Singapore stocks to watch Tuesday: CapitaLand, Sembcorp, Yangzijiang, SIA Ascendas REIT

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These are the Singapore stocks which may be in focus on Tuesday 18 September 2018:

CapitaLand

CapitaLand has acquired a portfolio of 16 multifamily properties in the U.S. for US$835 million, or around S$1.14 billion, in a move to ride on growing demand for long-term rental housing, it said in an SGX filing before the market open on Tuesday.

The portfolio comprises 3,787 apartment units located in suburban communities of the metropolitan areas of Seattle, Portland, Greater Los Angeles and Denver, with a price per unit of US$220,000, which it said was consistent with market transactions, the filing said.

Read more: CapitaLand acquires 16 multifamily US properties for US$835 million

Sembcorp Industries

Sembcorp Industries said on Tuesday that it signed a 20-year deal to supply Facebook with solar energy to support the tech giant’s recently announced operations in Singapore.

Facebook recently said it would locate a 170,000 square meter data center in Singapore, it noted. For Facebook, that’s an investment of more than US$1 billion to build its first data center in Asia, with the project expected to open in 2022, Reuters reported.

Read more: Sembcorp Industries signs 20-year deal to supply solar power to Facebook in Singapore

Yangzijiang Shipbuilding and Mitsui & Co.

Yangzijiang Shipbuilding said on Monday that it entered a joint venture with Mitsui & Co. to establish a company in Panama to combine it shipbuilding expertise with the Japanese company’s access to ship owners.

The joint venture company will have an initial registered share capital of US$13.2 million, with each company investing 50 percent of that amount for a 50 percent stake, it said in a filing to SGX after the market close on Monday.

Read more: Yangzijiang Shipbuilding enters JV with Mitsui & Co in Panama

Singapore Airlines

SIA Group airlines’ passenger load factor for August improved by 4.3 percentage points to 85.2 percent, while passenger carriage, measured in revenue passenger kilometers, increased 11.7 percent on-year, outpacing a 6.1 percent capacity increase, the carrier said in a filing to SGX after the market close on Monday.

The passenger load factor (PLF) for Singapore Airlines improved 4.4 percentage points to 84.8 percent, while passenger carriage rose 8.9 percent on-year, faster than a 3.2 percent rise in capacity, it said.

Read more: SIA Group airlines’ passenger load rises in August

OUE and OUE Lippo Healthcare

Both OUE and OUE Lippo Healthcare have requested trading halts before the market open on Tuesday. Neither provided more detail in the filings to SGX.

Ascendas REIT

Ascendas REIT said on Tuesday that it has issued 178 million new units at S$2.54 each which will begin trading on the main board of SGX on Tuesday. This was part of a previously announced private placement to raise S$452.1 million, which was earmarked in part to fund the acquisition of a second portfolio of U.K. logistics properties.

World Class Global

World Class Global, or WCG, said on Monday that it planned to reduce its debt profile by A$215 million after recording revenue of A$383 million from buyers at its two Melbourne, Australia, residential projects.

So far, debts totaling A$135 million and A$60 million have been repaid for the AVANT and Australia 108 projects respectively, it said, with another A$20 million related to Australia 108 expected to be paid by the end of the third quarter, WCG said.

Read more: World Class Global set to reduce debt by A$215 million on development proceeds

Sembcorp Industries

Sembcorp Industries said on Monday its wholly owned subsidiary, Sembcorp Development, has incorporated a wholly owned subsidiary in Singapore, Sembcorp Properties (Vietnam), with a paid-up capital of S$4.69 million. SCP Vietnam’s main activity will be as an investment holding company, it said in a filing to SGX on Monday after the market close.

It also incorporated two special purpose vehicles, or SPVs, to participate in a conditional land bidding exercise for a mixed-use development in Vietnam, the filing said.

Han Cape Development, a wholly owned subsidiary of SCP Vietnam, was incorporated in Singapore with a paid-up capital of S$14,200, while Han Cape Development is also the holding company of wholly owned Danang Han Cape Development, which was incorporated in Vietnam with an initial capital of US$10,000, it said.

Ascendas REIT

Ascendas REIT’s manager said on Monday that it completed the acquisition of Cargo Business Park in Brisbane, Australia, for A$33.5 million, or around S$33.9 million.

The total acquisition cost was A$36.1 million, comprising the purchase consideration of A$33.5 million and transaction costs of around A$2. million, it said in a filing to SGX after the market close on Monday.

The acquisition was funded by internal resources and existing debt facilities, it said. After the deal’s completion, Ascendas REIT will own 98 properties in Singapore, 35 in Australia and 12 in the U.K., it said.

Valuetronics

Valuetronics said late on Monday that torrential rain from typhoon Mangkhut, which struck Southern China on Sunday, caused flash flooding at one of its manufacturing facilities, in Danshui Town in Guangdong Province.

The typhoon had hurricane force winds of over 200 kilometers an hour, or around 124 miles an hour, and it struck the Philippines, Hong Kong, Macau and China, with at least 50 killed in the Philippines and at least four on mainland China, Reuters reported.

Read more: Valuetronics facility in China sees flooding from typhoon Mangkhut

Addvalue Technologies

Addvalue Technologies said on Monday that its iFleetOne maritime satellite communications terminal and proprietary Vessel Monitoring System (VMS) is now type approved by the U.S. National Marine fisheries Service (NMFS) Office of Law Enforcement (OLE) as meeting the requirements of a program for use in certain fisheries.

It is mandatory for all commercial fishing vessels permitted to fish in certain U.S. Fisheries Management regions to carry NMFS/OLE type approved VMS terminals that securely report their GPS positions, it said in a filing to SGX after the market close on Monday.

Addvalue said that its iFleetONE VMS is an advancement as it has broadband capability and can work with most smartphones.

China Everbright Water

China Everbright Water said on Monday that it signed a supplemental agreement and secured Jiangsu Yangzhou Jiangdu Development Zone Industrial Waste Water Centralised Pre-treatment and Ancillary Pipeline Network Project.

It will be responsible for the investment, construction and operation of the project, which requires and investment of around 55 million yuan, it said in a filing to SGX after the market close on Monday.

As an ancillary project to its Yangzhou Jiangdu Development Zone Waste Water Treatment Project, the new project will include an industrial waste water pre-treatment project with a daily treatment capacity of 6,000 cubic meters and 4.5 kilometers of pipeline network, it said.

Separately, China Everbright Water said it recently secured the Liaoning Dalian Pulandian Sludge Advanced Treatment Project, which has a total designed daily sludge advanced treatment capacity of 70 tonnes. The project phase one has a designed daily treatment capacity of 50 tonnes and requires an investment of around 16 million yuan, it said.

Sapphire Corp.

Sapphire Corp. said on Monday that it secured a subway infrastructure construction contract in Hangzhou, China, for around 436 million yuan.

The project involves the construction of one subway station and two intervals, including underground passenger pathway access in an urban environment, it said in a filing to SGX after the market close on Monday.

The completion of the core infrastructure structures will be planned in phases over a 22-month period, it said.

City Developments

City Developments said on Monday that it bought back 100,000 shares in the market at S$8.74 to S$8.82 each for a total consideration, including other costs, of S$881,772.

Since the April 2018 beginning of the buyback mandate, City Developments has bought back 1.4 million shares, or 0.154 percent of the issued shares excluding treasury shares at the time the mandate started, it said in a filing to SGX after the market close on Monday.

Roxy-Pacific Holdings

Roxy-Pacific Holdings said on Monday that it bought back 200,000 shares in the market at S$0.40 each for a total consideration, including other costs, of S$80,248.

Since the April 2018 start of the buyback mandate, Roxy-Pacific has bought back 7,182,400 shares, or 0.6035 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 Monday.

Stamford Land

Stamford Land said on Monday that it bought back 533,500 shares in the market at S$0.49 to S$0.495 each for a total consideration, including other costs, of S$263,997.

Since the July 2018 beginning of the buyback mandate, Stamford Land has bought back 6,949,600 shares, or 0.804 percent of the issued shares excluding treasury shares at the time the mandate started, it said in a filing to SGX after the market close on Monday.

PACC Offshore Services

PACC Offshore Services said on Monday that it appointed Edward Chiu Wai Chi, age 57,  as chief financial officer. Chiu has been the chief financial officer for YCH Group since February 2016, it said in a filing to SGX after the market close on Monday.

Q&M Dental

Q&M Dental said on Monday that it bought back 130,000 shares in the market at S$0.495 each for a total consideration, including other costs, of S$64,653.

Since the April 2018 start of the buyback mandate, Q&M Dental has bought back 8,266,100 shares, or 1.04 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 Monday.

 

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