DOCSLIB.ORG

Transforming for The

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Transforming for The TRANSFORMING FOR THE Annual Report 2017/18 CORPORATE PROFILE Listed on the Mainboard of the Singapore Exchange in 2000, SIA Engineering Company (SIAEC) is one of the world’s leading maintenance, repair and overhaul (MRO) organisations. SIAEC’s one-stop maintenance facility in Singapore offers world-class MRO services to a client base of more than 80 international carriers and aerospace equipment manufacturers. Complementing its full spectrum of MRO services is its portfolio of 25 joint ventures in 8 countries, forged with strategic partners and leading original equipment manufacturers. The Company holds certifications from 26 national airworthiness authorities worldwide. REVENUE $1,094.9 MILLION NET PROFIT $184.1 MILLION FY2017/18 AT A GLANCE DIVIDEND PER SHARE • SIAEC formed engine overhaul joint venture with GE Aviation 13 CENTS* • SIAEC formed additive manufacturing joint venture with Stratasys • SIAEC expanded line maintenance 2 Chairman’s Statement network to Japan 5 Corporate Calendar • SIAEC signed MOUs with CaseBank 6 Board of Directors Technologies and Safran Analytics to 7 Key Executives collaborate in data analytics 8 The Year in Review 9 Business Segments • SIAEC and Boeing signed MOA to collaborate on the provision of aircraft 13 The Push for Innovation maintenance training services 15 Sustainability Report 39 Corporate Governance 83 Statistical Highlights 84 Financials 193 Shareholding Statistics 195 Share Price and Turnover 196 Notice of Annual General Meeting Proxy Form * includes final ordinary dividend of 9 cents per share, which is subject to shareholders’ approval CHAIRMAN’S STATEMENT ur investments“ in automation, robotics Oand digitalisation are progressively being implemented in the daily operations to enhance the efficiency and agility of our workforce. ” efficiencies and reliability, whilst creating higher levels of productivity and process improvements within the continue to mount and margins will SIA Engineering Group of companies narrow. (the “Group”). As an established MRO player, SIA Our investments in automation, Engineering Company (the “Company”) robotics and digitalisation are has been taking steps to position itself progressively being implemented in for the future. We have been investing the daily operations to enhance the Dear Shareholders, in innovation and technology to efficiency and agility of our workforce. increase our competitiveness and will The aviation industry is set for another continue to expand our network of Our innovation and technology turbulent year in the face of the strategic partnerships to access new initiatives were the precursor to the lingering geopolitical uncertainties, markets, capabilities and technology. Group’s Transformation to enhance rising protectionist sentiments and a our position as a leading MRO. In challenging operating environment. BUILDING CAPABILITIES FOR addition to exploring new avenues of The International Air Transport THE FUTURE growth and business opportunities, Association forecasts the global airline the transformation programme is industry to record lower net profits Over the last two years, we have aimed at enhancing productivity, of US$33.8 billion in 2018, impacted invested in systems, facilities and streamlining processes and increasing by escalating costs and rising interest equipment to strengthen our competitiveness. rates. This is expected to have knock- fundamentals. To enhance our on effects on the MRO industry. capabilities, we have set up our During the Financial Year (“FY”), we Innovation & Technology Group inked a joint venture agreement with Moreover, the MRO industry is facing in 2016 to accelerate adoption of Stratasys Ltd. to establish an additive intensifying competition from original new technologies. We launched an manufacturing centre in Singapore that equipment manufacturers (“OEM”) innovation drive to invest up to $50 will leverage cutting-edge 3D-printing seeking to capture a larger share of million over five years on innovation technology to produce aircraft cabin the aftermarket. With increased hangar initiatives and technology adoption parts, and provide engineering and capacity in the region, coupled with projects. These efforts complement certification support. the longer maintenance intervals of the development of innovative the next-generation aircraft, engines solutions for our airline customers In the field of data analytics, we are and components, cost pressure will to enhance their fleet operating collaborating with Safran Analytics SIA ENGINEERING COMPANY 2 ANNUAL REPORT 2017/18 to research and develop predictive An important milestone was also EXPANDING OUR maintenance software that will achieved in February 2018 with GEOGRAPHICAL FOOTPRINT improve aircraft maintenance our entry into a joint venture with planning and reduce disruptions to GE Aviation for the formation of a As airlines’ fleet sizes continue to grow aircraft revenue service. We are also company to carry out GE90 and GE9X globally and the number of flights working with CaseBank Technologies engine overhaul work at a facility to at airports continue to increase, the to develop advanced diagnostic be sited in Singapore. These are the expansion of our international line software programmes that will exclusive engines for various Boeing maintenance network is another improve the troubleshooting process 777 variants. With this JV, the Company avenue for us to access a wider market during maintenance and reduce has now secured partnerships with all and opportunities. aircraft downtime and component three major engine manufacturers. removal costs. These initiatives are an During the year, we expanded integral part of our efforts to reduce Moog Aircraft Services Asia, a joint our regional footprint with the maintenance downtime and increase venture with Moog Inc. ("Moog"), also establishment of a subsidiary to cost savings for our airline customers. officially opened its facility in February provide line maintenance services at 2018 to provide repair and overhaul Kansai International Airport. Since then, We will continue to identify and services for Moog’s flight control we have expanded to serve airline gain competencies in emerging systems on new-generation aircraft, customers at Narita International technologies and innovations that we including the Airbus A350 and Airport and New Chitose Airport. Plans believe will shape the MRO industry in Boeing 787. are in the pipeline to increase our the next decades. service offerings and presence in other These collaborations serve to expand airports in Japan. GROWING OUR our suite of service offerings and allow NETWORK OF STRATEGIC us to access a wider market in the We also entered into a Memorandum PARTNERSHIPS region and beyond. Although our new of Understanding with Air India JVs are not expected to be accretive Engineering Services Limited to In the last two years, we had formed in the short term, they reinforce our collaborate on the provision of line a fleet management joint venture core competencies and will give us the maintenance and ancillary services, with Boeing and a heavy maintenance cutting edge for sustained growth in including engineering training, at joint venture with Airbus. We remain the long term. various airports in India. In addition, focused on the course of forming we signed a non-binding Letter of strategic relationships and synergistic We are grateful for the trust and Intent with our JV partner, Cebu Air, joint ventures with key partners who are confidence of our partners and look to review growth opportunities in the leading players in the MRO space. forward to more extensive and new Philippines. collaborations in the future. In June 2017, we strengthened On the home front, we announced the our partnership with Boeing with In October 2017, we announced entry into a comprehensive Services the signing of a Memorandum the divestment of our stake in Asian Agreement with SilkAir (Singapore) to of Agreement to provide aircraft Compressor Technology Services provide MRO services for the airline’s maintenance training services on for a gain of approximately $14.3 fleet of Boeing 737 MAX aircraft. This behalf of Boeing to airlines located million. This is in line with the contract is worth $484 million over a in and around the Southeast Asian Group’s restructuring efforts to focus period of 12 years. region. In the same month, Eagle on growth areas and build next- Services Asia, our joint venture ("JV") generation aircraft capabilities. FINANCIAL with Pratt & Whitney, was selected PERFORMANCE REVIEW as an MRO facility in Singapore for We remain committed to maximising shareholder returns and will continue the Pratt & Whitney PW1100G-JM Our network of partnerships is an to evaluate and streamline our PurePower® Geared Turbofan™ instrumental pillar of growth for the businesses to ensure that our portfolio engine, one of two engine types that Company, and we are pleased that meets our business objectives. power the A320neo aircraft. our efforts to grow this segment have SIA ENGINEERING COMPANY 3 ANNUAL REPORT 2017/18 CHAIRMAN’S STATEMENT paid dividends. Share of profits from our sustainable business practices, associated and JV companies have contribution to society and efforts to grown steadily over the years, up protect our environment. 13.8% from $96.5 million in FY2016/17 to $109.8 million in FY2017/18. This I wish to extend my sincere reflects the success of our strategy appreciation to my fellow Directors, to combine the competencies of management, staff and union leaders
Load more

Recommended publications
  • Singapore Supplementary Budget
    Singapore Market Focus Singapore Supplementary Budget Refer to important disclosures at the end of this report DBS Group Research . Equity 27 Mar 2020 Unprecedented anti-viral boost STI : 2,487.56 • Dishing out total handouts of S$55bn, a whopping 11% of GDP • Significant cost savings of 4% cushions STI earnings decline to 5% for 2020F Analyst • Booster shot to Aviation-related, hospitality and retail sectors Janice CHUA +65 6682 3692; [email protected] • Key beneficiaries are SATS, SIA Engineering, Genting, Starhub, MINT, Kee Yan YEO, CMT +65 6682 3706; [email protected] UOB, OCBC Andy SIM, CFA +65 6682 3718; [email protected] Dipping into reserves for an unprecedented relief package. The Singapore Research Team; [email protected] government’s relief package of S$48bn is generous and timely, blowing market expectations. Including February’s Care and Share package of Key Indices S$6bn, the total handout of S$55bn represents an unprecedented 11% of Current % Chng GDP, and more than double the relief package of S$20.5bn dished out STI Index 2,487.56 -0.7% during the Global Financial Crisis. Aimed at saving jobs and supporting FS Small Cap Index 244.02 4.5% industries, this will cushion the recessionary impact as Singaporeans brave USD/SGD Curncy 1.43 -0.1% through this dark period. The impact is broad based, benefiting both Daily Volume (m) 445 consumers and corporates. Daily Turnover (S$m) 676 Lifeline for aviation-related and hospitality industries, which are directly hit Daily Turnover (US$m) 473 by COVID-19. The absence of tourists with several countries in lockdown Source: Bloomberg Finance L.P.
    [Show full text]
  • Sia Engineering Company in Negotiations to Acquire 25% Stake in Gameco
    17 April 2002 SIA ENGINEERING COMPANY IN NEGOTIATIONS TO ACQUIRE 25% STAKE IN GAMECO SIA Engineering Company in negotiations to acquire 25% stake in GAMECO SINGAPORE, 17 April 2002 – Mainboard-listed SIA Engineering Company Limited, a leading provider of aircraft maintenance, repair and overhaul (MRO) services in Asia-Pacific, has entered into a conditional agreement to acquire the entire 25% stake in Guangzhou Aircraft Maintenance Engineering Company (GAMECO) held by U.S. aerospace firm Lockheed Martin Aeronautics Service International. SIA Engineering Company and Lockheed Martin Aeronautics Service International will proceed to negotiate the detailed terms of the definitive agreement. The proposed transaction will be subject to, amongst other things, the consent of the shareholders of GAMECO as well as the receipt of necessary regulatory and government approvals. The conclusion of the proposed transaction is subject to negotiations, entry into the mutually agreed definitive agreement and satisfaction of closing conditions. SIA Engineering Company will make further announcements at the appropriate time. About SIA Engineering Company SIA Engineering Company is a major provider of aircraft maintenance, repair and overhaul (MRO) services in Asia-Pacific. The Company has a client base of more than 80 international carriers and aerospace equipment manufacturers. It provides line maintenance services at Singapore Changi Airport for about 220 flights daily, as well as airframe and component overhaul on some of the most advanced and widely used commercial aircraft in the world. 16 joint ventures with original equipment manufacturers and airlines in Singapore, Ireland, China, Hongkong and Taiwan increase the depth and breadth of the Company’s comprehensive service offerings.
    [Show full text]
  • Operating and Financial Review
    OPERATING AND FINANCIAL REVIEW > The SingTel Group is Asia’s leading communications group. We provide a wide spectrum of multimedia and ICT solutions, including voice, data and video services over fixed and wireless platforms. The Group is structured along three key businesses: Group Consumer, Group Digital L!fe and Group ICT. Our main operations are in Singapore and Australia. In Singapore, SingTel has more than 130 years of operating experience and played an integral part in the country’s development as a major communications hub. We continue to lead and shape the digital consumer market and the enterprise ICT market. Optus is an Australian leader in integrated telecommunications, driving competition and delivering innovative products and services to customers. We are a major player in Asia and Africa through our strategic investments in six regional mobile operators. The Group’s investments are in AIS (Thailand), Globe (the Philippines), PBTL (Bangladesh), Telkomsel (Indonesia) and Warid (Pakistan). We also have investments in Airtel (India), which has significant presence in Africa and South Asia. We are a long-term strategic investor and work closely with our associates to grow the business, by leveraging our scale in networks, customer reach and extensive operational experience. Together, the Group serves 445 million mobile customers as at 31 March 2012. In this section, we provide a strategic review of the SingTel Group’s operations and discuss the financial performance of the Group for the financial year ended 31 March 2012. CONTENTS
    [Show full text]
  • Definitively Keppel
    DEFINITIVELY KEPPEL REPORT TO SHAREHOLDERS 2011 REPORT TO TO BE THE PROVIDER OF CHOICE FOR SOLUTIONS TO THE OFFSHORE & MARINE INDUSTRIES, SUSTAINABLE ENVIRONMENT AND 1 URBAN LIVING. We will develop and execute our businesses profi tably, with safety and innovation, guided by our three key business thrusts of Sustaining Growth, Empowering Lives and Nurturing Communities. CONTENTS 1 Key Figures for 2011 Sustaining Growth 139 – Notes to the Financial Statements 2 Group Financial Highlights 92 – Corporate Governance 192 – Signifi cant Subsidiaries and 4 Chairman’s Statement 112 – Risk Management Associated Companies 10 Interview with the CEO 116 – Environmental Protection 204 Interested Person Transactions 16 Group at a Glance 117 – Product Excellence 205 Key Executives 18 Keppel Around the World Empowering Lives 214 Major Properties 20 Board of Directors 118 – People Matter 219 Group Five-Year Performance 26 Keppel Group Boards of Directors 119 – Safety and Health 223 Group Value-Added Statements 28 Keppel Technology Advisory Panel Nurturing Communities 224 Share Performance 30 Senior Management 120 – Community and Society 225 Shareholding Statistics 32 Investor Relations Directors’ Report & 226 Notice of Annual General Meeting 34 Awards and Accolades Financial Statements and Closure of Books 36 Defi nitively Keppel 122 – Directors’ Report 232 Corporate Information 46 Operating & Financial Review 129 – Statement by Directors 233 Financial Calendar 47 – Group Structure 130 – Independent Auditors’ Report 235 Proxy Form 48 – Management Discussion
    [Show full text]
  • Tiger Airways Holdings Limited
    tiger airways holdings limited 2q fy12-13 and 1h fy12-13 results quarter ended 30 september 2012 30 october 2012 Results Snapshot Revenue for the quarter grew 79%, driven by increased capacity, stronger yield, and higher load factor 2Q net loss narrowed to $18m on the back of higher revenue SGD‘m 2Q13 2Q12 Y-o-Y chg 1H13 1H12 Y-o-Y chg Revenue 197 110 79% 378 289 31% Expenses 208 151 38% 401 342 17% Operating Loss (11) (41) (72%) (23) (53) (56%) Loss After Tax (18) (50) (63%) (32) (70) (55%) Basic Loss Per Share (2.23) (8.64) (74%) (3.90) (12.21) (68%) 1 2Q13 Revenue Traffic (in RPK) increased 47.2%, from 1,760m (2Q12) to 2,591m (2Q13), mostly due to more flights flown by TT Yields (in RPKM) increased 21.2%, from 6.14 cents to 7.44 cents, mainly due to higher yield from TR 2 2Q13 Expenses Key operating statistics: ($’000) RPK increased 47.2% to 2,591 million y-o-y 86,039 Fuel Costs 56,145 ASK increased 42.1% to 3,126 million y-o-y 28,621 CASK fell 3.1% to 6.66 cents y-o-y Staff costs 24,249 21,548 Airport & handling 13,325 Maintenance, 20,743 material & repair 19,673 19,608 Aircraft rental 13,092 8,880 Route charges 4,271 8,128 Depreciation 7,950 14,588 Others 12,410 0 20,000 40,000 60,000 80,000100,000 2Q13 2Q12 3 Operating Statistics Number of passengers and traffic (RPK) trending upwards since Australia suspension in 2Q12 2,600 2,525 2,591 2,200 2,349 2,104 2,105 1,800 1,774 1,760 1,400 1,640 1,430 1,290 1,304 1,000 1,096 600 200 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 Pax No.
    [Show full text]
  • Tiger Airways Holdings (Singapore): Constituent Deletion Changes in FTSE ST Index Series
    CHANGE NOTIFICATION: Please be aware that we are making a change to the technical notices pages on our website. As of 25 February 2016 the full content of our technical notices will no longer be freely accessible to non - subscribing clients, and will put behind registration. We will continue to publish a cut-down version of the technical notice on our website, and the full technical notice for index methodology changes will continue to be made freely available. If you are a subscribing client and would like to continue to have access to the full versions of the technical notices online, please register here for a password. If you would like to speak to a FTSE Russell representative about a new subscription, please contact us at [email protected]. Tiger Airways Holdings (Singapore): Constituent Deletion Changes in FTSE ST Index Series 10 February 2016 Following the unconditional cash tender offer of Tiger Airways Holdings (Singapore, constituent) by Singapore Airlines (Singapore, constituent) with the offer acceptance level reaching more than 90%, in conjunction with the section 2.8 Mergers, Acquisitions and Tender Offers in the FTSE Corporate Actions and Events Guide, FTSE, SGX and SPH announce the following changes: Effective From Index Start of Trading FTSE ST Small Cap Index 15 February 2016 FTSE ST All-Share Index 15 February 2016 For further information or general enquiries please contact us at [email protected] or call: Client Services in UK: Tel: +44 (0) 20 7866 1810 Client Services in EMEA: Tel: +44 (0) 20 7866 1810 Client Services in US: New York: (Domestic) + 1 888 747 FTSE (3873) / (International): +1 212 314 1139 Client Services in Asia Pacific: Hong Kong: + 852 2164 3333 Australia:(Domestic Toll-Free) + 1800 653 680 / (International) + 61 (2) 9293 2864 Japan + 81 (3) 3581 2764 Alternatively please visit our website at www.ftse.com Terms of Use | Copyright © FTSE .
    [Show full text]
  • The State of 5G Trials
    The State of Trials Courtesy of 5G Data Speeds Shows the highest claimed data speeds reached during 5G trials, where disclosed 36 Gb/s Etisalat 35.46 Gb/s Ooredoo 35 Gb/s M1 35 Gb/s StarHub 35 Gb/s Optus 20 Gb/s Telstra 20 Gb/s Vodafone UK 15 Gb/s Telia 14 Gb/s AT&T 12 Gb/s T-Mobile USA 11.29 Gb/s NTT DoCoMo 10 Gb/s Vodafone Turkey 10 Gb/s Verizon 10 Gb/s Orange France 9 Gb/s US Cellular 7 Gb/s SK Telecom 5.7 Gb/s SmartTone 5 Gb/s Vodafone Australia 4.5 Gb/s Sonera 4 Gb/s Sprint 2.3 Gb/s Korea Telecom 2.2 Gb/s C Spire 5G Trial Spectrum Shows the spectrum used by operators during 5G trials, where disclosed Telstra Optus NTTDoCoMo AT&T AT&T AT&T AT&T Verizon Vodafone Korea Vodafone Bell Vodafone StarHub UK Telecom Turkey Canada Turkey Sonera China SmarTone C Spire Verizon Mobile M1 Vodafone Sprint Korea Australia Telecom Optus Telia NTT DoCoMo Sprint Turkcell SK Telecom US Cellular T-Mobile USA Verizon US Cellular Verizon SUB 3 3.5 4.5 SUB 6 15 28 39 64 70 70-80 71-76 73 81-86 60-90 GHTZ Operator 5G Trials Shows the current state of 5G progress attained by operators Announced 5G trials Lab testing 5G Field testing 5G Operators that have announced timings of Operators that have announced Operators that have announced that they trials or publicly disclosed MoUs for trials that they have lab tested 5G have conducted 5G testing in the field Equipment Providers in 5G Trials Shows which equipment providers are involved in 5G trials with operators MTS T-Mobile USA SK Telekom Verizon Batelco Turkcell AT&T Bell Canada Sonera SmarTone Vodafone Orange BT Taiwan Germany Telia Mobile Telstra C Spire Vodafone US Cellular Vodafone Turkey M1 Australia MTS Ooredoo M1 NTT Docomo Optus Orange China StarHub Mobile Korea Telecom 5G trials with all five equipment providers Telefonica Deutsche Telekom Etisalat Telus Vodafone UK Viavi (NASDAQ: VIAV) is a global provider of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems.
    [Show full text]
  • Olam International
    Singapore Company Guide Olam International Version 6 | Bloomberg: OLAM SP | Reuters: OLAM.SI Refer to important disclosures at the end of this report DBS Group Research . Equity 16 May 2017 HOLD Holding tight Last Traded Price ( 15 May 2017): S$1.99 (STI : 3,264.21) Limited upside for now. We maintain our HOLD call on Olam Price Target 12-mth: S$2.15 (8% upside) (Prev S$2.12) International (Olam) with a revised TP of S$2.15. Olam appears to have successfully integrated the US$1.2bn acquisition of ADM Analyst Cocoa, and is on track to achieve positive free cash flow to Mervin SONG CFA +65 6682 3715 [email protected] firm/equity by the year end. However, with limited upside to our TP, we believe the stock will remain range bound. In addition, with return on equity (ROE) still suboptimal, a re-rating beyond its What’s New average PE multiple of 16x implied by our TP is unlikely at this 1Q17 core profit up 4% y-o-y, in line with stage. expectations Where we differ – Sell calls unwarranted. Consensus has sell Strong contribution from Edible Nuts and Food ratings on Olam, which we believe is unwarranted. While Olam Staples divisions faces the challenges of declining cocoa prices and softer cocoa processing margins this year and still generates suboptimal Positive free cashflow stronger in 1Q17, on track returns, we believe the company should deliver decent EPS to achieve positive free cashflow to equity by year growth this year, given strong performance from Edible Nuts and end recovery at its Food Staples division.
    [Show full text]
  • Starhub's Service Specific Terms & Conditions Post-Paid Mobile Services
    STARHUB'S SERVICE SPECIFIC TERMS & CONDITIONS POST-PAID MOBILE PLANS, VALUE-ADDED SERVICES AND OTHERS STARHUB'S SERVICE SPECIFIC TERMS & CONDITIONS POST-PAID MOBILE SERVICES TABLE OF CONTENTS SECTION A: POST-PAID MOBILE SERVICES ......................................................................................................................................... 4 1. Basic terms and conditions ...................................................................................................................................................... 4 2. BlackBerry® Plans .................................................................................................................................................................... 12 3. Mobile Data Plans .................................................................................................................................................................... 13 4. Mobile Voice Plans ................................................................................................................................................................... 13 4.1 XS/S/M/L/XL Plans .................................................................................................................................................... 25 4.2 Lite Plan ....................................................................................................................................................................... 26 4.3 HD Voice & HD Voice+ ........................................................................................................................................
    [Show full text]
  • Tigerair Compensation Policy
    Compensation Policy Due to the current unprecedented situation regarding COVID-19 (coronavirus),your right to obtain a refund or compensation in respect of flight cancellations may be impacted during this time. We have created dedicated a page to let you know how we can assist you during this time. You can access the page here. The ACCC has also published some information for consumers about COVID-19 (coronavirus). You can read this here. Our compensation policy contains everything you need to know if your flight is delayed or cancelled, and the assistance we provide in these circumstances. 1.Purpose of this policy Our priority as a business is to get you to your destination safely and on time, having experienced our exceptional service. The safety of our passengers and crew is our paramount concern. The nature of flying is unpredictable, and there are many factors involved in getting a flight safely into the air, some of which are within our control but some which are outside of our control. For these reasons, there are occasions when we need to make changes to our flight schedules. Our schedules and flight times are estimates; we do not guarantee schedules or flight times and they do not form part of your contract with us. This Policy sets out the compensation and assistance we will provide to you where your flight has been delayed or cancelled. You may also have additional rights (including under the Consumer Guarantees in the Australian Consumer Law, for example) where your flight is delayed or cancelled and we cannot accommodate you on to a new service within a reasonable time.
    [Show full text]
  • XINT F Singapore 30 P SGD Index SGD
    As of December 30, 2020 XINT F Singapore 30 P SGD Index SGD The XINT F Singapore 30 P SGD Index is a free-float capitalization-weighted index that is regarded as the benchmark index for the Singapore stock market. It tracks the performance of the top 30 companies listed on the Singapore Stock Exchange. INDEX PERFORMANCE - PRICE RETURN 110 105 100 95 90 85 80 75 70 Feb-19 May-19 Aug-19 Nov-19 Feb-20 May-20 Aug-20 Nov-20 Returns (p.a) Standard Deviation (p.a) Maximum Drawdown 3M 82.94% 3M 14.67% From 29.04.2019 6M 22.53% 6M 22.53% To 23.03.2020 1Y -11.19% 1Y -11.19% Return -34.37% Index Intelligence GmbH - Grosser Hirschgraben 15 - 60311 Frankfurt am Main Tel.: +49 69 247 5583 50 - [email protected] www.index-int.com Top 10 Constituents FFMV (SGDm) Weight % Industry Sector DBS Group Holdings Ltd 44,841 16.43 Banks Oversea-Chinese Banking Corporation Ltd 34,167 12.52 Banks United Overseas Bank Ltd 28,844 10.57 Banks Singapore Telecommunications Ltd 17,067 6.25 Telecommunications Jardine Matheson Holdings Ltd 15,653 5.74 Industrial Goods & Services Wilmar International Ltd 9,897 3.63 Food, Beverage & Tobacco Ascendas Real Estate Investment Trust 9,667 3.54 Real Estate CapitaLand Integrated Commercial Trust 9,243 3.39 Real Estate CapitaLand Ltd 8,453 3.10 Real Estate Keppel Corporation Ltd 7,729 2.83 Energy Total 185,562 67.99 This information has been prepared by Index Intelligence GmbH (“IIG”).
    [Show full text]
  • Annual Report 2018Opens in New Window
    DARE TO EVOLVE STARHUB LTD Annual Report 2018 Staying at the forefront of the industry requires us to constantly grow and evolve, and this priority has never been clearer. This year, we have engaged in an organisation-wide journey of transformation, backed by our strategic pillars to DARE: Deliver Market- Leading Customer Experiences, Accelerate Value Creation, Realise New Opportunities, and Enhance Digital Transformation. This year, our commitment to become more effective and efficient has grown stronger than ever before. This year, our journey has been made possible because we DARE to Evolve. CORPORATE PROFILE VISION MISSION CORE VALUES StarHub is a leading Inspiring Digital Innovation Leading, innovative ExCITe: homegrown Singapore – Improving the lives of our provider of communications, Excellence, company that delivers world- customers daily. information and Creativity, class communications, entertainment services, Integrity, entertainment and digital enabling consumers and Teamwork solutions. enterprises in Singapore to benefit from digital transformation. OVERVIEW WHAT’S IN STORE As an integrated infocommunications company, we create value when we integrate our relationships with all stakeholders. For more details, go to page 18 > STRATEGY STRATEGY OVERVIEW At a Glance 10 STRATEGY Chairman’s Message 12 Significant Events 16 Value Creation 18 Enhancing the Customer Experience 20 Board of Directors 22 In Discussion with Senior Executives 28 PERFORMANCE Senior Executives’ Profiles 38 PERFORMANCE Consumer Hubbing in Review Consumer
    [Show full text]