Bloomberg reported on a potential IPO of Thai Beverage’s brewery business Earlier in the day, Bloomberg published a report which says that Thai Beverage is considering an initial public offering of its brewery business in what could be the biggest listing in Singapore in close to a decade. The company may seek to value the
According to various media sources, Frasers Logistic & Industrial Trust and Frasers Commercial Trust are planning to merge, as consolidation among Singapore’s real estate investment trusts (REITs) gathers pace. This will be the 4th deal this year if it happens. In January, CapitaLand Ltd strikes an SGD$6bn deal with Temasek Holdings for Ascendas Pte and
Straco’s Flyer suspended due to technical issues Straco Corp, a share that I own in my portfolio, saw its share’s declined by more than 4% when it was reported that the Singapore Flyer has suspended its operations since Nov 19 after a technical issue involving one of the spoke cables. A spokesman for the Flyer
Sembcorp Marine announced its 3Q19 results this morning. The company incurred S$53m losses in this quarter alone (3Q18 losses of S$29.8m), bringing YTD total losses to S$59m. While the losses might seem massive, management has previously guided that the company will incur significant losses in 2H19 as a result of low work load, a direct
Venture announced its 3Q19 results after market hours on 8 November. Market was not impressed despite a 5% YoY earnings growth and consequently, its shares were sold down c.6%. Several brokerage also downgraded the counter to a Neutral rating. We have previously written about Venture in our article: VENTURE CORP DECLINED BY 4% DESPITE SOLID
ST Engineering (STE) announced its 3Q19 earnings before market hours on 11 November. While its top-line was a strong 27% YoY growth, STE’s net profit only registered a dismal 3% YoY growth. This was due to a one-off provision for its Marine’s division arbitration outcome. Excluding that negative impact, earnings would have grown by 12%
Yangzijiang’s share price is currently up 7%. The company is set to report its 3Q19 results on 7th November. Is the market expecting a set of solid results from the company this coming Thursday? Yangzijiang’s share price impacted by Chairman’s investigation Share price of the counter has declined by about 40% since hitting the peak
Singapore Airlines (SIA) is set to announce its 2QFY20 results after market hours today. Here is what to expect. Passenger business SIA’s passenger business is expected to remain relatively robust. According to a UOB brokerage report on 17 October, the analyst is expecting operating improvement on both a YoY and QoQ basis for the airline.
Riverstone is one of the leading manufacturers of cleanroom and healthcare gloves in Malaysia. The company is expected to announce its 3Q19 results sometime around 1 November. After many quarters of rather lackluster results, we believe this quarter has the potential to surprise positively, particularly on the back of a low comparison base last year.
Sheng Siong is expected to report its 3Q19 results around 30 October. The company, with its defensive business model, has generally been well-liked by the market, with the exception of Maybank, which currently rates the counter a sell. Despite current market volatility induced by US-China trade tension, Sheng Siong’s domestic grocery business has been relatively
Show me the money! These are the star-making four words made popular by the 1996 film Jerry Maguire that still resonates within us after more than 2 decades. Let’s admit it. These are the words that we have always want to spew it to our bosses. ” You want me to work Overtime, SHOW ME
Quick summary In a move that caught the market by surprise, Temasek announced that it will make a partial offer to acquire an additional 30.55% of Shares in Keppel. If successful, the partial offer will result in Temasek owning an aggregate 51% of Keppel. Given that the Offer Price of S$7.35 is a hefty 26%
Quick summary: Philip Morris (PM) delivered better-than-expected 3Q19 results although its share fell after the company provided muted 4Q guidance, largely due to timing issues affecting 4Q outlook. The company’s heated-tobacco products (IQOS) were a highlight in the quarter, with management confident that the company is well on its way to hitting its unit-shipment volume
Quick Summary Keppel Corporation (Keppel), one of the largest conglomerates in Singapore, is expected to release its 3Q19 results tomorrow on 17th October 2019. Shares of Keppel (currently a shade below S$6) is hovering near its 52-weeks low of S$5.67. Should investors be looking to take a dip? Compared to Sembcorp Marine, Keppel’s price performance
Summary Straco is a tourism-related play that generates a ton of operational cash flow Not without its challenges as storm clouds remain in the horizon Attractive valuation but lacks short-term re-rating catalyst Wheeling in a Fortune? That was likely the original intention of the owner of the Singapore Flyer when they constructed the SGD240m Singapore
