Posts by Mark Darwin
Netflix talks to investors for possible first blue-chip bond
NETFLIX is testing potential investor interest for its first investment-grade bond sale that would help refinance US$1.8 billion of maturities, according to sources with knowledge of the matter. The sale is expected to include notes maturing in at least ten years or longer said the sources, who asked not to be identified because the discussions…
Read MoreStocks to watch: Keppel Reit, Sheng Siong, Clint, Far East Hospitality Trust, CDLHT
THE following companies saw new developments that may affect trading of their securities on Tuesday (Jul 30): Keppel Real Estate Investment Trust (Reit): Its manager on Tuesday announced a 3.4 per cent year-on-year decrease in distribution per unit (DPU) of S$0.028 for the half year ended June. Distributable income for the period dropped 1.9 per…
Read MoreCapitaLand China Trust H1 DPU falls 19.5% to S$0.0301 on lower revenue
REAL estate investment trust (Reit) CapitaLand China Trust’s (CLCT) manager on Tuesday (Jul 30) announced that the Reit’s distribution per unit (DPU) declined by 19.5 per cent to S$0.0301 for the first half ended Jun 30, from S$0.0374 in the corresponding year-ago period. This was due to decreased gross revenue for the period, which came…
Read MoreKeppel Reit reports 3.4% lower H1 DPU of S$0.028
KEPPEL Reit’s distribution per unit (DPU) fell by 3.4 per cent to S$0.028 for its first half-year ended June, from S$0.029 the year before. Property income was up 8.9 per cent year on year at S$125.1 million for H1, from S$114.9 million. Net property income (NPI) grew 7.7 per cent to S$96.8 million from S$89.9…
Read MoreUS IPO market to slow after Lineage, with quiet summer ahead
THE pricing of Lineage’s US$4.4 billion first-time share sale helped make last week into the busiest for United States initial public offerings (IPOs) in two and a half years. That excitement will be short-lived, according to bankers, who predict the rest of the summer will be more subdued. There was US$6.1 billion worth of IPO…
Read MoreEther ETFs see US$340 million outflow in first week of trading
THE nine US exchange-traded funds (ETFs) holding the Ethereum cryptocurrency saw outflows of US$340 million during their first week of trading as investors pulled money daily from a high-fee legacy product that was converted to an exchange-traded fund. The eight new Ether ETFs minted following last week’s approval from the US Securities and Exchange Commission…
Read MoreFewer phishing, infected infrastructure, website defacement incidents reported to CSA in 2023
THE Cyber Security Agency of Singapore (CSA) recorded a drop in the number of instances of phishing, infected infrastructure and website defacements year on year in 2023, although it noted that the absolute number of such incidents remained high. As part of its Singapore Cyber Landscape 2023 report released on Tuesday (Jul 30), the agency…
Read MoreCapitaLand Ascott Trust prices S$150 million of perpetuals at 4.6%
HOSPITALITY player CapitaLand Ascott Trust (Clas) has priced S$150 million in perpetual securities at 4.6 per cent, it announced on Monday (Jul 29). The issuance is expected to be on or around Aug 7. The move is part of Clas’ S$2 billion multicurrency debt issuance programme established in September 2009. OCBC has been appointed the…
Read MoreSheng Siong H1 net profit up 7% on higher revenue
SUPERMARKET chain Sheng Siong posted a 7 per cent increase in net profit to S$69.9 million for the first half ended Jun 30, from S$65.4 million the year before. Revenue grew 3.4 per cent year on year to S$714.2 million, driven by a longer sales period before the Chinese New Year, Sheng Siong said on…
Read MoreStarhill Global Reit posts 6.6% lower H2 DPU of S$0.0185
STARHILL Global Reit posted a distribution per unit (DPU) of S$0.0185 in the second half ended Jun 30, 2024, down 6.6 per cent from the same period a year before. The manager on Monday (Jul 29) attributed the drop in DPU to weaker foreign currencies, higher net finance costs and taxes, as well as a…
Read More