The following companies saw new developments that may affect trading of their securities on Tuesday (Aug 22):
Over 70% of respondents from UOB’s flagship Asean consumer sentiment study (ACSS) said that they expect their respective countries to experience an economic downturn in the next 12 months amid the current inflationary environment.
DBS Group Research Analyst kept “buy” calls for SATS after the aviation company’s results for the 1QFY2024 ended June. The analyst has kept the target prices unchanged at $3.20.
SGX RegCo has issued a “trade with caution” alert on units of Dasin Retail Trust, after observing that an "individual" has been buying up units of the trust to "maintain its unit price".
Oxley Holdings has warned that it will report a net loss for FY2023 when it reports earnings for 2HFY2023 ended June. The company attributes the losses to higher finance costs and lower revenue recognised from its property development projects as substantial revenue were recognised prior to FY2023 as the projects progressed.
LHN Logistics has lost its free float. As at 6pm on Aug 21, the number of shares held by the public stood at around 9.39%, lower than the mandatory 10%. Trading of the shares in LHN Logistics will be suspended and subsequently delisted.
NoonTalk Media sank into the red in its fiscal second half from the year before, on a 60.6 percent drop in revenue from its main business segment, production. The production segment made S$1.2 million in the six months ended Jun 30, 2023, versus S$3 million in the corresponding half-year period a year ago.
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