighed down in the near term by the further rental relief it provides to tenants.

Vallianz, Hiap Tong warn of FY2020 loss on asset impairments

OFFSHORE support vessel provider Vallianz Holdings and crane specialist Hiap Tong Corporation on Thursday warned of losses for their 12 months ended March 31.

Del Monte sinks into the red with US$12.4m loss in Q4

DEL Monte Pacific has sunk into the red with a net loss of US$12.4 million for its fourth quarter ended April 30, compared with a net profit of US$6.3 million a year ago. 

OUE Lippo Healthcare sinks into the red with S$1.3m H1 loss

OUE Lippo Healthcare (OUELH) has sunk into the red with a net loss of S$1.3 million for the six months ended June 30, 2020 compared with a net profit of S$334,000 a year ago. 

Scoot resuming flights to three cities, extends free date change on tickets

SINGAPORE Airline's (SIA) budget carrier Scoot resumes flights to Nanjing from July 23, and flights to Seoul and Kuala Lumpur next month, the airline has said.  

Keppel consortium bags cooling system contract worth over 7.5b baht

A UNIT of Keppel Corporation is part of a consortium of three companies that was awarded a contract worth more than 7.5 billion baht (S$329 million) for a district cooling system (DCS) in Bangkok.