A sell-off that wiped out global stock gains for the year is set to continue in Asia Tuesday amid concerns authorities around the world are struggling to keep the coronavirus from spreading. Havens including Treasuries, the yen and gold surged.

Real estate agency APAC Realty posted a net profit of S$5.5 million for the fourth quarter ended Dec 31, up 33.3 per cent from a year ago.

JEP Holdings nearly tripled its FY2019 net profit to S$6.5 million from S$2.2 million a year ago, on the back of higher revenue from its precision manufacturing business.

Grand Venture Technology posted profit after tax of S$3.1 million for the full year ended Dec 31, down 33.9 per cent from S$4.69 million a year ago.

Food Empire Holdings reported an 83.6 per cent jump in net profit to about US$5 million for the fourth quarter ended Dec 31, 2019.

Ascendas Real Estate Investment Trust (Reit) is selling a two-storey ramp-up warehouse building along Changi South Street 1 to minimart chain operator Hao Mart for S$20.3 million, the fund manager announced on Monday.

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