SGX:BTG

5 stories mentioning SGX:BTGUpdated 23d ago

Every FINWIRES story that references SGX:BTG, newest first.

Singapore Shares Close Higher Despite AI Concerns Linger

Singapore shares closed in the green on Friday despite broader regional losses as investors remained skeptical over potential returns from the spending on AI stocks.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,539.54 and 5,588.34 throughout the day. It ended the session at 5,588.34, up 6.58 points or 0.1% compared to Thursday's close.On the corporate front, shares of Centurion (SGX:OU8) were down nearly 2% at the close as its subsidiary, Westlite Juniper (Mandai), accepted an offer from JTC Corp. to extend the tenancy of premises at 1A Tuas Avenue 2 Dormitory in Singapore.ESR REIT (SGX:J91U) agreed to acquire a 100% stake in a freehold logistics property located in Melbourne, Australia, for AU$52.5 million.Meanwhile, HG Metal Manufacturing (SGX:BTG), along with unnamed joint venture partners, submitted a tender called by Singapore's National Environment Agency for the development and operation of a metal recovery facility.

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Asia23d ago

HG Metal Manufacturing, JV Partners Submit Joint Bid for Singapore Metal Recovery Facility

HG Metal Manufacturing (SGX:BTG), along with unnamed joint venture partners, submitted a tender called by Singapore's National Environment Agency for the development and operation of a metal recovery facility, according to a Thursday bourse filing.The partners intend to establish an entity to develop, design, build and operate the project, in which the company will have a 51% controlling stake.The steel products trader and manufacturer did not provide the terms of the tender proposal, tying the disclosure to the success of the bid.

SGX:BTG

Asia31d ago

Singapore Shares Sink, Track Regional Losses Over AI Trade Concerns

Singapore shares plunged on Thursday, tracking regional losses as investor confidence was weighed down by concerns over AI trade, coupled by continued tensions in the Middle East.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,514.30 and 5,551.25 throughout the day. It ended the session at 5,539.38, down 20.34 points or 0.4% compared to Wednesday's close.On the corporate front, shares of HG Metal Manufacturing (SGX:BTG) closed over 2% higher as it agreed to extend the long stop date for acquiring a property at 47 Tuas View Circuit in Singapore to Sept. 16.Lum Chang Creations (SGX:LCC) was down nearly 3% at the close with the company expecting to book a "significant increase" in its net profit for the fiscal year ended June 30, compared to a year earlier.Meanwhile, A consortium comprising Frasers Property (SGX:TQ5), Frasers Centrepoint Trust (SGX:J69U), Sunway MCL (KLSE:5211), Sekisui House (TYO:1928) and Lum Chang Building Contractors has emerged as the top bidder for the Bayshore Drive Government Land Sales site in Singapore.

^STISGX:BTGSGX:LCCSGX:TQ5

Asia31d ago

HG Metal Manufacturing Extends Long Stop Date to Acquire Singapore Property

HG Metal Manufacturing (SGX:BTG) has agreed to extend the long stop date for acquiring a property at 47 Tuas View Circuit in Singapore to Sept. 16, according to a Wednesday filing with the Singapore Exchange.The long stop date has been extended to facilitate the fulfilment of the required conditions for the acquisition, including obtaining approval from the government agency JTC.The company can extend the long stop date further by around a month if the Sept. 16 deadline is not met.

SGX:BTG

Asia100d ago

HG Metal Manufacturing's Net Profit Slips 4% in Fiscal H1

HG Metal Manufacturing's (SGX:BTG) net profit declined 4% in the fiscal first half ended March 31 to SG$6.0 million from SG$6.3 million a year earlier, according to a Friday filing with the Singapore Exchange.Earnings per share dropped to SG$0.0219 compared with SG$0.0257 in the year-ago period.Revenue fell 5% year over year to SG$81.0 million from SG$85.4 million.

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