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Singapore Wrap Tuesday
Singapore and Malaysia have decided to push back an initial deadline of 2020 for the completion of a high-speed rail link between the wealthy city state and Kuala Lumpur, both prime ministers said on Tuesday, citing the complexity of the project.
Noble Group, which has rejected claims of improper accounting, reported a 30 per cent fall in quarterly profit and provided more disclosures related to its fair value contracts.
Lifestyle products group Osim International recorded its first double-digit revenue slide in some time, with first-quarter revenue for the three months ended March 31, 2015 down 13 per cent to S$149.8 million, from S$172.6 million a year ago.
More Corporate Earnings
- Roxy-Pacific Q1 net profit trebles to S$46.45m
- BBR Q1 net profit drops 83.2% on slower general construction sales
- Healthway Q1 net profit more than doubles to S$3.5m on disposal gains
- Tiger Airways posts S$18.8m loss for Q4
Swiber Holdings said it planned to call its 9.75% perpetual bonds due on September 25, as scheduled, despite investors' fears that it might not be able to do so.
Weakening prices amid declining liquidity - this is a combination dreaded by most investors and brokers. Unfortunately, it was a combination that made its presence painfully felt in Tuesday's session, during which the Straits Times Index (STI) was weak throughout the day and ended with an 11.51 point loss at 3,471.19, amid turnover of 1.5 billion units worth S$886 million, thought to be the lowest one-day total in at least three months.