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SGX:S08

6 stories mentioning SGX:S08Updated 18d ago

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Asia Markets

Singapore Shares Incur Losses Despite Regional Uplift Over Decline in Crude Oil Prices

Singapore shares closed in the red zone on Wednesday, despite improved investor sentiment across the region over declining crude oil prices and reduced pessimism over quickening inflation.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,710.40 and 5,745.23 throughout the day. It ended the session at 5,721.59, down 14.09 points or 0.3% compared to Tuesday's close.On the corporate front, shares of Penguin International (SGX:BTM) surged over 9% at the close as it secured a turnkey contract by the Singapore Ministry of Defense for the design, engineering and construction of two landing craft for the Republic of Singapore Navy.Singapore Post (SGX:S08) closed over 3% higher as its operating profit surged 55% during the fiscal first quarter ended June 30 to SG$4.1 million from SG$2.6 million a year earlier.Meanwhile, shares of Shangri-La Asia (SGX:S07, HKG:0069) were up nearly 3% at the close as its subsidiary, Edsa Shangri-La Hotel & Resort, has exercised its right to renew the land lease for the Edsa Shangri-La Hotel in Manila for another three years.

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Asia

Singapore Post's Operating Profit Jumps 55% in Fiscal Q1

Singapore Post's (SGX:S08) operating profit surged 55% during the fiscal first quarter ended June 30 to SG$4.1 million from SG$2.6 million a year earlier, according to a Wednesday filing with the Singapore Exchange.Revenue edged down 0.9% year over year to SG$93.4 million from SG$94.2 million.Shares of the logistics provider were up over 3% in recent trading.

SGX:S08
Asia Markets

Singapore Shares Incur Losses as US Carries Out Strikes on Iran

Singapore shares closed in red on Wednesday, losing more than 1%, tracking regional losses as investor sentiment took a hit following a series of strikes on Iranian military sites by the US following the downing of an American helicopter.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,939.53 and 5,015.17 throughout the day. It ended the session at 4,958.85, down 64.40 points or 1.3% compared to Tuesday's close.On the corporate front, shares of Wee Hur Holdings (SGX:E3B) were up over 2% at the close as the developer acquired a 26-story office tower in Hong Kong named One Bedford Place.Pan-United's (SGX:P52) shares were down over 1% as its subsidiary, AiR Digital Solutions, secured an ISO/IEC certification for its AI-powered operations management platform.Meanwhile, Singapore Post (SGX:S08) unveiled a SG$30 million automated sortation hub at the Tampines Regional eCommerce Logistics Hub.

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Asia

Singapore Post Launches SG$30 Million Automated Sortation Hub

Singapore Post (SGX:S08) unveiled a SG$30 million automated sortation hub at the Tampines Regional eCommerce Logistics Hub, according to a company release on Tuesday.Shares of the e-commerce and logistics company were up nearly 2% in Wednesday trading.The introduction of a 3D sorter and an intelligent flexi sorter will increase the company's small and medium parcel capacity to 300,000 parcels per day, and take the daily throughput to around 400,000 parcels per day.The company is also planning to roll out its SingPost@MyBlock by Sept. 30, following successful trials.

SGX:S08
Asia

Singapore Shares Edge Lower Amid Regional Foreign Exchange Reserve Slump

Singapore shares ended in the red zone on Thursdaay once more, as investors weighed a volatile geopolitical landscape against a backdrop of shrinking foreign exchange reserves across Asian markets.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,980.53 and 5,015.09 throughout the day. It ended the session at 4,995.94, down 8.02 points or 0.2% compared to Wednesday's close.On the corporate front, shares of AEM (SGX:AWX) surged nearly 19% at the close as the semiconductor solutions provider reported a 329% increase in its net profit during the first quarter of the year to SG$14.3 million from SG$3.3 million a year earlier.Singapore Post's (SGX:S08) shares closed over 5% lower, as its attributable profit to equity holders fell 82% in the fiscal second half ended March 31 to SG$41.2 million from SG$222.5 million a year earlier.Meanwhile, shares of Wee Hur (SGX:E3B) were down over 1% even as the company's private residential development in Singapore, Bartley Vue, secured a temporary occupation permit.

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Asia

Singapore Post's Attributable Profit Declines 82% in Fiscal H2; Shares Down 5%

Singapore Post's (SGX:S08) attributable profit to equity holders fell 82% in fiscal second half ended March 31 to SG$41.2 million from SG$222.5 million a year earlier, according to a Thursday filing with the Singapore Exchange.Earnings per share from continuing and discontinued operations, including distribution to perpetual securities holders, dropped to SG$0.0183 compared with SG$0.0989 in the year-ago period.Revenue was down 18% year over year to SG$187.6 million from SG$229.5 million, mainly due to lower revenue from the logistics and letters division.The board recommended a final dividend of SG$0.0006per share for the period, taking the total dividend for fiscal 2026 to SG$0.0014 per share. The board also recommended a supplemental dividend of SG$0.0041 per share.Shares of the city-state's postal services provider were down over 5% in Thursday trading.

SGX:S08

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