UPDATE: Singapore stocks to watch Monday: SembMarine, SGX, Oxley, SLB, Spackman

SGX ticker at Shenton Way building in Singapore; taken October 2018.SGX ticker at Shenton Way building in Singapore; taken October 2018.

These are Singapore stocks which may be in focus on Monday 22 October 2018:


Sembcorp Marine said on Monday that it obtained an around US$166 million contract from Teekay Offshore Partners’ wholly owned subsidiary, Varg LLC, to work on the Petrojarl Vargo FPSO.

Read more: SembMarine inks contract with Teekay Offshore for FPSO repair job

Singapore Exchange

Singapore Exchange reported on Friday that its net profit for the fiscal first quarter rose 0.4 percent on-year to S$91.07 million, as a jump in revenue from derivatives was offset by declines from equities and fixed income.

Read more: Singapore Exchange: Fiscal 1Q19 net profit nearly flat, bolstered by derivatives revenue rise

Oxley, SLB, Heeton and KSH

Oxley Holdings, SLB Development, KSH Holdings and Heeton Holdings said on Friday that the launch of the residential units in their joint venture project in Gaobeidian, China, would be delayed while waiting for market sentiment to improve.

Read more: Oxley, SLB, Heeton and KSH: Delaying launch of China JV residential-property project

Keppel Infrastructure Trust

Basslink Pty., part of the Keppel Infrastructure Trust portfolio, said on Monday that it rejected the allegations in the notice of disputes under its services agreement, which it received from Hydro Tasmania on Friday.

Read more: Basslink: Rejects allegations in Hydro Tasmania’s notice of disputes

Oxley Holdings

Oxley Holdings said on Friday that the new Urban Redevelopment Authority (URA) guidelines on the maximum numbers of dwelling units in residential developments would have minimal impact on its proposed projects in Singapore.

“They have been granted provisional permission and will not be subject to the revised guidelines,” it said in a filing to SGX on Friday.

The guidelines will be applied to development applications submitted to URA from 17 January, URA said.

The URA said dwelling units at all new residential developments outside the central area must average 85 square meters, up from 70 square meters previously. It also set nine areas where the average would be 100 square meters as the cumulative effect of new developments could “pose a severe strain on local infrastructure.”

OUE Lippo Healthcare

OUE Lippo Healthcare said on Friday that at the close of its rights issue on 17 October, it had received valid acceptances and excess applications for 2.09 billion rights shares, representing around 94.1 percent of the total 2.22 billion rights shares available.

The balance 130.62 million rights shares will be underwritten by OCBC, it said in a filing to SGX on Friday.

The rights shares are expected to be allotted and issued on 23 October and listed on SGX’s Catalist board on or around 25 October, it said.


AusGroup said on Friday that all 267 votes cast at its extraordinary general meeting were in favor of its resolution to restructure its debt, while noteholders representing 88.41 percent of the principal amount outstanding cast their votes.

It said noteholders of S$69.38 million, or 95.36 percent of the total principal amount, elected to take a cash installment option, while the remainder, holding S$3.37 million, took an equity redemption payment option.

Spackman Entertainment

Spackman Entertainment said on Friday that it entered a deal to acquire all of South Korean movie and drama investor Greenlight Content from four independent third parties for around US$5.0 million, or around S$6.9 million, in an all stock deal.

Read more: Spackman Entertainment: Acquiring Korean movie investor Greenlight Content


Asiatravel.com said on Friday that it has submitted an appeal to the Minister of Trade & Industry against the Singapore Tourism Board’s notice of decision to suspend the company’s travel agent licences.

In September, Asiatravel.com said the Singapore Court had granted the company a moratorium until 30 November restraining activities including any winding-up resolutions, the appointment of a receiver over any property of the company and commencing any proceedings against the company.

The company has previously highlighted that it faced “minor cash flow issues” and a lack of qualified accounting staff.

This article was originally published on Monday 22 October 2018 at 7:11 A.M. SGT; it has since been updated to add an item on Keppel Infrastructure Trust. 

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