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Author: traderhub8   |   Latest post: Tue, 19 Nov 2019, 5:03 PM

 

Phillip Capital Morning Note - 29 May 2019

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Accordia Golf Trust on Tuesday posted a loss per unit of 20.71 Singapore cents for the fourth quarter ended March 31, widening from a loss per unit of 3.19 Singapore cents for the year-ago period. But for the six months ended March 31, it has declared a distribution per unit (DPU) of 2.13 Singapore cents, with a book closure date of June 12 and payment on June 21. This is down slightly from the DPU of 2.2 Singapore cents declared for the year-ago period.

Dyna-Mac Holdings has received a contract from a new customer for a provision sum of S$4 million, the offshore oil and gas contractor announced on Tuesday. The contract is for the fabrication of corrosion-resistance alloy pipe spools for the central processing facility of an offshore gas field. The work is expected to start in the third quarter of 2019 and be completed by the fourth quarter.

Mainboard-Listed battery maker GP Industries posted net profit of S$2.33 million for the fourth quarter ended March 31, turning around from a S$7 million loss in the year-ago period, it reported in a results release on Tuesday. Earnings per share for the quarter was 0.48 Singapore cent, compared with a loss per share of 1.45 Singapore cents in the year-ago period.

With the May 29 High Court hearing on the moratorium of Hyflux just a day away, the debt-ridden firm on Tuesday clarified that Utico's purported rescue deal to offer "part cash redemption" to retail perpetual and preference shareholders (PNP) is merely "exploratory in nature", and "currently being contemplated" by Utico.

Singapore telco M1 announced that it will replace its existing 19 mobile plans with one base plan each for SIM-only and handset bundles starting from Tuesday. The SIM-only contract-free mobile plan starts at S$25 for 30 GB of data, while its plan with handset starts at S$30 per contract for 12 GB of data.

UOB and Mastercard have launched a new commercial credit card targeted at business executives from small and medium enterprises (SMEs), both companies announced in a joint statement on Tuesday. The annual membership fee for the UOB Regal Business Metal Card is S$680 inclusive of GST, and is non-waivable.

Source: SGX Masnet, The Business Times, Bloomberg, Channel NewsAsia, Reuters, PSR

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Chart Stock Name Last Change Volume 
Accordia Golf Tr 0.605 0.00 (0.00%)
Dyna-Mac 0.12 0.00 (0.00%)
GP Industries 0.61 0.00 (0.00%)
M1 2.05 0.00 (0.00%)
UOB 26.67 0.00 (0.00%)

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