Genting Singapore may shell out $1b in FY2019 capex: analyst

6 Aug 2019 - Singapore Business Review
The firm is likely to incur $250m per quarter for land acquisition alone. As Genting Singapore undertakes $4.5b revitalisation project of Resort World Sentosa, the company may incur around $800m-$1b in related land acquisition costs, according to DBS Equity Research which revised the firm's estimated ...
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Genting Singapore profits dipped 5% to $373.6m in H1

6 Aug 2019 - Singapore Business Review
This was partly due to slower mass gaming business. Genting Singapore profits continued to fall steadily throughout the first half of the year as earnings fell 5% YoY to $168.1m in Q2 from $177.6m last year, an announcement revealed. Revenue for the same period rose 14% YoY to $636.8m from $560.3m previously. ...
klse:3182 sgx:g13

Japan integrated resort wins could seal quicker turnaround for Genting Singapore

27 Jun 2019 - Singapore Business Review
Projects in Osaka and Yokohama could yield an aggregate EBITDA of $2.52b by FY 2026. A regional win in Japan to develop an integrated resort (IR) could see an earlier payback period of nine years given the relatively smaller capex commitment for Genting Singapore, a report by CGS-CIMB revealed. An urban ...
klse:3182 sgx:g13

Quick take: Top Glove shares under pressure after weaker earnings

18 Jun 2019 - The Star Online
KUALA LUMPUR: Top Glove Group's share price fell to a more than a month's low of RM4.73 in afternoon trade on Tuesday after its reported a weaker set of earnings in the third quarter ended May 31, 2019. At 3.37pm, the world's largest glove maker saw its share price fall by 27 sen to RM4.37. It fell to ...
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SBS Transit, SMRT Trains and ST Engineering team up to upgrade rail maintenance

18 Jun 2019 - Singapore Business Review
They will facilitate efforts to improve electronic card repair and diagnostic support, amongst others. SBS Transit (SBST), SMRT Trains and ST Engineering have partnered up to share engineering knowledge and capabilities in various areas to add depth and breadth to Singapore’s rail maintenance capabilities, ...
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Sia: Semiconductor test equipment industry outlook uncertain

7 Jun 2019 - The Star Online
GEORGE TOWN: The outlook for the semiconductor test equipment industry for the second half of 2019 is plagued with uncertainties, stemming from the ongoing US-China trade war. MMS Ventures Bhd managing director T.K. Sia (pic) said many smart devices, automotive companies and semiconductor companies have ...
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Malaysia-Norway Pan-Asian telecoms giant in the making

7 May 2019 - The Star Online
KUALA LUMPUR: Two rivals – Axiata Group Bhd and Norway’s Telenor ASA – are proposing to combine their assets in Asia and South Asia to create a telecoms giant to weather tough market conditions with scale and synergy. This non-cash deal will see them creating a new company with over 300 million customers ...
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GuocoLand's profits fell 12% to $35.01m in Q3

26 Apr 2019 - Singapore Business Review
Lower sales of completed condo units continued to drag on earnings. GuocoLand’s profit continued to take a hit from low sales as it slipped 12% YoY to $35.01m in Q3 from $39.61m in 2018, extending the 84% downward spiral it experienced in Q2, an announcement revealed. On the other hand, its revenue jumped ...
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GuocoLand to spend US$1.8b on mixed-use Singapore project

22 Apr 2019 - The Star Online
SINGAPORE: Singapore developer GuocoLand Ltd. plans to spend S$2.4 billion ($1.8 billion) on a new mixed-use development on the fringe of the central business district. An office tower will be the largest component of the Guoco Midtown project with 770,000 square feet spread across 30 floors. The residential ...
klse:1503 sgx:f17

Maybank kills collaboration agreement with Tuaspring and Hyflux

22 Apr 2019 - Singapore Business Review
The bank will appoint receivers and managers over the assets of Tuaspring, save for its desalination plant and shared infrastructure. Maybank has ended a collaboration agreement with Tuaspring and Hyflux in the latest fallout from the embattled water and power company, an announcement revealed. Pursuant ...
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