Fewer shoppers threaten CapitaLand Mall Trust

26 Jul 2017 - Singapore Business Review
Shopper traffic slipped 0.5% QoQ. Compared to last quarter, there are fewer shoppers who flocked CapitaLand Mall Trust's malls in Q2. According to UOB Kay Hian analyst Vikrant Pandey, shopper traffic went down 0.5%. However, for the first half of the year, shopper traffic went up by 0.4% YoY to 175 million. ...

ST Engineering sets up $204.4m venture capital unit

26 Jul 2017 - Singapore Business Review
It also unveiled an open innovation lab. ST Engineering has set up a corporate venture capital unit to invest in start-ups and early stage companies, offering not just funding but also access to the Group’s established business network and distribution channels. The group has set aside US$150m ($204.4m) ...

SATS to expect fall in operating costs

26 Jul 2017 - Singapore Business Review
The group's controllable cost fell by 2.7% in the past quarter. Despite a difficult operating environment and a tight labour market, food and gateway solutions provider SATS exhibited good control as demonstrated by the 2.7% fall in its controllable cost. According to UOB Kay Hian analyst K Ajith, there ...

SIA Engineering's net profit crashes 81.8% to $36.2m

26 Jul 2017 - Singapore Business Review
Due to the lack of divestment gains it recorded last year. SIA Engineering Company's earnings for the quarter ending in June crashed by 81.8% to $36.2m, down from the $198.4m net profit it recorded last year. According to the group, last year's net profit was boosted by a gain from the divestment of ...

Frasers Centrepoint: Mega Development Northpoint City Set To Welcome Shoppers In Q4, Mall On Track For Soft Opening With Close To 90% Leased.

26 Jul 2017 - ShareInvestor Express
The largest mall in Northern Singapore will open to shoppers in the fourth quarter this year. Developed by Frasers Centrepoint Singapore, the mall is part of Northpoint City, the largest integrated development in the North, housing over 400 retail and dining outlets across two retail wings. When completed, ...

PEC: Wins 11 Workplace Safety & Health Awards.

26 Jul 2017 - ShareInvestor Express
Group is recognised by Workplace Safety and Health Council for its innovative and effective safety and health management systems...

Mapletree Industrial Trust: 1QFY17/18 DPU Grows 2.5% Year-On-Year.

26 Jul 2017 - ShareInvestor Express
Distribution per unit for 1QFY17/18 was 2.92 cents, a year-on-year increase of 2.5%. Consistent performance driven mainly by revenue contribution from Phase One of the build-to-suit development for HP Singapore. Successfully completed its largest BTS development for HP in June 2017...

Sabana REIT: Manager Waives 25% Of Its 2Q 2017 Base Fee, Reports 0.81 Cents DPU.

26 Jul 2017 - ShareInvestor Express
Amount distributable to Unitholders of S$8.6 million. 25% of base fee for 2Q 2017 waived to cushion the dilutive effect of cash payment on DPU for Unitholders. DPU of 0.81 Singapore cents for 2Q 2017 after base fee waiver of 25%. Strategic Review process is on-going, with several proposals under consideration...

Suntec REIT: 2Q 17 Distributable Income 4.3% Higher Year-On-Year.

26 Jul 2017 - ShareInvestor Express
2Q 17 Distribution Per Unit of 2.493 cents...

Suntec REIT: Acquires 50% Interest In Rare New Premium Grade Office Building In Melbourne Central Business District.

26 Jul 2017 - ShareInvestor Express
Suntec REIT's wholly-owned sub trust, Suntec REIT 477 Trust, has entered into agreements to acquire a 50% interest in Olderfleet, 477 Collins Street, a freehold land and property to be developed from Mirvac Group for a consideration of A$414.17 million. Mirvac continues to be the co-owner, with its remaining ...