The following companies saw new developments that may affect trading of their securities on Monday (Jun 19).
SIA (C6L): Singapore Airlines (SIA) on Friday refuted a media report saying it may raise its stake in Air India from the 25.1% which it secured as part of the Tata Group's Vistara merger to create a bigger full-service India's national carrier.
Singapore's state carrier's statement was in response to a report by Indian newspaper Mint, which said the carrier had expressed its desire to gradually raise its stake in the Indian airline to about 40%.
"The Mint story dated 16 June 2023 is incorrect. There (is) no change in SIA's position from the November 2022 announcement," Singapore Airlines said.
Samudera (S56): Samudera Shipping Line on Jun 7 agreed to buy two container vessels from unrelated third parties for a total of US$59.9 million.
Each vessel has a capacity of 1,500 twenty-foot equivalent units. They are expected to be delivered in the second half of this year, Samudera said in a bourse filing on Friday (Jun 16).
The purchase is not expected to have any material impact on the net tangible assets and earnings per share of the group for the financial year ended Dec 31, 2023.
Top Glove (BVA): Glove manufacturer Top Glove Corporation on Friday (Jun 16) posted a net loss of RM130.6 million (S$37.8 million) for the third fiscal quarter ended May 31, a turnaround from its earnings of RM15.3 million in the corresponding year-ago period.
The latest quarterly loss took the company’s net loss for the nine-month period ended May 31 to RM463.5 million. In the corresponding period ended May 31, 2022, it had booked a net profit of RM288.6 million.
Shares of Top Glove, which are listed in Singapore and Malaysia, took a hit on Friday after the financial results announcement.
Amara (A34): TWO major shareholders cum executive directors of property developer and hotel group Amara Holdings are currently engaged in confidential discussions with a third party in relation to a possible transaction involving the company.
Amara Holdings, in its regulatory filing on Sunday (Jun 18), referred to “unusual price movements and the higher than usual volume of trading” in its shares last Thursday and Friday.
Its share price was S$0.355 at Wednesday’s market close and had surged by 23.9 per cent to S$0.440 when it requested a trading halt around 12.30 pm on Friday.
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