These are the Singapore stocks which may be in focus on Friday 19 October 2018:
Keppel Corp. reported on Thursday that its net profit for the third quarter fell 14.9 percent on-year to S$225.67 million amid lower contributions from property trading.
Consortium SM Investments entered a binding agreement to invest S$530 million for a 60 percent stake in troubled water-treatment and power generation company Hyflux, the two companies said on Thursday.
Keppel Infrastructure Holdings’ wholly owned subsidiary, Keppel Seghers Belgium, obtained a contract to supply waste-to-energy (WTE) technology and services valued at more than 70 million euros for Australia’s first WTE plant in Kwinana, Keppel said on Thursday.
Frasers Commerical Trust
Frasers Commercial Trust reported its net property income for the fiscal fourth quarter fell 19.2 percent on-year to S$21.61 million on the divestment of the 55 Market Street property, lower occupancy at some properties and a weaker Australian dollar.
Singapore Airlines said on Thursday that it launched and priced S$600 million in aggregate principal of 3.16 percent notes due 2023 to fund aircraft purchases and aircraft related payments.
Oxley Holdings said on Thursday that its wholly owned subsidiary, Oxley Diamond, entered a joint venture agreement with Trinity Assets to develop land in Selangor, Malaysia.
CapitaLand said on Thursday that it completed the acquisition of 16 freehold multifamily properties in the U.S. The property holding entities have become wholly owned subsidiaries of CapitaLand, it said.
Mapletree Logistics Trust
Mapletree Logistics Trust’s manager said on Thursday that the divestment of the property at 531 Bukit Batok Street 23 in Singapore has been completed.
Following the divestment, MLT’s portfolio has 138 properties, including 53 properties in Singapore, nine in Hong Kong, 20 in Japan, nine in Australia, 11 in South Korea, 20 in China — where it has a 50 percent interest in 11 properties — 14 in Malaysia and three in Vietnam, it said in a filing to SGX after the market close on Thursday. Assets under management are valued at S$7.6 billion as of 30 June and considering the acquisition of five logistics properties in Singapore, announced in July, it said.
BreadTalk said on Thursday that its wholly owned subsidiary Together Inc. incorporated a joint venture company, BTG-WPC Venture, in Singapore with an issued and paid-up capital of S$2.0 million.
The joint venture creation was part of BreadTalk’s tie-up with Taiwan-based Wu Pao Chun Food, or WPC, to operate Wu Pao Chun brand bakeries in Singapore and Hong Kong.
BTG-WPC Venture will be 80 percent owned by Together Inc. and will be principally engaged in the wholesale trade of confectionery and bakery products and the manufacture of bakery products, it said in a filing to SGX after the market close on Thursday.
BreadTalk’s equity investment in the joint venture was funded via internal resources and wasn’t expected to have a material impact on consolidated net tangible assets or earnings per share for the current financial year ending 31 December, it said.