Posts by Stephanie Irvin
Stocks to watch: MIT, Clas, Suntec Reit, Keppel DC Reit, iFast, First Reit
THE following companies saw new developments that may affect trading of their securities on Friday (Jul 26): Mapletree Industrial Trust (MIT): The real estate investment trust (Reit) registered a 1.2 per cent increase in distribution per unit (DPU) to S$0.0343 in its first quarter ended Jun 30, 2024, from S$0.0339 in the year-ago period. Revenue…
Read MoreCapitaLand Ascott Trust H1 DPS falls 8% to S$0.0255
CAPITALAND Ascott Trust (Clas) posted an 8 per cent drop in distribution per stapled security (DPS) to S$0.0255 for the first half ended Jun 30, from S$0.0278 in the year-ago period. On Friday (Jul 26), the managers attributed this decline mainly to the depreciation of foreign currencies against the Singapore dollar. DPS inched down by…
Read MoreBiggest IPO in Japan of 2024 offers innovative fix to job crunch
THE developer of an innovative job matchmaking app helping Japan tackle its severe labour shortage goes public on Friday (Jul 26) following the nation’s largest initial public offering (IPO) so far this year. Timee is listing on the Tokyo Stock Exchange’s Growth market section at an expected market value of about 138 billion yen (S$1.2…
Read MoreStamford Land takes out shareholders’ loans for UK property
These were procured after considering the company’s cash position, funding requirements STAMFORD Land on Thursday (Jul 25) announced an interested persons transaction in taking out shareholders’ loans totalling about S$413.5 million in relation to the acquisition of the 8 Finsbury Circus property. These loans were provided by Stamford FC, a subsidiary of Stamford Land, and…
Read MoreSuntec Reit DPU falls 12.5% to S$0.03042 due to lack of capital distribution
SUNTEC Real Estate Investment Trust (Suntec Reit) recorded a distribution per unit (DPU) of S$0.03042 in the six months ended Jun 30, 2024, marking a 12.5 per cent fall on year. DPU was S$0.03476 in the corresponding year-ago period. Its manager on Thursday (Jul 25) evening attributed the fall mainly to the absence of distribution…
Read MoreYen surges as traders brace for interest rate shift while risk mood sours
THE yen rallied for a fourth consecutive day on Thursday (Jul 25), reaching a six-week high, as traders ditched their long-running bets against the currency and a plunge in global stocks drove investors towards traditionally safe assets. “This is a case of so many people all trying to find the door all at the same…
Read MoreGrab’s acquisition of Chope is just the latest of its efforts to build an F&B presence beyond delivery
GOING out for the night or getting dinner delivered – these might be contrasting choices, but the Grab app wants to be part of both of them. At Clarke Quay MRT station, a buzzy, neon-lit sign announces “GrabFood Dine Out Deals in bars 24/7”. Commuters arriving at the station in the nightlife district are greeted…
Read MoreIndian banks selling retail loan portfolios as deposits lag
INDIA’S private banks are selling portfolios of retail loans as regulators pressure them to improve credit-deposit ratios. India’s largest lender, HDFC Bank, sold a 50 billion rupee (S$802 million) loan portfolio to an undisclosed buyer in June, chief financial officer Srinivasan Vaidyanathan said in a post-earnings media call last week. “We did see a…
Read MoreTreasury, finance functions gain importance in corporate strategy: DBS survey
MULTINATIONAL companies’ treasury and finance functions are moving away from mere supporting roles to strategic leadership amid a rapidly evolving business landscape, based on DBS’ survey released on Thursday (Jul 25). Tan Su Shan, group head of institutional banking at DBS, said treasury and finance teams are uniquely positioned to enhance a company’s strategic planning,…
Read MoreCordlife’s overseas units obtain re-accreditations
CORDLIFE on Thursday (Jul 25) said its Hong Kong and Malaysian subsidiaries received re-accreditations from the Association for the Advancement of Blood & Biotherapies. The association sets standards for blood banking, transfusion medicine, blood management and cellular therapies. Cordlife Hong Kong obtained its seventh re-accreditation, while Malaysia-based StemLife received its fourth, said the group. StemLife…
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