Ascendas Real Estate Investment Trust (A-REIT) was highlighted by UBS as one of the preferred REIT that was expected to do well due to its “resilient earnings and sustainable dividends”.
What comes to mind when I mention curry puffs? If you thought of our very own homegrown brand Old Chang Kee (OCK), you are not alone. Though primarily known for its delicious curry puffs, OCK also carries many other brands under its wings, for example Dip n Go, Mushroom Cafe, and Curry Times.
Golf may be viewed as a “rich man’s game” in Singapore - a sport that not many Singaporeans take part in. However, even if one does not play golf, it is still possible to make money out of investing in a business related to golf and, in this issue, we are going to take a look at Accordia Golf Trust (AGT).
Singapore’s food and beverage (F&B) industry contributed about $14.4 billion to the nation’s gross domestic product, according to a report by Food Industry Asia.
Yoma Strategic Holdings (Yoma) recorded a healthy revenue growth of 11 percent to $124.2 million for FY17, underpinned by the strong performance of the group’s non-real estate businesses.
mm2 Asia has announced a 130.1 percent increase in FY17 net profit to $18.8 million on the back of significant increase in the group’s core business.
Over the course of 1Q17, indices appear to be gaining the market’s attention. Specifically amongst Asian bourses, the local Straits Times Index (STI) had risen to be one of the top performers, ending the first quarter up 10.2 percent and printing the best quarterly performance since 2012.
Business Times Singapore reported a few hours earlier: "Noble Group: Many shareholders of the commodity trader walked out of its special general meeting on Friday in protest against its share consolidation move, after their request to have the resolution postponed was rejected. Still, the resolution was passed, with 99.73 percent of votes cast in favour of it."
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In a reverse takeover (RTO) move, Mainboard-listed VGO Corp issued 1.2 billion shares at 32.5 cents each, or $386 million in total, to Malaysia-based Hatten Group whereby the latter will own 92.8 percent of the Singapore-listed entity. The Hatten Group is owned by the Tan Brothers, Dato Colin Tan and Dato Edwin Tan.