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Mon, May 11, 2020 – 8:54 a.m.
The following companies saw new developments that may affect trading in their securities on Monday:
IHH Healthcare: Executive Director of Health Heavyweight Kelvin Loh said in an interview with The Business Times that the impact of the Covid-19 pandemic on business will be short-lived and that the group is well prepared to handle the virus outbreak. This occurs when the group faces the triple blow of withering medical tourism, excess capacity, and lower volumes. IHH shares closed unchanged at S $ 1.68 on Friday.
Risk corporation: The company’s entities in Singapore and Malaysia could benefit from the possible realignment of the global supply chain in the current business environment, according to a first-quarter update on Friday that reported the group’s net profit fell by approximately 33 percent. annual cent. to S $ 60.3 million. Venture stocks fell S $ 0.02 to close at S $ 15.74 on Friday.
SIA Engineering Company (SIAEC): The group, which provides aircraft maintenance, repair and overhaul services, experienced an increase in fourth quarter net profit of 5.9 percent annually to S $ 52.2 million, as its operating performance was strengthened by the government support, but the group cut its final dividend from eight cents to five cents a share. SIAEC shares closed at S $ 1.80 on Friday, down S $ 0.02 before the results were released.
Frasers Hospitality Trust (FHT): The Stapled Stapled Security Group (DPS) distribution for the second quarter ending March 31, 2020 fell 68.1 percent to Singapore’s 0.3137 cent from a year ago as travel demand took a significant hit from the pandemic of Covid-19, according to its results released on Friday. The counter closed at S $ 0.48 on Friday before the results were released.
Tuan Sing Holdings: The business operations of the property developer listed on the main board affected by the Covid-19 pandemic are “largely limited” to its hospitality segment, with its portfolio diversified into segments and regions that ensure a “high degree of resilience “The group said in a late corporate update on Saturday. Tuan Sing shares closed at S $ 0.23 on Friday, down S $ 0.01, or 4.2 percent, before the announcement.
Boustead projects: The main board-listed firm said on Friday that its wholly owned subsidiary in Malaysia, BP Engineering Solutions, has won a major design and build contract to deliver an advanced high-tech industrial facility in Penang. The last contract increases the order book of Boustead Projects to S $ 710 million. Shares of Boustead Projects closed at 74 Singapore cents on Friday, a half-cent more, ahead of the announcement.
HC Surgical Specialists (HCSS): The group said Sunday that it has formed a litigation committee after minority shareholder Serene Tiong, who was also the defendant in a failed defamation lawsuit filed by group surgeon Julian Ong, alleged that HCSS chief executive Heah Sieu Min, failed in his duties as director. . In addition, Ms. Tiong is giving 14 days advance notice of her intention to file an application with the court pursuant to Section 216A (2) of the Companies Act, so that she may file an action on behalf of and on behalf of the company against Dr. Heah regarding the allegation. Shares of the HCSS listed on the catalysts list were unchanged at S $ 0.34 as of Friday’s close.
Elite Commercial Reit: The real estate investment trust (Reit) recorded a distribution per unit of 0.74 pence for the first quarter ending March 31, 2020, 1.4% more than its initial public offering forecast of 0.73 pence, based on its financial results released Monday. The counter closed at 67.5 pence on Friday.
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