SGX:D05, SGX:D8DU, SGX:E5P, SGX:F9D, SGX:K2N, SGX:P40U, SGX:T14, SGX:U11,
Boustead Singapore bagged contracts worth an aggregate amount of $33 million from the oil and gas industry. The contracts involve engineering works and supply of key large-scale equipment for upstream and downstream oil and gas developments in Africa, Asia Pacific, Middle East, North America and South America. The latest contract wins will lift the group’s order book to $520 million.
China MinZhong Food Corporation registered a 23.6 percent decline in revenue to Rmb487 million for the first quarter ended 30 September, stemmed from sales volume decline in vegetable sales due to shortage of rural labour for cultivation activities. However, net profit posted an 18.7 percent gain to $57.4 million which was attributed to a multi-fold gain in other income such as interest income.
DBS Group Holdings’ net interest income was up 13.9 percent to $1.6 billion for the third quarter ended 30 September, mainly driven by an 11.2 percent gain in the average balance of customer non-trade loans. Following which, net earnings accelerated 16.9 percent to $1 billion. For the nine months, net interest income rose 12.9 percent to $4.6 billion while earnings gained 18.9 percent to $3.2 billion.
First Ship Lease Trust’s revenue rose 5.2 percent to US$23.6 million for the third quarter ended 30 September, as a result of higher contributions from time charter and pool vessels. In absence of impairment losses incurred on its vessels compared to a US$3.6 million loss in the corresponding quarter last year, the trust reversed losses and recognised a net profit of $0.7 million. For the nine months, revenue made a gain of 3.3 percent to US$69 million while net losses shrank 86.2 percent to US$3.2 million.
Starhill Global Real Estate Investment Trust posted a 4.1 percent gain in net property income to $39.6 million for the third quarter ended 30 September, led by lower property expenses despite flat revenue attributed by weaker contribution from its Renhe Spring Zongbei property and properties located in Japan. Subsequently, income available for distribution moved north by 5.5 percent to $28.6 million. The trust has declared a distribution per unit of $0.0127.
Tianjin Zhong Xin Pharmaceutical’s revenue surged 25.4 percent to Rmb1.8 billion for the third quarter ended 30 September, mainly led by higher marketing activities, consolidating the sales and sourcing channels and optimising services to end customers. Consequently, net profit gained 22.9 percent to Rmb58.5 million. For the nine months, revenue accelerated 13.7 percent to Rmb5.1 billion and net profit was up 8.5 percent to Rmb256.8 million.
The Hour Glass agreed to acquire a six-storey freehold retail and commercial office building in Sydney, Australia, for A$32.8 million (approximately $36.9 million). The property is located in Sydney’s central business district, on a 186 square metres (sqm) land site and yields a net lettable area of 1,027 sqm which is currently fully leased out. The acquisition will provide the group with the opportunity to develop and strengthen its watch retail footprint in Australia.
United Overseas Bank’s net interest income shifted up 10.5 percent to $1.2 billion led by growth across all interest bearing assets except securities. Subsequently, earnings grew 18.7 percent to $866 million. For the nine months, net interest income was up 12.1 percent to $3.4 billion while earnings surged 10.2 percent to $2.5 billion. - Shares Investment
