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Singapore Wrap Thursday

Today's notable stories

Capitaland is inviting bondholders to tender their S$1 billion convertible bonds due 2022 for repurchase for cash, starting Friday.

CapitaLand proposes to issue S$650m convertible bonds

Capitaland on Thursday proposed to issue S$650 million bonds that can be converted into new shares, to be placed with institutional and accredited investors.

SIA posts 47% rise in net profit for Q4

Singapore Airlines (SIA) reported a net profit of S$39.6 million for the fourth quarter of FY14/15, up nearly 47 per cent year on year.

Market voices on:

Singtel's Q4 profit grows 4.5% at S$939m

Singapore Telecommunications' (Singtel) net profit for the fourth quarter ended March 31, 2015, held steady at S$939 million, rising 4.5 per cent from the S$898 million recorded in the corresponding period last year, due to growth in customers and data services at its regional mobile associates.

More Corporate Earnings

Sheng Siong gets nod to operate supermarkets in China

Singapore supermarket chain operator Sheng Siong Group said on Thursday it has received all the necessary approvals from the relevant Chinese authorities on its proposed joint venture (JV) to operate supermarkets in China with Kunming LuChen Group.

Singapore: Mixed session in low volume

The Straits Times Index on Thursday drifted lower for most of the session before ending at 3,455.78 for a net gain of 2.61 points. Brokers said the move was in line with expectations since many had expected Wednesday's short-covering bounce to quickly run out of momentum.