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UOL full-year profit dives 97% to S$13m; better second-half more than offsets H1 loss

Singapore Business Times (companies-markets): UOL full-year profit dives 97% to S$13m; better second-half more than offsets H1 loss UOL Group's FY20 net profit plunged 97 per cent to S$13.1 million, from S$478.8 million a year earlier.

By | February 26th, 2021|business news, News|Comments Off on UOL full-year profit dives 97% to S$13m; better second-half more than offsets H1 loss

Venture Corp H2 profit drops 8.1%

Singapore Business Times (companies-markets): Venture Corp H2 profit drops 8.1% VENTURE Corporation on Friday posted a net profit of S$166.8 million for the six months ended Dec 31, 2020, down 8.1 per cent from S$181.5 million in H2 2019.

By | February 26th, 2021|business news, News|Comments Off on Venture Corp H2 profit drops 8.1%

Olam shortlists six bourses for big IPO of food ingredients unit

Singapore Business Times (companies-markets): Olam shortlists six bourses for big IPO of food ingredients unit OLAM International has short-listed six rival exchanges including the Singapore Exchange, as a potential venue of choice for the mega listing of its giant food ingredients unit sometime in the second quarter of next year, said the firm's head honcho.

By | February 26th, 2021|business news, News|Comments Off on Olam shortlists six bourses for big IPO of food ingredients unit

NanoFilm Technologies FY2020 net profit rises 61%

Singapore Business Times (companies-markets): NanoFilm Technologies FY2020 net profit rises 61% NANOFILM Technologies posted a 61.1 per cent rise in net profit to S$57.6 million for the year ended Dec 31, 2020, in its first financial report since listing on the Singapore Exchange mainboard in Oct 2020.

By | February 26th, 2021|business news, News|Comments Off on NanoFilm Technologies FY2020 net profit rises 61%

IHH Healthcare Q4 gain up 28%, excluding exceptional items

Singapore Business Times (companies-markets): IHH Healthcare Q4 gain up 28%, excluding exceptional items MAINBOARD-listed IHH Healthcare's fourth-quarter underlying net profit was boosted by proactive cost tightening measures and better operational efficiency.

By | February 26th, 2021|business news, News|Comments Off on IHH Healthcare Q4 gain up 28%, excluding exceptional items

Hong Leong Asia’s profits up 6.5% to $155.21m in FY2020

Updates from Singapore Business Review: Hong Leong Asia's profits up 6.5% to $155.21m in FY2020 Uploaded By:  Frances Gagua Submitted By:  Frances Gagua Case Study:  No Its holding company China Yuchai International drove up revenue. Hong Leong Asia’s profits reached $155.21m in FY2020, 6.5% YoY higher than FY2019’s $145.77m, according to the company’s local bourse [...]

By | February 26th, 2021|business news, News|Comments Off on Hong Leong Asia’s profits up 6.5% to $155.21m in FY2020

Brokers’ take: Analysts raise target price on UOB as net interest margin bottoms out

Singapore Business Times (banking-finance news): Brokers' take: Analysts raise target price on UOB as net interest margin bottoms out ANALYSTS have raised target prices on UOB as they believe the bank's net interest margin has bottomed out.

By | February 26th, 2021|Banking & Finance, business news, News|Comments Off on Brokers’ take: Analysts raise target price on UOB as net interest margin bottoms out

Golden Agri posts 15% loss in 2020

Updates from Singapore Business Review: Golden Agri posts 15% loss in 2020 Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No The Indonesian agriculture firm expects the demand in palm oil to recover in 2021. In a disclosure to the bourse, Golden Agri-Resources reported a net profit of US$230m for the full eyar [...]

By | February 26th, 2021|business news, News|Comments Off on Golden Agri posts 15% loss in 2020

How higher investment returns and sustainability go hand-in-hand

Updates from Singapore Business Review: How higher investment returns and sustainability go hand-in-hand Uploaded By:  Frances Gagua Submitted By:  Frances Gagua Case Study:  No Half of Singaporeans believe they’ll need to compromise returns, but St James’s Place’s Robert Gardner says otherwise. Coca-Cola. Shell. Exxon. Levi’s Jeans. One of these are not like the others—and knowing [...]

By | February 26th, 2021|business news, News|Comments Off on How higher investment returns and sustainability go hand-in-hand

CDL suffers $1.9b loss in H2 2020

Updates from Singapore Business Review: CDL suffers $1.9b loss in H2 2020 Uploaded By:  Paul Howell Submitted By:  Paul Howell Case Study:  No The property firm's revenue fell by 38.5% for FY 2020. City Developments Limited reported a $1.9b loss in the second half of 2020. According to the property firm, significant loss was attributable [...]

By | February 26th, 2021|business news, News|Comments Off on CDL suffers $1.9b loss in H2 2020