THE following companies saw new developments that may affect trading of their securities on Tuesday (Dec 12):
Singapore Exchange: The earnings of companies listed on the Singapore Exchange (SGX) fell for the third quarter of 2023 ended September amid high interest rates, persistent inflation and an economic slowdown in China.
A compilation of results by The Business Times as at Nov 30 showed that the aggregate profits of the 111 companies that had released their quarterly financial results or updates for the quarter stood at S$8.7 billion, down 6.8 per cent from the corresponding period last year.
While analysts expected earnings for Q4 to remain weak for most sectors, they were optimistic that some sectors such as technology and real estate investment trusts (Reits) would see some recovery in 2024.
Keppel Infrastructure Trust: The manager of Keppel Infrastructure Trust (KIT) has announced that it has obtained a $50 million multicurrency revolving loan facility.
The facility agreement includes the caveat that should KIT’s manager cease to be an entity wholly-owned by Keppel Capital Holdings or Keppel Corporation will be required to pay all outstanding loans.
Wing Tai: PROPERTY group Wing Tai Holdings said its wholly-owned subsidiary, Wincrown, has acquired a property in Melbourne, Australia, for A$28 million (S$24.7 million).
The property – 11-27 Tavistock Place, Melbourne, Victoria 3000 – is a substation site located in the Melbourne central business district.
In a bourse filing on Monday (Dec 11), the company said it entered into a contract of sale with Australian energy supplier CitiPower to purchase the property, and the acquisition was completed on Dec 11.
CSE Global: AUTOMATION solutions provider CSE Global has secured two major contracts worth S$27.7 million in the United States, it said in a bourse filing on Monday (Dec 11).
The first contract is for the design, engineering and supply of power distribution centres for manufacturing fabs in the US, which are slated for execution between 2024 and 2025.
The second contract is for the design, engineering, procurement and installation of environmental systems and equipment in the US. This will be progressively executed and delivered by 2027.
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