[ad_1]
Tuesday, May 12, 2020 – 9:23 a.m.
The following companies saw new developments that may affect trading in their securities on Tuesday:
Wilmar International: The agribusiness group saw its profits drop in the first quarter due to market losses in investment securities, according to its results released on Monday. The accountant closed at S $ 3.54 on Monday, up to S $ 0.07 or 2 percent, before the update was released.
City Developments Ltd (CDL): The property developer and its joint venture partners sold 185 units with a total sales value of S $ 278.1 million for its first quarter ending March 31 versus 173 units with a sales value of S $ 516.3 million a year ago, CDL said Tuesday. CDL shares closed at S $ 0.02 or 0.3 percent at S $ 8.02 on Monday.
Mapletree North Asia Business Trust (MNACT): The trust will issue its scrip dividend at a price of S $ 0.8752 per unit, its manager said Monday night. The units dumped one Singapore cent, or 1.1 percent, to 87.5 Singapore cents on an ex-dividend basis on Monday.
Sembcorp Industries: The utility group, which in February won the award from the national water agency PUB for designing, building, owning and managing a floating solar farm in the Tengeh reservoir, signed a 25-year power purchase agreement Monday to the project. Sembcorp shares added S $ 0.02, or 1.3 percent, to S $ 1.62 on a cumulative dividend basis on Monday, prior to the announcement.
Fraser and Neave (F&N): The beverage maker listed on the main board saw its net earnings drop in the six months through March 31, not thanks to financial costs to finance its investments in Starbucks Thailand. F&N shares lost S $ 0.02, or 1.4 percent, to S $ 1.45 on the Monday before the results were announced.
SIA Engineering Firm: The aircraft maintenance, repair and overhaul company expects any form of recovery to be challenging given the unprecedented scale of curves in international air travel. In a post-earnings call on Monday, the company said the biggest hurdle ahead will be how the aviation industry will change once the crisis erupts. The counter closed at S $ 1.82 on Monday, up to S $ 0.02 or 1.1 percent.
Cromwell European Real Estate Investment Trust (Cromwell E-Reit): The Reit recorded a 21.4 percent increase in gross income to 48.5 million euros (S $ 74.3 million), while net property income increased 17.2 percent to 31 million euros, the manager said Tuesday. The counter closed on Monday at 39.5 euro cents.
OBJECTIVES Apac Reit: The unit’s real estate investment trust distribution fell 27.3 percent to two Singapore cents for its fourth quarter ended March 31, 2020, from Singapore’s 2.75 cents a year ago. Reit units closed S $ 0.03 or 2.6 percent higher at S $ 1.17 on Monday.
Kimly The operator of the listed cafeteria registered a net profit increase for its first half of the year, despite the fact that online food delivery rates and cleaning and packaging materials increased expenses. Shares ended unchanged at S $ 0.21 on Monday, before results were released.
Lian Beng: The construction group listed on the main board won the tender for a S $ 174 million contract to build a private housing project for CDL and Hong Leong Holdings, the board announced Monday night. Lian Beng’s shares rose S $ 0.01, or 2.7 percent, to S $ 0.38 on Monday, before the news.
Clearbridge Health, Biolidics: Clearbridge Health, cataloged by Catalist, will be a non-exclusive distributor of coronavirus antibody test kits for its cataloged spin-off, Biolidics. Under an agreement signed Monday, the Clearbridge Medical Group subsidiary will distribute the test kits in the Philippines, Indonesia, Myanmar and Vietnam for one year. Biolidics closed completely at 45.5 Singapore cents on Monday, while Clearbridge ended unchanged at 19.5 Singapore cents before the last announcement.
Sakae Holdings: The restaurant operator listed on the main plate will approach S $ 3.21 million from liquidated associate Griffin Real Estate Investment Holdings, the board said Monday, after the Superior Court last week approved the partial refund of S $ 13 million in capital to shareholders. The Sakae watch list saw no trade on Monday. The last time it changed hands was S $ 0.04 in April.
[ad_2]
