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Monday, February 8, 2021 – 8:50 am
THE following companies saw new developments that may affect their securities trading on Monday:
mm2 Asia: A Singaporean private equity investor is interested in investing in one of mm2 Asia’s top businesses, the mainboard-listed entertainment group said on Sunday. The company had requested a commercial suspension on February 2 before requesting its lifting on Saturday. Its shares last closed unchanged at S $ 0.12.
Frasers Property: The real estate developer and manager reported lower average first-quarter revenue per room on Friday across all of its hotel properties globally. Shares of Frasers Property closed unchanged at S $ 1.22, before the announcement was made.
Sembcorp Industries: The company will appoint a new group chief financial officer, Eugene Cheng, who will join the company on March 8, he said in an exchange statement on Friday. Shares of Sembcorp rose 0.6 percent or 0.01 Singapore dollars to close at 1.68 Singapore dollars, ahead of the announcement.
Manulife US Real Estate Investment Trust (Manulife US Reit): Its distribution per unit (DPU) for the semester ended Dec. 31 fell 11.3 percent to 2.59 cents from 2.92 cents last year. The drop was primarily due to lower property income, as well as a provision for expected credit losses, Reit’s manager said in a stock market presentation Monday morning. This brings Reit’s full-year DPU to 5.64 cents, down 5.4% from its DPU of 5.96 cents for fiscal year 2019. Manulife US Reit units closed unchanged at 72 cents on Friday.
Yoma’s strategic holdings: The motherboard-listed firm said on Sunday that while political events in Myanmar “have caused intermittent disruptions” to some of its businesses, many of its services have resumed operations, including Wave Money, KFC and Kospa. Yoma shares last closed down 3 percent or 0.6 Singapore cents to 19.4 cents on Friday.
IFast Corporation: The wealth management platform reported on Friday a net profit of S $ 6.8 million for the fourth quarter ended December 31, 2020, 127.5 percent more than the S $ 3 million for the same period of the previous year. IFast shares closed unchanged at S $ 6.50, before the results were announced.
Thomson Medical Group: Its wholly-owned subsidiary, Thomson X, has entered into a strategic partnership with Singapore-based healthcare tech startup Plano, according to an exchange filing on Friday. Thomson Medical shares fell 2 percent or 0.1 Singapore cent to 4.8 cents, ahead of the announcement.
Thai drink: Shares of the beer and liquor giant rose on Friday after it said it received a letter of no objection from the Singapore Stock Exchange for the listing of nearly 20 percent of its BeerCo brewing unit. Its shares closed 2.5 Singapore cents or 3.1 percent higher at 82 cents after the announcement.
Sunpower Group: The environmental solutions company said on Friday it won two manufacturing and service contracts worth 390 million yuan (S $ 80.6 million) from an existing customer in the chemical industry. Sunpower shares closed unchanged at S $ 0.920 prior to the announcement.
Vallianz farms: The offshore support vessel company said on Friday it signed a memorandum of understanding with SeaTech Solutions International to “develop the next generation of environmentally friendly port tugs.” Vallianz shares were unchanged at 5.1 Singapore cents on Friday before the announcement was made.
CNMC Goldmine Holdings: The Catalist-listed firm expects to report a net loss for the year ended Dec. 31, following a net gain the year before, as Malaysia’s Covid-19 measures restricted its activities, it said on Saturday. CNMC shares last closed unchanged at 24.5 Singapore cents on Friday.
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