SGX Market Updates

2022-02-26 01:43:52 Ara Logos Logistics Trust, ESR-Reit to vote on merger on Mar 21
https://www.businesstimes.com.sg/companies-markets/ara-logos-logistics-trust-esr-reit-to-vote-on-merger-on-mar-21-0

UNITHOLDERS of Ara Logos Logistics Trust (ALog Trust) and ESR-Reit will convene to vote on the proposed merger of the 2 real estate investment trusts (Reits) by way of a trust scheme arrangement on Mar 21, the Reits announced on Friday (Feb 25). Open / Comment

2022-02-26 01:42:53 ST Engineering H2 profit increases 3.8%
https://www.businesstimes.com.sg/companies-markets/st-engineering-h2-profit-increases-38

FOR the second half of the financial year ended Dec 31, 2021, Singapore Technologies Engineering (ST Engineering) reported a net profit of S$274.4 million, inching up 3.8 per cent year on year from S$264.4 million. Open / Comment

2022-02-26 01:41:52 SingPost's Q3 operating profit rises 46% to S$38m
https://www.businesstimes.com.sg/companies-markets/singposts-q3-operating-profit-rises-46-to-s38m-0

SINGAPORE Post (SingPost) reported group operating profit of S$38 million for the third quarter ended Dec 31, 2021, up 46 per cent year on year from S$26 million. In a business update on Friday (Feb 25), the group said its strong performance for the quarter was driven by the year-end seasonal peak. Open / Comment

2022-02-26 01:40:52 Tough choices in the quest to go cashless
https://www.businesstimes.com.sg/brunch/tough-choices-in-the-quest-to-go-cashless-1

SEAFOOD seller Te Yong Koon has set up a Nets payment terminal at his stall at West Coast Market Square. It emits 3 loud chimes when payment is made, and the screen lights up to show the amount paid in large font – so he can see it from afar. Open / Comment

2022-02-26 01:39:52 Strategists express optimism for equities in 2022, are bullish on Singapore market
https://www.businesstimes.com.sg/companies-markets/strategists-express-optimism-for-equities-in-2022-are-bullish-on-singapore-market

THE first 2 months of 2022 have brought with them several major troubles for global markets - including the Russia-Ukraine spat, threats of higher inflation levels and interest rates, and the continued fight against the Covid-19 pandemic. But strategists reckon stocks will perform reasonably well this year, on the back of firm economic growth. Open / Comment

2022-02-26 01:38:52 5 taxi operators lodge fare adjustments with PTC
https://www.businesstimes.com.sg/companies-markets/5-taxi-operators-lodge-fare-adjustments-with-ptc

FIVE taxi operators have lodged fare increases with the Public Transport Council and have intentions to raise fares in March 2022, a PTC spokesperson said. Open / Comment

2022-02-26 01:37:52 Isetan Singapore's managing director to resign in April
https://www.businesstimes.com.sg/companies-markets/isetan-singapores-managing-director-to-resign-in-april-0

THE non-independent executive and managing director of Isetan (Singapore), Koji Oyama, will be resigning from his role after the company's annual general meeting to be held in April. Open / Comment

2022-02-26 01:36:52 Sembmarine H2 net loss widens to S$523.3m; expects better performance in FY22
https://www.businesstimes.com.sg/companies-markets/sembmarine-h2-net-loss-widens-to-s5233m-expects-better-performance-in-fy22

SEMBCORP Marine (Sembmarine) reported on Friday (Feb 25) a net loss of S$523.3 million for its second half ended December 2021, widening from a S$390.4 million loss a year earlier, as challenges from the Covid-19 pandemic weighed on its operations. Open / Comment

2022-02-26 01:35:52 CDL surprises shareholders with distribution of CDLHT units
https://www.businesstimes.com.sg/real-estate/cdl-surprises-shareholders-with-distribution-of-cdlht-units

PROPERTY and hospitality group City Developments Ltd (CDL) is proposing to reward its shareholders with a total payout of 31.1 Singapore cents for FY2021, the bulk of it from a special distribution in specie amounting to 11.7 per cent of the units in CDL Hospitality Trusts (CDLHT). Open / Comment

2022-02-25 19:50:33 ShentonWire Just tweeted ********************************************** SG briefs: Sembcorp Industries, Sovico Group, Keppel, Chip Eng Seng https://t.co/4caz3HhI7o Open / Comment