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Stocks to watch: Singtel, Yoma, Memories, Ley Choon, Yangzijiang, TalkMed, Jawala, AspialTHE following companies saw new developments that could affect trading of their shares on Thursday: Read more at The Business Times.
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Stocks to watch: CapitaLand, M Development, Yoma, Centurion, Singapore Medical GroupTHE following companies saw new developments that could affect trading of their shares on Wednesday: Read more at The Business Times.
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Money FM podcast: The Hot Seat: Property & fintech industry in Myanmar vs SingaporeMelvyn Pun, CEO of Yoma Strategic Holdings and Brad Jones, CEO of Wave Money, share more about the state of the property and fintech industry in Myanmar and the similar trends between Singapore and Myanmar Read more at The Business Times.
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Brokers' take: Most brokerages maintain calls despite 77% fall in Singtel Q2 profitDESPITE posting what historical data suggests is its worst quarterly showing since 2003, analysts covering Singtel have mostly maintained their calls on the telco despite earnings for the second quarter falling short of expectations. Read more at The Business Times.
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Singtel Q2 profit plunges 77% to S$667m on absence of year-ago exceptional gainSINGTEL's second quarter net profit plunged 77 per cent to S$667 million from the previous year. This was due to a net exceptional loss of S$48 million, comprised mainly of staff restructuring costs, compared to a net gain of S$1.94 billion in the year-ago period which came mainly from the sale of units in NetLink Trust in the last corresponding quarter. Read more at The Business Times.
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SingPost Q2 profit down 12.9% to S$25.1m as one-off item weighsAN exceptional fair value loss helped to erode results for Singapore Post (SingPost) in its second quarter. Read more at The Business Times.
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Stamford Tyres Q2 FY19 net profit sinks 98.8% on higher costsTYRE and wheels distributor Stamford Tyres Corp reported second-quarter net profit of just S$19,000, a near 99 per cent year-on-year plunge from S$1.62 million in FY18, due to higher costs. Read more at The Business Times.
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Del Monte Q2 profit back in the black on one-off expenses a year agoFOOD and beverage company Del Monte posted a net profit of US$8.4 million for the second quarter ended Oct 31, a reversal of the loss of US$2.8 million from a year ago on the back of one-off expenses of US$13.1 million related to its underperforming vegetable business. Read more at The Business Times.
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CapitaLand posts 13.6% rise in Q3 profit to S$362.2mPROPERTY developer CapitaLand Limited on Wednesday posted a 13.6 per cent rise in net profit for the third quarter, on the back of higher operating profit and gains from asset recycling. Read more at The Business Times.
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