THE following companies saw new developments that may affect trading of their securities on Thursday (Aug 18):
Singapore Exchange: Singapore Exchange Ltd said on Thursday it posted a marginally higher adjusted profit and record revenues, helped by the bourse operator's push towards its derivatives product offerings amid a weak securities market.
Higher derivatives volumes for equities, currencies and commodities helped offset a weaker showing from cash equities and treasuries.
SGX's revenue from fixed income, currencies and commodities (FICC) increased 19% to S$252.7 million ($182.92 million), and contributed to nearly 23% of total revenues. It said total revenue increased 4% to a record S$1.10 billion.
OUE Commercial Reit: OUE Commercial real estate investment trust (C-Reit) successfully completed a S$978 million unsecured sustainability-linked loan to refinance existing secured borrowings.
The loan, syndicated by a consortium of 4 mandated lead arrangers and bookrunners – CIMB Bank Singapore, Maybank Singapore, OCBC and Standard Chartered - was 1.26 times oversubscribed and supported by 19 banks, the Reit manager announced in a press statement on Wednesday (Aug 17).
SEVERAL property-related groups posted strong results for the half year ended June. City Developments Limited (CDL) achieved a record net profit of S$1.1 billion for H1 2022, reversing a net loss for H1 2021. CDL is paying a special interim dividend of S$0.12 per ordinary share.
The Straits Trading Company posted a 449 per cent year-on-year rise in H1 net profit to S$673 million. In the wake of its strong H1 results, the group declared a special dividend, distributing either ESR shares or Straits Trading shares to entitled shareholders.