Singapore stocks to watch Thursday: HPHT, Yongnam, Wilmar, Keppel, Accordia Golf

The skyline in Singapore’s central business district.The skyline in Singapore’s central business district.

These are the Singapore stocks to watch on Thursday 21 June 2018:

Hutchison Port Holdings Trust

Singapore wealth fund Temasek’s deemed interest in Hutchison Port Holdings Trust rose to 13 percent from 12.81 percent, the trust manager said in a filing to SGX on Wednesday after the market close.

Temasek doesn’t have any direct interest in the units, with the increase in the deemed interest due to PSAI, a wholly owned subsidiary of Temasek, increasing its holdings, the filing said.

Yongnam Holdings

Yongnam Holdings said its wholly owned subsidiary, Yongnam Engineering & Construction (YNEC) entered a consortium agreement with Global Maritime and Port Services (GMAPS) to operate the Pulau Punggol Aggregate Terminal.

The consortium was awarded a license to operate the terminal by the Building & Construction Authority of Singapore (BCA), it said in a filing to SGX after the market close on Wednesday. YNEC will hold 60 percent of the consortium and GMAPS will hold the remainder, it said, adding that the consortium’s working capital requirement was around S$1.4 million.

Wilmar International

Kuok Khoon Hong, CEO, chairman and co-founder of Wilmar International, on Tuesday increased his deemed interest in the company to 12.3103 percent from 12.2945 percent. That was due to Longhlin Asia and Hong Lee Holdings, companies in which Kuok has a deemed interest, purchasing 1 million shares in Wilmar at S$3.15 a share, the company said in a filing to SGX on Wednesday.

That brought his total interest in the company to 12.326 percent from 12.3102 percent, the filing said.

Shares of Wilmar have been pressured recently amid concerns that its China operations could be affected by the U.S. trade war; the stock ended Wednesday down 1.58 percent at S$3.12.

Keppel Corp.

Keppel Corp. said it bought back 400,000 shares in the market on Wednesday for S$7.05-S$7.16 each for a total consideration including other expenses of S$2.854 million.

That brought to 1.596 million shares, or 0.0879 percent of the total issued shares excluding treasury shares, that have been bought back since the late April beginning of the buyback mandate, it said in a filing to SGX after the market close on Wednesday.

Accordia Golf Trust

Accordia Golf Trust’s manager said that its golf courses in the greater Osaka area suffered minimal damage in the earthquake on Monday.

“There is no material damage to our assets or casualty reported at the golf courses in greater Osaka area as well as other areas in Japan.
Currently it is business as usual at our golf courses,” it said in a filing to SGX after the market close on Wednesday.

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