SINGAPORE - The following companies saw new developments that may affect trading of their securities on Monday :
Sats: In a profit guidance on Thursday, the gateway services provider said it expects its profit to decline by 60 to 70 per cent year on year for the fourth quarter ended March, resulting in a fall of up to 25 per cent for the full year. Sats added that it expects a loss of between $50 million and $70 million in Q1 FY2021, after accounting for government grants. Shares of Sats closed at $3.28, up $0.21, on Thursday before the announcement.
Singapore Press Holdings : SPH confirmed in a Sunday bourse announcement that its Malaysian magazine subsidiary, Blu Inc Holdings Malaysia Group, had ceased operations from Thursday. SPH's magazines business in Malaysia operated independently under BIHM Group and accounted for a small part of SPH's overall business. SPH owns 70 per cent of BIHM Group, which published titles in Malaysia including Cleo, Cosmopolitan and Harper's Bazaar. Shares of SPH finished flat at $1.52 on Thursday.
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Source: BusinessTimes - 🏆 15. / 51 Read more »