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Singapore Wrap Thursday

Today's notable stories

NOBLE Group, which halted the trading of its shares on Thursday after Iceberg Research launched its second litany of allegations against the commodities trading firm, said its auditors Ernst & Young have completed their review of their internal procedures and will sign off on the year-end accounts.
  • Noble Group's FY14 profit tumbles 46%; writes off US$200m for Yancoal
    Noble Group's net profit in 2014 fell 46 per cent to US$132 million, despite a rise in revenue, as its losses on supply chain assets soared


    Hot stock: Noble halts trading as Iceberg lashes out with fresh allegations; 3rd report coming
    UPDATE: Noble says auditor EY seeks more time, refutes Iceberg's fresh allegations
    UPDATE 2: Noble refutes Iceberg's claims, says auditors will sign off on accounts, will lift trading halt on Feb 27


  • Singapore January factory output rises 0.9%, comes under expectations
    Singapore's manufacturing sector expanded less than expected in January, with factory output rising just 0.9 per cent on a year-on-year basis - far lower than the market's consensus forecast of a 3.3 per cent increase.


  • Lee Kuan Yew still in ICU, remains sedated
    Former Singapore prime minister Lee Kuan Yew is still in intensive care at the Singapore General Hospital (SGH), said a statement from the Prime Minister's Office on Thursday morning.


  • UOL Group's FY2014 net profit falls 13% to S$686 million on lower fair value gains
    Property and hotel group UOL posted a 13 per cent drop in net earnings for the year ended Dec 31, 2014 to S$686 million - due mainly to lower fair value gains.


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  • Hong Leong Finance full-year profit falls 10% on allowances for bad debt
    Hong Leong Finance on Thursday reported a 10.4 per cent fall in full-year net profit, as it took an allowance for doubtful debts.


  • Singapore: Stocks dragged down by Jardine and banks
    Pressure on the Jardine stable and the three banks on Thursday meant the Straits Times Index ended the session with a 14.65-point loss at 3,426.18. Turnover at 1.1 billion units worth S$946.2 million was below the S$1.1 billion averages seen in the past few days. Excluding warrants, there were 188 rises versus 225 falls.


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