Mapletree Commercial Trust's preferential offering 1.45 times subscribed

11 Nov 2019 - The Business Times
MAPLETREE Commercial Trust (MCT) has raised S$460.5 million in gross proceeds from its preferential offering, which was 1.45 times subscribed, it said on Monday night. Some 205.6 million new units will be issued on the basis of 71 new units for every 1,000 existing units in MCT. The issue price for the ...
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Singapore shares drop 0.7% on Monday after HK unrest, doubts over US-China trade deal

11 Nov 2019 - The Business Times
Local equities got the week off to a rough start after doubts emerged over US-China trade talks and tensions in Hong Kong seemed to hit fever pitch once again, with one person shot by police and another reportedly set alight by protestors. The Straits Times Index (STI) could not shrug off those concerns ...
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Vividthree posts Q2 net profit

11 Nov 2019 - The Business Times
Vividthree Holdings on Monday reported a net profit of S$208,187 for the second quarter ended Sept 30, compared to a net loss of S$456,659 a year ago. This came on the back of revenue more than doubling to S$1.8 million from S$670,800 in the previous Q2, attributed to the completion of post-production ...
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Rocky timelines for product launches plagues Venture Corp

11 Nov 2019 - Singapore Business Review
Net margins are expected to be tighter in the same period. Despite Venture Corporation’s 5.5% YoY profit growth to $85.2m in Q3, the firm’s Q4 results are projected to decline to about $80m due to delays in the launch of new product initiatives and the product transition period on that back of an uncertain ...
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Singapore stocks: STI resumes Monday afternoon down 0.63% on day

11 Nov 2019 - The Business Times
SINGAPORE stocks resumed trading on Monday afternoon in negative territory, with the Straits Times Index down 0.63 per cent or 20.41 points to 3,243.89, on the day as at 1.01pm, amid mostly weaker market performances in the Asia-Pacific. On the Singapore bourse, decliners outnumbered advancers 200 to ...
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Oei Tiong Ham Park GCB in District 10 up for sale with S$23m guide price

11 Nov 2019 - The Business Times
A GOOD class bungalow (GCB) located at Oei Tiong Ham Park – a designated GCB area – is up for sale via auction with a S$23 million guide price. The District 10 freehold property has a land size of 15,216 square feet (sq ft) and floor size of 6,000 sq ft, which works out to a price of S$1,511.57 per square ...
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Stocks to watch: DBS, Jardine C&C, EHT, Venture, ST Engineering, CapitaLand, UIC, Metro

11 Nov 2019 - The Business Times
THE following companies saw new developments that may affect trading of their securities on Monday: DBS: South-east Asia’s largest bank's net profit for its third quarter climbed 15 per cent, boosted by loan growth, record fee income and higher trading gains, it said on Monday. Net profit for the three ...
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Singapore shares decline at Monday's open; STI down 0.18%

11 Nov 2019 - The Business Times
SINGAPORE shares started the week lower, despite record-breaking sessions in the US on Friday night. The Straits Times Index lost 5.97 points or 0.18 per cent to 3,258.33 as at 9.06am. Losers edged out gainers 76 to 69, after about 151.6 million shares worth about S$88.8 million changed hands. The most ...
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EHT says 'premature' to assess sponsor's estimate of Queen Mary repair costs

11 Nov 2019 - The Business Times
EAGLE Hospitality Trust (EHT) on Sunday night said it is still "premature" to appoint its own expert to separately evaluate the costs of the maintenance of the Queen Mary floating hotel at this stage. This comes as its sponsor Urban Commons (UC) had estimated that the improvement and repair works at ...
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Daily Markets Briefing: STI down 0.65%

11 Nov 2019 - Singapore Business Review
Genting Sing saw the sharpest decline amongst top active stocks with a 2.08% fall. The Straits Times Index ended 21.42 or 0.65% lower at 3,264.30. The top active stocks were DBS, which declined 0.19%, Singtel and OCBC, which remained unchanged, UOB, which slipped 0.07%, and Genting Sing with a 2.08% ...
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