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Author: traderhub8   |   Latest post: Thu, 22 Aug 2019, 11:59 AM


Phillip Capital Morning Note - 30 Jul 2019

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Sheng Siong chalked up a 7.4 per cent year-on-year increase in net profit to S$18.4 million for the second quarter, on the back of greater revenue contributions, slight improvement in gross margin and higher other income.

Distributions per unit for Ascendas Reit in its first quarter rose marginally to 4.005 Singapore cents from 4.002 Singapore cents year-on-year on an enlarged unit base. Total amount available for distribution grew 6.3 per cent to S$124.7 million.

Delong Holdings said Monday Best Grace Holdings has renewed its conditional takeover bid to acquire all of the company’s shares at S$7.00 each. Best Grace’s previous offer was withdrawn in October 2018 as it would have needed to be raised to S$7.42 a share to be compliant with Singapore’s takeover code.

Source: SGX Masnet, The Business Times, Bloomberg, Channel NewsAsia, Reuters, PSR

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Sheng Siong 1.16 -0.02 (1.69%) 2,341 
Ascendas Reit 3.05 -0.02 (0.65%) 6,907 
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