Eurosports & GMG Global: Issue profit warnings. Two Singapore-listed companies on Monday warned ahead of their earnings announcements that they would be making losses. Ultra-luxury and luxury car distributor EuroSports Global said that based on its preliminary assessment, it expects to report a loss for its half- year ended 30 Sep 14. (Source: The Business Times)
Keppel Land: SM-KL project in Manila enters Phase 2. Keppel Land is moving into the second phase of its SM-KL project in the Philippines - a joint venture between Keppel Philippine Properties and Banco de Oro (BDO), the banking arm of the SM Group. This second phase comprises a 42-storey office building and an extension of an existing five-storey retail component called The Podium. This phase's construction cost comes up to S$336m. (Source: The Business Times)
Lian Beng: 1QFY15 net profit surges 59% to S$11.97m. Lian Beng Group enjoyed a 58.5% surge in net profit to S$11.97m for its fiscal first quarter ended Aug 31, on the back of strong construction orders previously clinched. Group revenue rose 10.8% to S$167.64m over the same period, due mainly to an increase in revenue generated from the construction segment and workers' dormitory business, which more than offset the decrease in revenue in the ready-mixed concrete segment. (Source: The Business Times)
SPH Reit: 4Q DPU beats IPO forecast by 6.1%. The real estate investment trust, which is majority owned by media group Singapore Press Holdings, achieved an income distributable to unitholders of S$34.9m for the 4Q ended Aug 31, 2014. This translates to a distribution per unit (DPU) of 1.39 S cents for the quarter - 6.1% higher than forecast in its IPO. (Source: The Business Times)
SembcorpMarine: Jurong Shipyard wins US$696m contract. Jurong Shipyard, a wholly owned subsidiary of Sembcorp Marine (Sembmarine), has won a US$696m deal to convert a shuttle tanker into a floating, production, storage and offloading (FPSO) vessel for OOGTK Libra GmbH & Co KG - a JV between Brazil's Odebrecht Oil & Gas and Teekay Offshore. (Source: The Business Times)
Retail Market Monitor Tuesday, 14 October 2014
www.utrade.com.sg
Keppel Land: SM-KL project in Manila enters Phase 2. Keppel Land is moving into the second phase of its SM-KL project in the Philippines - a joint venture between Keppel Philippine Properties and Banco de Oro (BDO), the banking arm of the SM Group. This second phase comprises a 42-storey office building and an extension of an existing five-storey retail component called The Podium. This phase's construction cost comes up to S$336m. (Source: The Business Times)
Lian Beng: 1QFY15 net profit surges 59% to S$11.97m. Lian Beng Group enjoyed a 58.5% surge in net profit to S$11.97m for its fiscal first quarter ended Aug 31, on the back of strong construction orders previously clinched. Group revenue rose 10.8% to S$167.64m over the same period, due mainly to an increase in revenue generated from the construction segment and workers' dormitory business, which more than offset the decrease in revenue in the ready-mixed concrete segment. (Source: The Business Times)
SPH Reit: 4Q DPU beats IPO forecast by 6.1%. The real estate investment trust, which is majority owned by media group Singapore Press Holdings, achieved an income distributable to unitholders of S$34.9m for the 4Q ended Aug 31, 2014. This translates to a distribution per unit (DPU) of 1.39 S cents for the quarter - 6.1% higher than forecast in its IPO. (Source: The Business Times)
SembcorpMarine: Jurong Shipyard wins US$696m contract. Jurong Shipyard, a wholly owned subsidiary of Sembcorp Marine (Sembmarine), has won a US$696m deal to convert a shuttle tanker into a floating, production, storage and offloading (FPSO) vessel for OOGTK Libra GmbH & Co KG - a JV between Brazil's Odebrecht Oil & Gas and Teekay Offshore. (Source: The Business Times)
Retail Market Monitor Tuesday, 14 October 2014
www.utrade.com.sg
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