Singapore stocks to watch Friday: ESR REIT, Keppel REIT, CityDev, Interra, Shopper360

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These are the Singapore stocks likely in focus on Friday, 31 August 2018:

ESR REIT

ESR REIT said on Thursday that it had been informed that all of the stapled securities held by Tong Jinquan, Leading Wealth Global and Tong Yu Lou were subject to encumbrances granted in favor of four of the Tong Group’s bankers, which were Julius Baer, DBS Bank, Deutsche Bank and UBS, as security for existing facilities.

In addition, all of the ESR REIT units held by Tong Jinquan, Wealthy Fountain Holdings and Skyline Horizon Consortium were subject to encumbrances in favor of five of the Tong Group bankers, which were Julius Baer, DBS Bank, Deutsche Bank, UBS and BNP Paribas, as security for the facilities as well as a facility from BNP Paribas, which wasn’t secured by the stapled securities, it said in a filing to SGX after the market close on Thursday.

Wealthy Fountain holds 10.2 percent of ESR REIT units, while Tong Jinquan holds 5.24 percent, according to data from MarketScreener. Tong Jinquan holds 50 percent of Viva Industrial Trust’s units, according to the data.

ESR REIT and Viva Industrial Trust

ESR REIT’s manager requested a trading halt on its units on Thursday after the market close, pending the results of the REIT’s extraordinary general meeting for the proposed merger with Viva Industrial Trust.

In a separate filing on Thursday, Viva Industrial Trust’s manager also requested a trading halt, which it said would be lifted after the close of trade on Friday.

CapitaLand

CapitaLand said on Thursday that it bought back 1 million shares in the market at S$3.44 each for a total consideration including other costs of S$3,444,417.

Since the April 2018 beginning of the buyback mandate, CapitaLand has bought back 37,137,900 shares, or 0.88 percent of the issued shares, excluding treasury shares at the time the mandate commenced, it said in a filing to SGX after the market close on Thursday.

City Developments

City Developments said on Thursday that it bought back 100,000 shares in the market at S$9.28 to S$9.34 each for a total consideration including other costs of S$933,153.

Since the April 2018 beginning of the share buyback mandate, City Developments has bought back 900,000 shares, or 0.099 percent of the issued shares, excluding treasury shares at the time the mandate began, it said in a filing to SGX after the market close on Thursday.

Keppel REIT

Keppel REIT’s manager said on Thursday it bought back 750,000 shares in the market at S$1.19 each for a total consideration, including other costs, of S$893,550.

The repurchased units will be canceled, it said in a filing to SGX after the market close on Thursday.

Since the April 2018 start of the buyback mandate, Keppel REIT’s manager has bought back 5,282,800 units, or 0.1559 percent of the issued units excluding treasury shares at the mandate’s commencement, it said.

CNMC Goldmine

CNMC Goldmine said on Friday that its Sokor gold mine produced 5,892.32 ounces of gold dore bars in August 2018, the highest monthly figure since production started in 2010 and up 25.9 percent over the previous monthly record of 4,681.15 ounces in December 2014.

The mine also set a new record by producing 4,022.37 ounces of gold dore bars from a single gold pour in August, a 6.7 percent increase over the previous record of 3,771.19 ounces in September 2015, it said in a filing to SGX before the market open on Friday.

The records were hit since the new CIL plant came into operation, it said.

Ezion

Ezion said on Thursday that it increased its investment in its wholly owned subsidiary, Teras Singapore 3, to S$50,000 from S$2.00 by subscribing for an additional 49,998 shares in cash for an aggregate consideration of S$49,998.

The investment was funded with internal resources and isn’t expected to have a material impact on earnings per share or net tangible assets for the current financial year, it said in a filing to SGX after the market close on Thursday.

Shopper360

Shopper360 said on Thursday that it hired Michael Tan Swee Seng as the new CEO for two subsidiaries, Pos Ad Sdn. and ShopperPlus Sdn.

Tan has nearly three decades of regional and senior level integrated marketing experience, it said in a filing to SGX after the market close on Thursday. The two roles had been vacant since April, it said.

Interra Resources

Interra Resources said on Thursday that its joint venture entity, Goldpetrol, has completed development well CHK 1211 in the Chauk oil field in Myanmar as an oil producer, for 12 barrels of oil per day.

CHK 1211 was drilled to a measured depth of 3,545 feet in the Chauk field North Fault Block as an offset well between two current, older producers, it said in a filing to SGX after the market close on Thursday. It added that CHK 1211 was the eighth well it drilled in Myanmar this year.

Interra has a 60 percent interest in the Improved Petroleum Recovery Contract of the Chauk field and also owns 60 percent of Goldpetrol, the field’s operator, it said.

Stamford Land

Stamford Land said on Thursday that it bought back 759,200 shares in the market at S$0.485 each for a total consideration including other costs of S$368,764.

Since the July 2018 start of the buyback mandate, Stamford Land has bought back 3,155,400 shares, or 0.365 percent of the issued shares excluding treasury shares at the time the mandate commenced, it said in a filing to SGX after the market close on Thursday.

CSE Global

CSE Global said on Thursday that it bought back 1 million shares in the market at S$0.45 each for a total consideration, including other costs, of S$451,156.

Since the April 2018 start of the buyback mandate, CSE Global has bought back 7,177,500 shares, or 1.39 percent of the issued shares excluding treasury shares at the mandate’s commencement, it said in a filing to SGX after the market close on Thursday.

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