Sabana Reit, ESR Reit sponsor says 'strict internal controls' in place for conflicts of interest

FOLLOWING an activist fund’s call for the merger of Sabana Reit and ESR Reit, sponsor ESR Cayman on Friday said it is aware of the possible conflicts of interest that may arise...

DBS partners Exiger to roll out AI-powered risk assessment solution

DBS Bank on Friday said it has partnered Exiger, a provider of risk and compliance solutions to fight financial crime, to implement an artificial intelligence (AI)-powered due diligence solution to streamline and boost its screening processes.

Stocks to watch: Singtel, Sembcorp, OUE, MCT, F&N, Fragrance, Sakae, Sheng Siong

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

Sakae Q1 loss widens to S$831,000 on streamlining operations

SUSHI restaurant operator Sakae Holdings on Thursday night said its first-quarter net loss widened to S$831,000 from S$366,000 a year ago, as a result of the group streamlining its operations.

HOT STOCK

Yoma Strategic shares surge on Ayala investment despite Q2 loss

SHARES of Yoma Strategic soared on Thursday's market open on news that Philippine conglomerate Ayala would be coming on board as its second-largest shareholder after taking a maximum 20 per cent stake in the company for US$155 million.

Global Invacom Q3 profit doubles to US$228,000

GLOBAL Invacom, a global provider of satellite communications equipment which is on the Singapore Exchange watch-list, saw its third-quarter net profit about doubled to US$228,000 from US$109,000 a year ago.

Hot stock: Yoma shares jump 20% on Ayala investment despite Q2 loss

SHARES of Yoma Strategic soared on Thursday’s market open on news that Philippines conglomerate Ayala would be coming on board as its second largest shareholder after taking a maximum 20 per cent stake in the company for US$155 million.

Yoma in the red for Q2; Ayala buys 20% stake for US$155m

MYANMAR-FOCUSED Yoma Strategic Holdings has sunk into the red with a net loss of US$44.2 million for its fiscal 2020 second quarter ended Sept 30, compared with a net profit of US$18.8 million a year ago.

Singapore stocks: STI resumes Wednesday afternoon down 0.64% on day

SINGAPORE stocks resumed trading on Wednesday afternoon weaker, with the Straits Times Index down 0.64 per cent or 20.88 points to 3,246.92 on the day as at 1.04pm, as Asian markets continued to tread in negative territory. 

Hot stock: SembMarine down 3% after reporting deeper Q3 loss; OCBC downgrade

SEMBCORP Marine (SembMarine) shares were down 3 per cent at Wednesday session's midday break following Q3 earnings that missed street estimates, and OCBC Investment Research lowering its fair value for the rig builder.

Stocks to watch: CDL, UOL, SATS, SembMarine, Oxley, BreadTalk, Dasin Retail Trust

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

SembMarine Q3 loss widens to S$52.6m

RIG builder Sembcorp Marine (SembMarine) saw its net loss widen to S$52.6 million for its third quarter ended Sept 30, from a S$29.8 million net loss a year ago.

Amaravati project terminated: Sembcorp

SEMBCORP Industries on Tuesday said the project to develop a 684 hectare startup area in Amaravati, the new capital city of Andhra Pradesh, has been terminated.

First Resources Q3 profit slips 28.5%

FIRST Resources on Tuesday posted a 28.5 per cent drop in net profit to US$27.9 million for its third quarter ended Sept 30, from US$39 million a year ago, mainly due to weaker palm oil prices.

Singapore condo resale prices extend climb in October: SRX

RESALE prices for non-landed private residential properties in Singapore continued their rise in October following an increase in September, while volumes picked up from a slight dip, according to flash figures from real estate portal SRX Property on Tuesday.

Amaravati capital city startup area project terminated: Sembcorp

SEMBCORP Industries on Tuesday said the project to develop a 684 hectare startup area in Amaravati, the new capital city of Andhra Pradesh, has been terminated.

AEM names ST Engineering's Chandran Nair group president

AEM Holdings on Tuesday said it has appointed Chandran Nair as its group president, starting Jan 1, 2020. The role is newly created to support the group’s global growth and new business units.

Singapore condo resale prices extend climb in October: SRX

RESALE prices for non-landed private residential properties in Singapore continued their rise in October following an increase in September, while volumes picked up from a slight dip, according to flash figures from real estate portal SRX Property on Tuesday.

Datapulse appoints ICP unit to manage Seoul hotel

MAINBOARD-LISTED Datapulse Technology has appointed ICP unit Travelodge Hotels Asia (TLA) to manage Hotel Aropa in Seoul, South Korea.

First Resources Q3 profit falls 28.5% on weaker palm oil prices

FIRST Resources on Tuesday posted a 28.5 per cent drop in net profit to US$27.9 million for its third quarter ended Sept 30, from US$39 million a year ago, mainly due to weaker palm oil prices.

ST Engineering Q3 profit rises 3.4% to S$139.1m

MAINBOARD-LISTED Singapore Technologies Engineering (ST Engineering) posted a 3.4 per cent rise in net profit to S$139.1 million for its third quarter ended Sept 30, from S$134.6 million a year ago.

Oei Tiong Ham Park GCB put up for auction with S$23m guide price

A GOOD class bungalow (GCB) located at Oei Tiong Ham Park - a designated GCB area - is up for sale via auction with a S$23 million guide price.

Oei Tiong Ham Park GCB in District 10 up for sale with S$23m guide price

A GOOD class bungalow (GCB) located at Oei Tiong Ham Park – a designated GCB area – is up for sale via auction with a S$23 million guide price.

Singapore stocks: STI resumes Monday afternoon down 0.63% on day

SINGAPORE stocks resumed trading on Monday afternoon in negative territory, with the Straits Times Index down 0.63 per cent or 20.41 points to 3,243.89, on the day as at 1.01pm, amid mostly weaker market performances in the Asia-Pacific. 

Pan Asian to dispose China pipe and valve unit for 14.6m yuan

PAN Asian Holdings is proposing to sell its entire stake in its China pipe and valve manufacturing unit for 14.6 million yuan (S$2.8 million) to buyers Li Wei Jiang and Li Ya Feng.