Global Invacom calls for trading halt

GLOBAL Invacom has requested a trading halt on Thursday morning shortly before market open, pending the release of an announcement.

Stocks to watch: Noble Group, Addvalue Technologies, Keppel-KBS US Reit, Keppel T&T

THE following companies saw new developments which may affect trading of their shares on Thursday:

Consumer spending may be hit by inflation in 2019

REAL private consumption next year is likely to rise by 4 per cent amid real wage growth and a tight labour market, but consumer spending and sentiment may be weighed down by the threats of rising imported inflation.

Banking veteran Mukhtar Hussain to become HSBC (Singapore) chairman and director

HSBC BANK (Singapore) has appointed Mukhtar Hussain as its chairman and director effective Oct 17, as the locally incorporated arm of The Hongkong and Shanghai Banking Corporation seeks to capture Asean business and deepen Singapore's role as a partner in the Belt and Road Initiative...

Real estate veteran Edmund Tie to retire

EDMUND Tie, the founding executive chairman of the 400-strong local property consultancy Edmund Tie & Company, will retire effective Jan 1, 2019.

Brokers' take: CGS-CIMB upgrades First Reit to 'add' on attractive yield; PhillipCapital maintains 'neutral'

CGS-CIMB has upgraded First Real Estate Investment Trust (First Reit) to "add" as fiscal 2018 yield hits 7.5 per cent, the highest level since 2016 following its share price decline in recent times...

Consumer sentiment could be hit by rising imported inflation in 2019: study

REAL private consumption next year is likely to rise by 4 per cent amid real wage growth and a tight labour market, but consumers may continue to be weighed down by the threats of rising imported inflation.

HSBC Singapore names banking veteran Mukhtar Hussain as chairman and director

HSBC BANK (Singapore) has appointed Mukhtar Hussain as its chairman and director effective Oct 17, as the locally incorporated arm of The Hongkong and Shanghai Banking Corporation seeks to capture Asean business and deepen Singapore's role as a partner in the Belt and Road Initiative...

Property consultancy's founding executive chairman Edmund Tie to retire from 2019

EDMUND Tie, founding executive chairman of the 400-strong local property consultancy Edmund Tie & Company, will retire effective Jan 1, 2019.

Brokers' take: Keppel DC Reit primed for more acquisitions amid healthy Q3 results

ANALYSTS were generally cheered by the financial results of Keppel DC Reit (real estate investment trust) as the data centre-focused Reit on Tuesday posted a third-quarter distribution per unit (DPU) of 1.85 Singapore cents, up 6.3 per cent from 1.74 Singapore cents for the same period a year...

Singapore signs Open Skies Agreement with Peru

AIRLINES of Singapore and Peru will now be able to fly any number of passenger and cargo services between both countries and beyond to any third country, with no restrictions on capacity, frequency, aircraft type or routing.

Stocks to watch: Keppel Infrastructure Trust, Noble Group, IEV Holdings, Datapulse Technology

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

Buyers willing to shell out extra for integrated development projects

CONVENIENCE is king among property buyers in Singapore, this much is clear.

TEE Int'l bags S$58m worth of engineering contracts

TEE International has clinched engineering contracts worth about S$58 million to bring its outstanding order book to about S$304 million, the engineering, infrastructure and real estate group said on Tuesday.

GIC makes two European investments

SINGAPORE sovereign wealth fund GIC has made two investments in Europe: one is a 465 million-euro (S$741 million) Paris office building, and the other, a significant minority stake in a Denmark-based company for an undisclosed amount.

Wheelock Properties to be delisted on Oct 18

WHEELOCK Properties will be delisted on Oct 18, 9am, following the close of the voluntary unconditional general offer earlier in the month by parent Wheelock and Company.

GIC makes two European investments in property, aircraft industry

SINGAPORE sovereign wealth fund GIC has made two investments - a 465 million euros (S$741.1 million) Paris office building and a significant minority stake in a Denmark-based company for an undisclosed amount - it announced in separate statements on Tuesday morning.

Vard to delist on Nov 2; requests trading halt

SHIPBUILDER Vard Holdings will be delisted from Nov 2 at 9am, following the close of its exit offer by Fincantieri Oil & Gas on Monday at 5.30pm.

TEE International bags S$58m worth of engineering contracts

TEE International has clinched engineering contracts worth about S$58 million that brings its outstanding order book to about S$304 million, the engineering, infrastructure and real estate group said on Tuesday morning in a Singapore Exchange announcement.
HOT STOCK

Hi-P down 8.7% after flagging lower Q3 profit

SHARES of Hi-P International fell 8.74 per cent or 8 Singapore cents to close at 83.5 Singapore cents on Monday, with 6.18 million shares changing hands, upon the news that the company lowered its earning guidance for the second time this year.

Rex International unit to divest interest in Barents Sea licence

A 90 per cent-owned unit of Rex International Holding will divest its 20 per cent participating interest in the Barents Sea licence PL850 to an external third party, as part of a bid by the oilfield services firm to focus on its core assets and areas close to infrastructure in the Norwegian North...

Valuations veteran joins JLL from Savills

JLL has appointed valuations heavyweight Lim Khee Boon as senior director for its institutional cross-border valuations for South-east Asia, as the consultancy seeks to win more cross-border portfolio valuation work across Asia.

Valuations veteran Lim Khee Boon to join JLL from Savills

JLL has appointed valuations heavyweight Lim Khee Boon as senior director for its institutional cross-border valuations for South-east Asia, as the consultancy seeks to win more cross-border portfilio valuation work across Asia.

Hot stock: Hi-P shares down 6% after flagging lower profit for Q3

SHARES of Hi-P International fell 6 per cent or S$0.055 to S$0.86 as of 10.29am on Monday, with 3.3 million shares changing hands, as the company lowered its earning guidance for the second time this year. 

Rex International to divest interest in Barents Sea licence

A 90 per cent-owned unit of Rex International will divest its 20 per cent participating interest in the Barents Sea licence PL850 to an external third party, as part of a bid by the oilfield services firm to focus on its core assets and areas close to infrastructure in the Norwegian North Sea.