NEWS ANALYSIS

Taiwan's offshore wind market a breath of fresh air for O&M sector

ROBERT Kuok-backed PACC Offshore Services Holdings (POSH) has joined a line of Singapore-based offshore and marine (O&M) players seeking to get in on billions of dollars in contracts from Taiwan's promising offshore wind market...
HOCK LOCK SIEW

Yard merger, Brazil probe may take centre stage this O&M results season

SOME analysts covering the offshore and marine sector are finding the upcoming results reporting season for the two major players in the offshore sector unusual. SembMarine's second quarter results briefing is scheduled for this Friday, just after Keppel Corporation's on Thursday. This is...

Maritime use of large-scale 3D printing seen in 3-5 years

ADVANCEMENT in 3D printing is making the application of the technology possible for some ship components in Singapore, but industry-wide applications will take some time, observers say.

Top 5 performers on FTSE-ST Small-Cap Index average 36% YTD return

THE five best-performing stocks on the FTSE ST Small-Cap Index averaged a year-to-date return of 35.5 per cent as at July 11. This takes their average 12-month total return to 28.6 per cent, going by a market update report from the Singapore Exchange.

3 out of 4 maritime bonds lost value in H1 2018

THREE out of four maritime bonds on the radar of a maritime research consultancy fell over the first half of 2018, hit by the double whammy of trade war fears and a hard landing for container shipping lines.

Yorkshine, subsidiaries receive letter of demand for debt repayment

YORKSHINE Holdings and five of its subsidiaries have received a letter of demand for the repayment of over US$33.24 million loans.

SATS, Wilmar in joint venture to form food manufacturing and processing company

SATS and Wilmar International unveiled after Friday trading hours, a 120 million yuan (about S$24.53 million) joint venture (JV) company.

Oxley executives in buying spree: CEO takes 11m shares at S$3.9m

OXLEY Holdings executive chairman and chief executive Ching Chiat Kwong bought more than 11 million company shares on the open market from Tuesday to Thursday for S$3.9 million, joining the company's deputy chief executive in a bout of buying activity this week...

Rachel Eng leaves WongPartnership for PwC role

RACHEL ENG is leaving as a partner of WongPartnership to take up a new role with a Singapore law firm that is part of PwC global legal network.

Robert Kuok-linked groups tie up to target Taiwan's wind sector

TWO listed groups linked to Malaysia's richest tycoon Robert Kuok are joining forces to penetrate Taiwan's budding offshore wind sector...

Four freehold shophouses on Macpherson Road put on sale

COMMERCIAL real estate services and investment firm CBRE has launched for sale four freehold shophouses on Macpherson Road, via an expression of interest exercise.

Alliance's institutional shareholder will vote for proposed merger

AN institutional shareholder of Catalist-listed Alliance Mineral Assets has indicated its intent to vote for the proposed merger with Australia-listed Tawana Resources, in absence of a superior proposal.

Accordia Golf Trust shuts three golf courses in Japan

ACCORDIA Golf Trust’s three golf courses in Japan have been shut amid flash flooding and landslides in western Japan.

CBRE launches sale of four freehold shophouses on Macpherson Road

COMMERCIAL real estate services and investment firm CBRE has launched for sale four freehold shophouses along Macpherson Road via an expression of interest (EOI) exercise.

Rachel Eng retires from WongPartnership for PwC role

RACHEL Eng is retiring as a partner of WongPartnership to take up a new role with a Singapore law firm that is part of the PwC global legal network.

POSH, Kerry TJ Logistics team up for Taiwan's offshore wind market

TWO listed groups linked to Malaysia's richest tycoon Robert Kuok are joining forces to penetrate Taiwan’s budding offshore wind sector...

Sinja Land unit served writ of summons

A SUPPLIER had served a subsidiary of Sinja Land a writ of summons and sought claims for allegedly outstanding invoices, the listed parent company said.

Chaswood Resources faces letters of demand from Ambank

CATALIST-LISTED food and beverage (F&B) outlet operator Chaswood Resources has received letters of demand from a legal counsel of Malaysia's Ambank seeking repayment for outstanding amounts on banking facilities extended to Chaswood and its subsidiaries...

Court sets aside order obtained by Top Glove against Adventa

THE KUALA Lumpur High Court has set aside an interim injunction order freezing the assets of two directors of Adventa Capital that was put in place after a court filing by Singapore-listed rubber glove maker, Top Glove Corporation.

Duty Free International's Q1 net profit falls 39.9%

DUTY Free International posted a 39.9 per cent decline in net profit to RM9.0 million (S$3 million) for the first quarter, on a 28.9 per cent decrease in revenue.  

SPH's Q3 net profit jumps 64.3%

MEDIA and property group Singapore Press Holdings posted a 64.3 per cent increase in its third quarter net profit, bolstering its nine-month bottomline by 15.6 per cent.

GuocoLand bags Casa Meyfort for S$320m

GUOCOLAND on Tuesday announced that it has exercised the option to buy freehold condominium, Casa Meyfort along Meyer Road through a collective sale for S$319.88 million.

Singapore is top maritime centre for fifth time

FOR the fifth consecutive year, Singapore has clinched the No. 1 spot among the world's top maritime centres in the Xinhua-Baltic International's International Shipping Centre Development (ISCD) Index. ...

Owner of Prestige Cars accepts Jackspeed's offer

JACKSPEED Corporation said after Tuesday’s trading close, it had made a non-binding offer to convert part or all of a S$10 million loan into equity in private-owned Prestige Cars.

FCOT to sell Market Street property for S$216.8m

BRITISH and Malayan Trustees as the trustee of Frasers Commercial Trust (FCOT) has entered into an agreement for the sale of a commercial property at 55 Market Street, in Raffles Place for a sale consideration of S$216.8 million.