The following companies are expected to be in focus when the Singapore market opens on Thursday, February 14.

ComfortDelGro

Taxi operator ComfortDelGro (OTC:CDGLF) (SGX: C52) reported on Wednesday that its 2018 net profit rose 0.6 percent on-year to S$303.3 million on contributions from new acquisitions. That beat some analysts' forecasts.

SATS

SATS Ltd. (OTC:SPASF) (SGX: S58) reported on Wednesday its fiscal third quarter net profit increased 3.5 percent on-year to S$68.9 million on volume growth in its Food Solutions and Gateway Services segments. The results beat a forecast from Daiwa.

Frasers Property

Frasers Hospitality CEO Choe Peng Sum, age 58, will retire on 15 February, and take up the role of senior adviser to Frasers Property (OTC:FSRPF) (SGX: TQ5) on 16 February, Frasers Property said in a filing to SGX on Wednesday.

"Recruitment of Mr. Choe's successor is progressing well, and an announcement will be made in due course," Frasers Property said in the statement.

NetLink NBN Trust

NetLink NBN Trust (SGX: CJLU) reported on Wednesday that its fiscal third quarter net profit came in at S$19.6 million, above the projection of S$16.7 million from its IPO prospectus.

JUMBO Group

Iconic Singapore chili crab restaurateur JUMBO Group (SGX: 42R) reported on Wednesday its fiscal first quarter net profit rose 15.7 percent on-year to S$2.43 million.

Accordia Golf Trust

Accordia Golf Trust (OTC:ADFFF) (SGX: ADQU) reported its fiscal third quarter net profit increased 24.7 percent on-year to 3.21 billion yen (S$39.3 million or US$28.96 million) as improved weather helped to boost player numbers.

Aspial Corp.

Aspial Corp. (SGX: A30) said on Wednesday that the S$15 million of notes it repurchased were cancelled on Tuesday, which brought the outstanding aggregate principal amount of the notes to S$68 million.

In mid-January, Aspial made the offer to repurchase S$15 million of its 5.05 percent notes due 2019, which were series 003 notes issued under its S$700 million multicurrency debt issuance program.

Kencana Agri

Kencana Agri (SGX: BNE) issued a profit warning on Wednesday, saying it expected to report a net loss for the full year due to weak crude palm oil prices, the depreciation of the Indonesian rupiah against the U.S. dollar and losses from fair value changes in biological assets.

EMAS Offshore

EMAS Offshore (SGX: UQ4) said on Wednesday that Udenna Corp. had notified the company it would no longer be proceeding with its proposed transaction with wholly owned subsidiary Emas Offshore Pte. Ltd., or EOPL.

In October, Udenna had entered a deal to conduct due diligence for an investment of US$73.29 million to acquire certain vessels and invest in EOPL.

Gallant Venture

Gallant Venture (OTC:GLVNF) (SGX:5IG) said on Wednesday that it wasn't aware of any reason that would explain a sharp jump in volume in trading of its shares.

More than 6 million of its shares changed hands on Wednesday, compared with a usual volume of less than 500,000. The stock closed down 0.71 percent at S$0.14.

42 Stocks Moving In Wednesday's Mid-Day Session

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Latest ComfortDelGro Corp Stock News | OTC:CDGLF | Benzinga

Wednesday, February 13, 2019

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