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Mapletree reported to be selling HK office property for HK$8.6bMAPLETREE Investments is said to have sold Mapletree Bay Point, its prime office property in Hong Kong, to private equity firm PAG for HK$8.58 billion (S$1.48 billion). Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Courts Asia swings to Q3 net loss of S$171,000MAINBOARD-LISTED Courts Asia posted a net loss of S$171,000 for its third quarter ended Dec 31, compared to a net profit of S$3.51 million for the same period a year ago, on the back of lower gross profit margins and revenue as well as higher income tax expenses. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
USP Group sinks into the red for Q3 with S$380,000 lossMAINBOARD-LISTED USP Group has reported a net loss of S$380,000 for the third quarter ended Dec 31, 2018, from a net profit of S$806,000 a year ago. Loss per share was at 0.48 Singapore cent, compared to earnings per share of 1.07 Singapore cents a year earlier. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Prudential Financial operating profit drops 12%[NEW YORK] Prudential Financial Inc on Thursday reported a 12 per cent drop in adjusted operating income, partly due to a loss in its individual life insurance business and declines in other units. Read more at The Business Times.
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Weak US profit picture may not be so bad: Credit SuisseAs some market watchers brace for a potential U.S. earnings recession this year, one prominent equity strategist says the picture is not as bad as ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »