Stocks to watch: Keppel, CCT, GuocoLand, New Wave, SIIC
The following stocks may be in focus on Friday:
Keppel Corporation: Keppel Corporation posted a 30 per cent increase in third-quarter net profit to S$291.83 million, bolstered by the group's first year-on-year quarterly revenue and operating profit increase in the last two-and-a-half years.
CapitaLand Commercial Trust: CCT's net property income rose in the third quarter ended Sept 30,2017 compared to the same year-ago period, largely due to lower operating expenses, such as property tax, which saw its distribution per unit (DPU) rise 2.6 per cent to 2.36 Singapore cents.
GuocoLand: GuocoLand posted a higher first-quarter net profit of S$165.55 million, up from S$25.64 million a year-ago.
New Wave Holdings: Real estate tycoon Koh Wee Meng plans to make a voluntary conditional cash offer for all the issued ordinary shares in electronic component supplier New Wave Holdings at S$0.013 apiece. The offer represents a 44.4 per cent premium over the company's closing price of S$0.009 as at Oct 19. Mr Koh does not intend to revise this offer price.
SIIC Environment Holdings: Water treatment company SIIC Environment Holdings on Friday said it has been awarded two build-operate-transfer (BOT) wastewater projects in Jiangxi Province, China.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Singapore stocks end lower after US market wobbles ahead of CPI data; STI down 0.2%
LSEG reports in-line first quarter as Microsoft partnership progresses
Japan brokerage Daiwa’s Q4 profit more than doubles as markets recover
South Korea readies new system to detect illegal short-selling
Asia: Markets mixed as global rally stalls, eyes on yen
Singapore shares retreat at Thursday’s open; STI down 1.1%