Singapore shares decline at Wednesday's open; STI down 0.04% to 3,260.44

SINGAPORE stocks opened weaker on Wednesday, with the Straits Times Index slipping 1.22 points or 0.04 per cent to 3,260.44 as at 9.01am.

Stocks to watch: Best World, OUE, Golden Agri-Resources, Olam, Keppel, UOL

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

OUE fiscal 2018 earnings tumble 89.4% to S$10m

PROPERTY developer OUE Limited’s net profit for the full year ended Dec 31, 2018 has dropped to S$10 million, down 89.4 per cent from S$94.6 million the year before.

Gojek partners Gigacover to launch earnings protection insurance scheme for its drivers

RIDE-HAILING platform Gojek has struck an exclusive partnership with Gigacover, a Singapore-based insurance technology company focusing on freelancers, to launch an insurance scheme that covers its drivers. The earnings protection scheme will take effect from April 1, 2019, with more details to...

Acma warns of net loss for fiscal 2018

ACMA Ltd expects to report a net loss for the financial year ended Dec 31, 2018, based on a preliminary assessment of available information, the manufacturing company said in a regulatory filing on Monday.

JTC launches tender of Tampines North industrial site

JTC has launched a tender for a site at Tampines North Drive 3 (Plot 2) under the first half of the 2019 Industrial Government Land Sales Programme (IGLS) Programme, it said on Tuesday. 

Singtel shares networks with China Mobile in IoT collaboration, partners Microsoft on IoT network cloud services

SINGTEL has signed a master services agreement with China Mobile International Ltd to collaborate on accelerating enterprise adoption of Internet of Things (IoT) in the Asia-Pacific region.

Gojek partners Gigacover to launch earnings protection insurance scheme for its drivers

RIDE-HAILING platform Gojek has struck an exclusive partnership with Gigacover, a Singapore-based insurance technology company focusing on freelancers, to launch an insurance scheme that covers its drivers. The earnings protection scheme will take effect from April 1, 2019, with more details to...

Bumitama Agri Q4 earnings down 43% to 207b rupiah

BUMITAMA Agri Ltd has recorded a net profit of 207.37 billion rupiah (S$20 million) for the fourth quarter ended Dec 31, 2018, down 43 per cent from 363.61 billion rupiah the year before. This was due to the weakening of the agriculture commodity prices, especially during the last quarter of...

Singapore shares decline at Tuesday's open; STI down 0.11% to 3,268.67

SINGAPORE stocks opened lower on Tuesday, with the Straits Times Index slipping 0.11 per cent or 3.68 points to 3,268.67 as at 9.01am.

JEP Holdings fiscal 2018 profit up 2.7 times to S$2.2m on lower administrative costs

JEP Holdings has recorded a net profit of S$2.2 million for the full year ended Dec 31, 2018, up almost 2.7 times from S$825,000 the year before, on the back of lower administrative expenses, the precision machining and engineering services provider said in a regulatory filing on Monday after...

Frasers Property associate makes 19.75b baht offer for Golden Land

FRASERS Property's indirect associated company is making a conditional voluntary tender offer (VTO) for all the issued securities of Golden Land Property Development for about 19.75 billion baht (S$851.9 million) in cash, subject to regulatory and shareholder approval....

Charisma Energy warns of losses for Q4, fiscal 2018

CHARISMA Energy expects to report a net loss for its fourth quarter and full year ended Dec 31, 2018, based on a preliminary review of the draft unaudited management results to-date, the Catalist-listed company said in a regulatory filing on Monday.

Singapore C-suite execs, finance staff believe business decisions were based on inaccurate data: poll

A SURVEY of C-suite executives and financial professionals in Singapore has found more than seven in 10 respondents believe that their organisation has made significant business decisions based on inaccurate data. They identified this as a hidden problem, with close to half (45 per cent) stating...

Malaysia anti-graft agency's probe into Jawala unit still ongoing

MALAYSIA timber firm Jawala Inc said that the investigation by the Malaysian Anti-Corruption Commission (MACC) regarding the suspension of its subsidiary Jawala Plantation Industries’ (JPI) bank accounts with CIMB and Public Bank Berhad, is still ongoing.

Video creation platform 90 Seconds raises US$20m in Series B funding

VIDEO creation platform 90 Seconds has raised US$20 million in a Series B funding round from new and existing investors. They include SIG, Airtree Ventures, Sequoia India, Qualgro Venture Capital, Atami Capital, and Right Click Capital.

TEE International plans to sell 28% stake in unit

TEE International has entered into a term sheet with Top Capital Securities Pte Ltd (Top Capital) for the proposed sale of a 28 per cent stake in its subsidiary, TEE Land, at an indicative price of between S$0.179 and S$0.201 per share, for up to 125.1 million shares, the group said in a...

Frasers Property's indirect associated company to acquire Golden Land for 19.75b baht

FRASERS Property Limited's indirect associated company is making a conditional voluntary tender offer (VTO) for all the issued securities of Golden Land Property Development plc for about 19.75 billion baht (S$851.9 million) in cash, subject to regulatory and shareholder approval.

Stocks to watch: Best World, Raffles Medical, Venture, Allied Tech, Chip Eng Seng

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

Sarine Technologies Q4 profit falls 84.8% to US$93,000

SARINE Technologies has recorded a fourth-quarter net profit of US$93,000, down 84.8 per cent from US$613,000 the year before, the diamond technologies company said in a regulatory filing on Monday before the market opened.

Sevak stuck on SGX watch-list until June

IT solutions company Sevak will stay on the Singapore Exchange's (SGX) watch-list until at least June 2019, after the market regulator deferred its review of the company's application to exit the list....

Design Studio warns of losses for Q4, fiscal 2018

DESIGN Studio Group expects to report a “significant loss” for the fourth quarter and full year ended Dec 31, 2018, based on a preliminary review of its unaudited financial results, the interior fit-out and panelling products provider said in a regulatory filing on Friday.

Sevak stuck on SGX watch-list until June as regulator defers status review

IT solutions company Sevak will remain on the Singapore Exchange's (SGX) watch-list until at least June 2019, after the market regulator deferred its review of the company's application to exit the list....

Stocks to watch: UOB, OCBC, Sevak, HRnetGroup, Nordic Group

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

Nordic Group clinches S$12.9m of contracts for capital projects and maintenance

NORDIC Group has bagged several contracts totalling about S$12.9 million from new and repeat customers in the marine, oil and gas, petrochemical and infrastructure industries, the precision engineering and systems integration solutions provider said in a regulatory filing.