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2023-03-10

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This translates to £751 per square foot (sq ft) on the existing net lettable area.</p><p>The deal increased the group’s total commercial assets in the UK to around £1 billion, while also enhancing the group’s recurring income stream, said CDL group chief executive Sherman Kwek.</p><p>St Katharine Docks, which opened in 1828, is a 23-acre (9.3 ha) mixed-used estate that fronts the River Thames. It comprises more than 500,000 sq ft of Grade A office, food and beverage, retail, and residential space spanning four main buildings and supporting ancillary spaces. This includes a marina with berths for up to 185 yachts.</p><p><b>Del Monte (D03):</b> Canned-Food brand Del Monte Pacific on Thursday (Mar 9) posted a net profit of US$9.8 million for the quarter ended Jan 31, down 62 per cent from the US$25.9 million it posted over the same period a year earlier.</p><p>This came despite turnover increasing by 3.3 per cent to US$681.2 million, from US$659.4 million the year before.</p><p>The group attributed the decline in net profit to lower operating results and increased interest expense from higher bank loans, with the redemption of preference shares.</p><p><b>Sembcorp (</b><b>U96</b><b>): </b>Sembcorp Industries announced on Thursday (Mar 9) that its carbon management corporate venture, GoNetZero, has launched its digital platform for trading Brazil International Renewable Energy Certificates (I-REC) at the inaugural I-REC Day Brazil in São Paulo.</p><p>The company said it worked with Instituto Totum, an authorised local issuer of I-REC in Brazil, to integrate the platforms of both companies.</p><p>It added that Brazil is the world’s second-largest I-REC market, with the volume of I-REC issued in 2022 doubling from a year earlier to 22 million, equivalent to powering four million typical households in Singapore for a year.</p><p><b>Yangzijiang Financial (</b><b>YF8</b><b>): </b>Yangzijiang Financial Holding announced on Thursday (Mar 9) that it has signed a memorandum of understanding (MOU) with private market exchange ADDX to distribute funds on its platform.</p><p>Chief executive officer and chief investment officer of Yangzijiang Financial Vincent Toe said that ADDX’s platform will serve as an additional distribution channel for funds managed by the group, broadening the group’s reach and potentially boosting its total assets under management.</p><p>These include the earlier-announced Yangzijiang Maritime Private Equity Fund #2, which has a target fund size of US$600 million, as well as a cash management fund that will be established with a target fund size of S$200 million. The maritime fund has secured capital commitments of US$500 million.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Stocks to Watch: CDL, Del Monte, Sembcorp, Yangzijiang Financial</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Stocks to Watch: CDL, Del Monte, Sembcorp, Yangzijiang Financial\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-03-10 08:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The following companies saw new developments that may affect trading of their securities on Friday (Mar 10):</p><p><b>CDL (C09): </b>City Developments Limited (CDL) on Thursday (Mar 9) said it completed its acquisition of the St Katharine Docks development in London for £395 million (S$636 million). This translates to £751 per square foot (sq ft) on the existing net lettable area.</p><p>The deal increased the group’s total commercial assets in the UK to around £1 billion, while also enhancing the group’s recurring income stream, said CDL group chief executive Sherman Kwek.</p><p>St Katharine Docks, which opened in 1828, is a 23-acre (9.3 ha) mixed-used estate that fronts the River Thames. It comprises more than 500,000 sq ft of Grade A office, food and beverage, retail, and residential space spanning four main buildings and supporting ancillary spaces. This includes a marina with berths for up to 185 yachts.</p><p><b>Del Monte (D03):</b> Canned-Food brand Del Monte Pacific on Thursday (Mar 9) posted a net profit of US$9.8 million for the quarter ended Jan 31, down 62 per cent from the US$25.9 million it posted over the same period a year earlier.</p><p>This came despite turnover increasing by 3.3 per cent to US$681.2 million, from US$659.4 million the year before.</p><p>The group attributed the decline in net profit to lower operating results and increased interest expense from higher bank loans, with the redemption of preference shares.</p><p><b>Sembcorp (</b><b>U96</b><b>): </b>Sembcorp Industries announced on Thursday (Mar 9) that its carbon management corporate venture, GoNetZero, has launched its digital platform for trading Brazil International Renewable Energy Certificates (I-REC) at the inaugural I-REC Day Brazil in São Paulo.</p><p>The company said it worked with Instituto Totum, an authorised local issuer of I-REC in Brazil, to integrate the platforms of both companies.</p><p>It added that Brazil is the world’s second-largest I-REC market, with the volume of I-REC issued in 2022 doubling from a year earlier to 22 million, equivalent to powering four million typical households in Singapore for a year.</p><p><b>Yangzijiang Financial (</b><b>YF8</b><b>): </b>Yangzijiang Financial Holding announced on Thursday (Mar 9) that it has signed a memorandum of understanding (MOU) with private market exchange ADDX to distribute funds on its platform.</p><p>Chief executive officer and chief investment officer of Yangzijiang Financial Vincent Toe said that ADDX’s platform will serve as an additional distribution channel for funds managed by the group, broadening the group’s reach and potentially boosting its total assets under management.</p><p>These include the earlier-announced Yangzijiang Maritime Private Equity Fund #2, which has a target fund size of US$600 million, as well as a cash management fund that will be established with a target fund size of S$200 million. The maritime fund has secured capital commitments of US$500 million.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"D03.SI":"德蒙特","C09.SI":"城市发展","U96.SI":"胜科工业"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114039003","content_text":"The following companies saw new developments that may affect trading of their securities on Friday (Mar 10):CDL (C09): City Developments Limited (CDL) on Thursday (Mar 9) said it completed its acquisition of the St Katharine Docks development in London for £395 million (S$636 million). This translates to £751 per square foot (sq ft) on the existing net lettable area.The deal increased the group’s total commercial assets in the UK to around £1 billion, while also enhancing the group’s recurring income stream, said CDL group chief executive Sherman Kwek.St Katharine Docks, which opened in 1828, is a 23-acre (9.3 ha) mixed-used estate that fronts the River Thames. It comprises more than 500,000 sq ft of Grade A office, food and beverage, retail, and residential space spanning four main buildings and supporting ancillary spaces. This includes a marina with berths for up to 185 yachts.Del Monte (D03): Canned-Food brand Del Monte Pacific on Thursday (Mar 9) posted a net profit of US$9.8 million for the quarter ended Jan 31, down 62 per cent from the US$25.9 million it posted over the same period a year earlier.This came despite turnover increasing by 3.3 per cent to US$681.2 million, from US$659.4 million the year before.The group attributed the decline in net profit to lower operating results and increased interest expense from higher bank loans, with the redemption of preference shares.Sembcorp (U96): Sembcorp Industries announced on Thursday (Mar 9) that its carbon management corporate venture, GoNetZero, has launched its digital platform for trading Brazil International Renewable Energy Certificates (I-REC) at the inaugural I-REC Day Brazil in São Paulo.The company said it worked with Instituto Totum, an authorised local issuer of I-REC in Brazil, to integrate the platforms of both companies.It added that Brazil is the world’s second-largest I-REC market, with the volume of I-REC issued in 2022 doubling from a year earlier to 22 million, equivalent to powering four million typical households in Singapore for a year.Yangzijiang Financial (YF8): Yangzijiang Financial Holding announced on Thursday (Mar 9) that it has signed a memorandum of understanding (MOU) with private market exchange ADDX to distribute funds on its platform.Chief executive officer and chief investment officer of Yangzijiang Financial Vincent Toe said that ADDX’s platform will serve as an additional distribution channel for funds managed by the group, broadening the group’s reach and potentially boosting its total assets under management.These include the earlier-announced Yangzijiang Maritime Private Equity Fund #2, which has a target fund size of US$600 million, as well as a cash management fund that will be established with a target fund size of S$200 million. The maritime fund has secured capital commitments of US$500 million.","news_type":1},"isVote":1,"tweetType":1,"viewCount":71,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}