Corporate digest
Miyoshi
LISTED components manufacturer Miyoshi Limited expects to report a loss for the third quarter of FY2020, compared to a profit in the corresponding period for the previous financial year. It attributed the red ink mainly to lower revenue due to the impact from the novel coronavirus pandemic and the impairment losses recognised from the fire at one of its production plants in the Philippines. Miyoshi will announce its unaudited third quarter financial results by July 14.
Hyflux
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
UBS weighs synthetic risk transfer amid capital boost proposals
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
S-Reits falter as investors weigh possibility of zero rate cuts in 2024
CapitaLand Investment posts total revenue of S$650 million for Q1
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results