THE following companies saw new developments that may affect trading of their securities on Friday (Oct 14):
Singtel (Z74): The Singtel-owned telco on Friday (Oct 14) said that customers whose passport numbers were exposed in its recent cyberattack would not need to replace their passports.
The statement comes following discussions with the Australian government, which previously confirmed that Optus would pay for the replacements after demands from the federal government.
SIA (C6L): Flag carrier Singapore Airlines (SIA) said that it is currently in confidential discussions with Tata Group to explore a potential transaction relating to securities of Vistara and Air India, a subsidiary of Tata.
“The discussions seek to deepen the existing partnership between SIA and Tata, and may include a potential integration of Vistara and Air India,” the company said in a bourse filing on Thursday (Oct 13).
SIA currently holds a 49 per cent equity interest in Tata SIA Airlines which operates Vistara, an Indian full-service airline based in New Delhi. Tata holds the remaining 51 per cent stake.
Stamford Land (H07): Stamford Land Corporation : H07 0%expects to record a net loss for the six months ended Sep 30, 2022.
In a bourse filing on Thursday (Oct 13), the mainboard-listed company says the net loss is mainly attributed to foreign exchange losses and fair value loss on its investment property in London.
The profit guidance is based on a preliminary assessment of unaudited consolidated management accounts of the group for the first half of its FY2023, which has not been reviewed by the audit and risk management committee of the company.
Still, Stamford Land said that the group expects to record a gain on the previously-announced disposal of two properties in Sydney and Auckland in its unaudited consolidated management accounts in the six months ended Mar 31, 2023.
Comments