Posts by Yurie Miyazawa
SIA Engineering Q3 net profit up 19.7% to S$38.2 million
SIA Engineering (SIAEC) reported that its net profit for the third quarter ended Dec 31, 2024, increased 42 per cent to S$38.2 million, compared with the same period in the previous year. The aircraft maintenance, repair and overhaul (MRO) company’s revenue was up 11.3 per cent at S$324.8 million in the same period. It posted…
Read MoreParagon Reit appoints PrimePartners as IFA for privatisation offer
PARAGON Real Estate Investment Trust (Reit) has appointed PrimePartners Corporate Finance as the independent financial adviser (IFA) for its privatisation offer, said the board via a bourse filing on Friday (Feb 14). The board – which is acting as the Reit’s manager – along with Times Properties had announced on Tuesday that it is looking…
Read MoreSingapore shares buck regional trend; STI slides 0.1%
SINGAPORE shares ended in the red on Friday (Feb 14), after hitting a record high earlier in the week. The benchmark Straits Times Index (STI) fell 0.1 per cent or 5.08 points to 3,877.50, even as most regional exchanges ended higher. Across the broader market in Singapore, advancers outnumbered decliners 349 to 219, as…
Read MoreGeopolitical concerns add to woes for pre-IPO activity, M&As for Chinese companies
GROWING geopolitical concerns from the trade tensions between the US and China are compounding an already-cautious outlook among investors on pre-listing activities and mergers and acquisitions (M&A) involving Chinese firms. Pictet Asset Management, for one, in November projected a renaissance in the number of initial public offerings (IPOs) from Asia this year, spurred mainly by…
Read MoreYahoo News signs up influencers with promise of shared advertising sales
YAHOO has signed up nearly 100 YouTube, TikTok and Instagram creators to draw traffic to its website, recognition that millions of people rely on social media influencers to stay informed. The online personalities are participating in a programme that Yahoo began last year. As part of a new homepage that debuted this month, Yahoo News launched a…
Read MoreStocks to watch: Thai Beverage, Civmec, Singapore Exchange, iFast
THE following companies saw new developments that may affect trading of their securities on Friday (Feb 14): Thai Beverage (ThaiBev): The food and drink company’s revenue grew 2.4 per cent to 92.3 billion baht (S$3.7 billion) for the first quarter ended Dec 31, 2024, compared with the year-ago period. This was driven by improved sales…
Read MoreCathay Cineplexes’ rental arrears unlikely to impact FCT’s bottom line
DELAYED rental payments by cinema operator Cathay Cineplexes to its landlord Frasers Centrepoint Trust (FCT) will not significantly impact the trust’s bottom line. Nevertheless, this could indicate a “structural issue” among cinema operators facing declining attendance at cinemas and signal the consolidation of cinemas to malls with higher footfall, said analysts. Background On Jan 28,…
Read MoreMeta opens Facebook Marketplace to rivals in EU antitrust clash
META Platforms is prying open its previously guarded Facebook Marketplace platform to a swathe of classified ads rivals, in a renewed attempt to comply with a landmark European Union antitrust order that was accompanied by a 798-million-euro (S$1.1 billion) fine. The company said on Thursday (Feb 13) that it will allow classified ad firms in…
Read MoreCivmec’s H1 FY2025 net profit falls 16.9% to A$26.5m
CONSTRUCTION and engineering services provider Civmec posted a net profit of A$26.5 million for the H1 FY2025, marking a 16.9 per cent decline from A$31.9 million in the year-ago period. The company said in a bourse filing on Thursday (Feb 13) that this was due to a lower gross margin and higher administrative expenses incurred…
Read MoreEllipsiz appoints David Lum as adviser
ENGINEERING and service solutions firm Ellipsiz will appoint businessman David Lum as an adviser. In a bourse filing on Thursday (Feb 13), the mainboard-listed group said that it entered into an advisory agreement with Lum. He will be appointed as an independent contractor to provide advisory services to the board on the company’s business activities.…
Read More