Benicia Tan

Analysts say their earnings are likely to reflect bigger operating margins, with further upside expected in H2

Singapore’s second-quarter bullion demand climbs 6% year on year amid geopolitical uncertainty, softer prices

Net property income is up 1% year on year at S$75.3 million

Board declares interim dividend of S$0.0375 per share for period, up from S$0.032 per share for H1 FY2025

The project is expected to start in Q4 this year and will be delivered over eight years

Revenue is down 15.8% to US$632.7 million as the group winds down its build-to-sell business

IPO raises total gross proceed of about S$30.6 million

Amount distributable to unitholders grows 1.1% on the year

Four other unfinished rigs that may be divested later could generate about S$1.3 billion in cash proceeds

Analysts say its higher prices are unlikely to derail data centre growth, but tighter supplies could stymie new capacity