Golden Agri records better performance on higher CPO prices: analyst

3 Mar 2021 - Singapore Business Review
It has posted a 15% drop in its FY2020 net profit to US$230m. Golden Agri-Resources (GAR) has registered a 15% decline in its net profit for FY2020 to US$230m, the company said in a bourse filing. CEO and chairman Franky Widjaja said the company expects to further recover in 2021, whilst anticipating ...
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MAS bans four individuals for market misconduct

3 Mar 2021 - Singapore Business Review
They have also been convicted. The Monetary Authority of Singapore has issued prohibition orders (POs) against four individuals convicted for market misconduct. They are Lau Wen Hang, former CGS-CIMB Securities remisier; Yeo An Lun, former Prudential Assurance Singapore representative; Goh Qi Rui Rayson, ...
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Netlink NBN continues upward trajectory through 2022: OCBC

2 Mar 2021 - Singapore Business Review
Company revenue projected to reach $396.7m next year. Netlink NBN Trust revenues will continue to soar through 2022 despite revenue dipping by 0.5% YoY for 9MFY21, according to an investment research by OCBC. The research said the slight decrease was due to lower installation-related revenues but was ...
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Seven plantation-based stocks on SGX enjoy strong gains

26 Feb 2021 - Singapore Business Review
Wilmar was declared fifth most-traded stock overall on SGX. Seven stocks with businesses include plantation have averaged 25% gains in 2021 YTD, bringing their average 12-month total return to 58%, according to a market update from the Singapore Exchange (SGX). These stocks include Wilmar, Golden Agri-Res, ...
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Look beyond CapitaLand's FY2020 headline figures: analysts

26 Feb 2021 - Singapore Business Review
OCBC Investment Research and RHB gave a 'buy' recommendation for CapitaLand. CapitaLand Limited has reported a $1.57b net loss for FY 2020, due mainly to the revaluation of investment properties and impairments of projects and equity investments. Operating profit after tax and minority interests (PATMI) ...
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Starhub lower YoY contributions, sequential improvements noted: analyst

25 Feb 2021 - Singapore Business Review
The company’s Q4 2020 revenue fell 5% YoY to $579.5m. Starhub recorded a 5% YoY fall in its Q4 2020 revenue to $579.5m largely due to lower contributions from mobile, pay TV and sales of equipment, partially offset by higher revenues from broadband and enterprise business, according to a research from ...
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SembMarine losses likely to continue, ‘multiple headwinds' ahead: analyst

25 Feb 2021 - Singapore Business Review
The group recorded a net loss of $583m for FY2020. The recovery of marine and offshore engineering group Sembcorp Marine (SembMarine) is still a long way off amidst a challenging environment in the industry, according to OCBC Investment Research (OIR). SembMarine recorded a 47.6% drop in revenue to $1.5b ...
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ComfortDelGro recovery underway: analysts

18 Feb 2021 - Singapore Business Review
The group recorded a net profit of $61.8m for 2020. ComfortDelGro (CDG) has recorded a net profit of $46.1m in Q4 2020, bringing the full-year net profit to $61.8m, with lower revenue and impairments offset by government reliefs in the full year. The research team at OCBC Investment Research (OIR) is ...
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Far East Hospitality Trust DPU fell 36.7% YoY in 2020

17 Feb 2021 - Singapore Business Review
OCBC Investment Research gave the trust a 'buy' recommendation. Far East Hospitality Trust (FEHT) has recorded a distribution per unit (DPU) of 2.41 Singapore cents in 2020, 36.7% down YoY from the previous year’s 3.81 Singapore cents, the company has announced. Total distributable income during the ...
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Chinese tech firms to alleviate consolidation of office spaces

16 Feb 2021 - Singapore Business Review
Companies are still evaluating their long-term real estate space requirements. Office property activity may be revived as Chinese technology companies gain entry and expand in Singapore, according to OCBC. The firm said Chinese technology entering Singapore market could alleviate some pressure from the ...
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