by bondevalue | Mar 2, 2021 | Singapore Dollar Bonds
Olam International reported a loss of S$87mn ($65.4mn) after taxes in 2H2020 while operating profits after taxes were up 90% to S$475.7mn ($357mn). The losses in the year were reported on account of a ‘prudent one-off impairment’ from Olam Palm Gabon amounting to...
by bondevalue | Feb 26, 2021 | Singapore Dollar Bonds
Astrea VI, backed by Temasek’s Azalea Asset Management, is planning to launch new dollar and Singapore dollar bonds with investor calls starting March 1. As per a filing with the MAS, the planned issuance will include a S$375mn ($282mn) Class A-1 tranche,...
by bondevalue | Feb 24, 2021 | Financial Institutions, Singapore Dollar Bonds
Singapore’s second largest lender OCBC reported a 9% fall in Q4 profits YoY, dragged by lower total income. The bank reported positive loan growth, deposit growth, higher fees and commissions, customer treasury activities and assets under management in the last...
by bondevalue | Feb 24, 2021 | Singapore Dollar Bonds
Singapore’s property developer CapitaLand reported S$1.57bn ($1.19bn) in net losses for FY2020, down 26% YoY primarily on account of revaluation and impairment losses. Second half net loss was at S$1.67bn ($1.3bn) for the second half ended Dec 2020, from a net profit...
by bondevalue | Feb 18, 2021 | Singapore Dollar Bonds
Singapore-based real estate developers OUE and Heeton warned of reporting an annual loss for 2020 via exchange filings. OUE said that the annual loss is primarily attributable to the S$ 435.4mn ($328mn) in net fair value losses on its investment properties. About 60%...
by bondevalue | Feb 16, 2021 | Singapore Dollar Bonds
Singapore-based REIT Mapletree Logistics Trust (MLT) announced via an exchange filing on Monday night that it will be acquiring five South Korean logistics properties for KRW 280bn ($255mn). MLT said that the properties will generate an initial net property income...
