SGX:TQ5

4 stories mentioning SGX:TQ5Updated 27d ago

Every FINWIRES story that references SGX:TQ5, newest first.

Frasers Property to Divest Stakes in European Properties for EUR215 Million

Frasers Property's (SGX:TQ5) subsidiaries, Frasers Property Investments (Europe) and FPE Investments RE11, signed a conditional share purchase agreement with FLT Europe to divest their stakes in four property holding companies in Germany and the Netherlands for 214.9 million euros in cash.Shares of the property developer were down nearly 1% in Tuesday trading.FLT Europe is a subsidiary of Frasers Logistics & Commercial Trust (SGX:BUOU), while the four property holding companies own four logistics properties, according to a Monday bourse filing.The disposal is part of the company's strategy to recycle capital to optimize capital productivity.

SGX:BUOUSGX:TQ5

Asia45d ago

Singapore Shares Crash as Middle East Tensions Weigh; OCBC Gains on Steady Q1 Growth

Singapore shares closed in negative territory on Friday, joining a regional retreat as investors reacted to news of the latest military strikes between the U.S. and Iran.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,895.09 and 4,939.10 throughout the day. It ended the session at 4,921.90, down 20.06 points or 0.4% compared to Thursday's close.According to Iranian news agencies, explosions were heard near the city of Bandar Abbas, with the Tehran regime responding by attacking US military vessels.On the corporate front, Oversea-Chinese Banking Corp. or OCBC's (SGX:O39) net profit attributable to equity holders rose 5% in the first quarter of the year to SG$1.97 billion from SG$1.88 billion a year earlier. Its shares were marginally up at the close.Shares of AvePoint (SGX:AVP) were up nearly 2% at the close as it booked a higher net income of $15.3 million during the first quarter of the year compared with $3.6 million a year earlier.Meanwhile, shares of Frasers Property (SGX:TQ5) closed nearly 3% lower, as its attributable profit to owners dropped by 38% during the fiscal first half ended March 31 to SG$88.4 million from SG$142.2 million a year earlier.

^STISGX:AVPSGX:O39SGX:TQ5

Asia45d ago

Frasers Property's Attributable Profit Declines 38% in Fiscal H1; Shares Down 4%

Frasers Property's (SGX:TQ5) attributable profit to owners dropped by 38% during the fiscal first half ended March 31 to SG$88.4 million from SG$142.2 million a year earlier, according to a Friday filing with the Singapore Exchange.Earnings per share fell to SG$0.02 compared with SG$0.035 in the year-ago period.Revenue declined 5.2% year over year to SG$1.51 billion from SG$1.59 billion, mainly due to the absence of contribution from Sky Eden@Bedok in Singapore.Shares of the property developer and manager dropped nearly 4% in Friday trading.

SGX:TQ5

Asia61d ago

Frasers Property Redeems SG$280 Million Worth of Bonds on Maturity

Frasers Property (SGX:TQ5) redeemed its SG$280 million worth of 4.25% bonds upon maturity on April 21, according to a Tuesday filing with the Singapore Exchange.Shares of the property developer were up nearly 1% in Wednesday trading.The bonds have been cancelled and delisted from the Singapore Exchange, the filing added.

SGX:TQ5

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