Markets & Investing
Cortina Holdings’ H1 profit rises 11% as retail offsets cost pressures
Cortina Holdings’ H1 profit rises 11% as retail offsets cost pressures
It expects stable profitability in FY2025/26.
Thakral profit surges to $19.5m on strong investment and lifestyle segment
GemLife revaluation and Osaka sale boosted the quarterly results.
Yangzijiang Financial drops Ningbo Shanshan investment plan
The proposal failed to win approval at a creditors’ meeting.
CapitaLand Investment earnings steady as fund income cushions divestment impact
Its fund management gains offset lower property earnings.
Wee Hur, GSC secure $613.9m Upper Thomson Road site
They will develop a 99-year leasehold plot for residential and retail use.
Stoneweg Europe Stapled Trust's NPI up 3%
Its logistics and light industrial assets drove its Q3 earnings growth.
Lendlease REIT raises $280m from oversubscribed private placement
The proceeds will fund its 70% PLQ Mall stake acquisition.
CDL Hospitality Trusts launches $1.5b multicurrency debt programme
Proceeds from the issuance will be used to refinance existing borrowings, among others.
Yangzijiang Shipbuilding reports BlackRock’s exit as substantial shareholder
The global asset manager reduced its stake below 5% following share disposal.
PLife REIT profit climbs 10% on Japan and France acquisitions
The higher nursing home income lifted Q3 performance and distributions.
SIA Engineering H1 profit up 21% to $83.3m
Its associate gains lifted earnings as interim dividend declared at 2.5 cents.
Seatrium divests platform supply vessels for $77m
Sale supports focus on core operations and capital efficiency.
Grab Q3 revenue climbs 22% to $1.14b as profit improves
Stronger on-demand and financial services lift quarterly performance.
China Aviation Oil sees no impact from CNAF’s restructuring plan
Move expected to leave China Aviation Oil’s operations unaffected.
NetLink NBN Trust reports $207.1m revenue for H1 FY2026
Profit drops 10% as higher depreciation offsets project-driven revenue gains.
Moomoo to open first retail stores across lendlease malls
Permanent outlets at 313@somerset (939 sq ft) and Jem (739 sq ft) are scheduled to open later this year.
CapitaLand Ascendas REIT invests $1.31b in accretive acquisitions
The REIT invested in five properties.
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Commentary
Singapore’s digital confidence in the new retail era