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SGX:O10

7 stories mentioning SGX:O10Updated 20d ago

Every FINWIRES story that references SGX:O10, newest first.

Asia

Singapore Shares Surge as US, Iran Pause Attacks

Singapore shares surged on Monday, tracking broader regional gains as the US and Iran paused attacks on one another for a second consecutive day.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,549.18 and 5,620.68 throughout the day. It ended the session at 5,620.24, up 31.90 points or 0.6% compared to Friday's close.On the corporate front, shares of Raffles Medical (SGX:BSL) dropped over 4% at the close as its attributable profit to owners dropped 9.6% during the first half of the year to SG$29.0 million from SG$32.1 million a year earlier.iFast's (SGX:AIY) shares closed nearly 3% lower as its net profit after tax rose 35% in the second quarter of the year to SG$29.8 million from SG$22.1 million a year earlier.Far East Orchard's (SGX:O10) 239-bed purpose-built student accommodation development in Manchester, UK, has secured a Gateway 2 approval.

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Asia

Far East Orchard Wins Gateway 2 Nod for 239-Bed Manchester Student Accommodation

Far East Orchard's (SGX:O10) 239-bed purpose-built student accommodation development in Manchester, UK, has secured a Gateway 2 approval, according to a Monday filing with the Singapore Exchange.The approval will allow the real estate company to commence construction, with development targeted for completion in 2028.The development will be carried out by Far East UK Student Accommodation Development Fund.Shares of the company were down nearly 3% in Monday's trading.

SGX:O10
Asia

Singapore Shares Incur Losses as Oil Prices Surge; IREIT Global Down 5%

Singapore shares incurred losses on Monday as the Middle Eastern conflict continued to impact oil prices.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,486.50 and 5,541.82 throughout the day. It ended the session at 5,498.95, down 10.48 points or 0.2% compared to Friday's close.On the corporate front, shares of IREIT Global (SGX:UD1U) closed over 5% lower as its subsidiaries that hold the Berlin Campus in Germany, submitted a statement of defense to the Regional Court, in response to a statement of claim filed by DRV, a former tenant.Shares of CapitaLand Integrated Commercial Trust (SGX:C38U) were down nearly 1% at the close as it signed a lease agreement with City Energy for units at The Atrium@Orchard.Meanwhile, Far East Orchard (SGX:O10) disclosed the Singapore Court of Appeal on Friday ruled that an equitable rescission claim against its associated company, FEOpus, will proceed to trial.

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Asia

Singapore Court Court Allows Claims Against Far East Orchard's Associate Company to go to Trial

Far East Orchard (SGX:O10) said the Singapore Court of Appeal on Friday ruled that an equitable rescission claim against its associated company, FEOpus, will proceed to trial, according to a Monday filing to the Singapore stock exchange.As per the filing, the six remaining claimants are seeking the return of over SG$20.2 million or alternative damages. The company's interest in the damages, if granted, would be 20%, in line with the stake it holds in FEOpus.In June 2024, FEOpus was served with claims by 13 unit owners regarding the SBF Center commercial development. Subsequently, seven of the claimants withdrew from the case."As the claims will proceed to trial and proceedings are still in the early stages, the way the proceedings will develop and the outcome of the proceedings remain uncertain," the company said.

SGX:O10
Asia

Far East Orchard in Talks to Buy London Property

Far East Orchard (SGX:O10) is in talks to acquire a student accommodations site in London, according to a Monday filing on the Singapore bourse.The nonbinding heads of terms for the property in Borough High Street and Harper Road was signed by the real estate group's Far East Orchard Investment Holdings subsidiary and Unite Students' LDC (Portfolio).

SGX:O10
Asia

Coliwoo Appoints New CFO

Coliwoo (SGX:W8W) named Tok Pei Jun as the company's new chief financial officer, effective July 1, according to a same-day filing with the Singapore Exchange.Jun previously served as the group financial controller for Far East Orchard (SGX:O10) from September 2019 to May 2026.

SGX:O10SGX:W8W
Asia

Far East Orchard Flags Lower Profit After Tax in Q1

Far East Orchard (SGX:O10) flagged a year-over-year decline in first-quarter profit after tax, while operating profit increased slightly.The Singapore-listed real estate developer attributed the decrease to the absence of a SG$9.1 million one-off gain in the year-ago period and higher tax expenses, according to a Thursday filing.The company also noted a highly uncertain operating environment, adding that it does not expect a significant near-term impact from rising energy prices but warned of pressure on margins if it and higher labor costs persist.

SGX:O10

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