These are the Singapore stocks which may be in focus on Wednesday 24 October 2018:
Singtel said on Wednesday that it entered an agreement with its associate, India-based Bharti Airtel, to invest US$250 million, or around S$344 million, in Airtel Africa, which has operations in 14 African countries.
Mapletree Industrial Trust
Mapletree Industrial Trust reported on Tuesday its fiscal second quarter net property income edged down 0.1 percent on-year to S$70.59 million, amid a one-off gain in the year-ago period and lower occupancy in the Singapore portfolio.
Suntec REIT reported on Wednesday that its third-quarter net property income fell 11.4 percent on-year to S$56.5 million, hurt by a weaker Australian dollar and a sinking fund cost for office upgrading works at Suntec City’s office segment.
Hyflux on Tuesday published a list of frequently asked questions about its deal for strategic investor, consortium SM Investments, to invest a total of S$530 million. It pointed to the “strategic fit” it had with the consortium.
Singapore state-owned investment company Temasek said on Tuesday that the public-offer tranche of its five-year bond met with huge demand.
Frasers Centrepoint Trust
Frasers Centrepoint Trust’s manager said on Wednesday that its fiscal fourth quarter net property income fell 4.9 percent on-year to S$32.88 million on higher property expenses.
UOB inked a deal with Shanghai Qilu Industrial (Group) to provide up to 3 billion yuan, or around S$600 million, in financing to companies based in Shandong, China, to help them expand into Southeast Asia, the Singapore bank said on Tuesday.
Keppel-KBS US REIT
Keppel-KBS US REIT’s manager said on Tuesday that it obtained a US$80 million five-year term loan facility, with a condition that it will be required to repay it within 10 business days if Keppel Corp. and its subsidiaries, KBS Capital Advisors and its subsidiaries and KBS Pacific Advisors cease to own all the issued share capital of the manager.
Sasseur REIT’s manager said on Tuesday that its sponsor, Sasseur Cayman Holding, purchased additional units in the China outlet mall REIT “as a demonstration of ongoing confidence in the business prospects.”
Hong Leong Asia
Hong Leong Asia said on Tuesday that its rights issue of 373.91 million new shares, priced at S$0.54 each, was fully subscribed, with net proceeds of around S$201.3 million.
OUE Lippo Healthcare
OUE LIppo Healthcare said late on Tuesday that its 2.22 billion rights shares were allotted and issued on Tuesday, with gross proceeds of around S$149.96 million.
The rights shares wil be credited to securities accounts on 25 October and will be listed and quoted on SGX’s Catalist board on that day, it said in a filing to SGX after the market close on Tuesday.
After the issuance of the rights shares, the total number of its issued shares has risen to 4.44 billion, it said.
This article was originally published on Wednesday 24 October 2018 at 7:51 A.M. SGT; it has since been updated to add an item on Suntec REIT.