Singapore stocks to watch Thursday: Ezion, Ascendas Hospitality Trust, ST Engineering

These are Singapore shares which may be in focus on Thursday 29 November 2018:

Ezion Holdings

Ezion Holdings said it wasn’t aware of any information that would explain the more than 40 percent surge in its stock price on Wednesday, but it added potential strategic investors had begun some due diligence.

Read more: Ezion points to potential strategic investors after 40 percent surge in stock price

Ascendas Hospitality Trust

Ascendas Hospitality Trust said on Wednesday that it agreed to acquire the Ibis Ambassador Seoul Insadong hotel for 77.5 billion won, or around S$94.5 million, from the Korean Teachers’ Credit Union and KT&G.

Read more: Ascendas Hospitality Trust to acquire second Seoul hotel

ST Engineering

ST Engineering said on Wednesday it injected US$3.73 million, or around S$5 million, which is a proportional share, into the capital of its 50 percent-owned joint venture company, Total Engine Asset Management (TEAM).

The injection will support the company’s expansion of its engine leasing business, it said in a filing to SGX after the market close on Wednesday. The total investments in TEAM are US$20.23 million, or around S$28 million, it said.

TEAM was established in 2011 by ST Aerospace and Marubeni Corp., it said.

ST Engineering

ST Engineering said on Wednesday that its aerospace arm incorporated Capella 2 Leasing Ltd. in Ireland with a paid-up capital of US$1.00 to serve as a holding company for aircraft leasing investments. Capella 1 was incorporated in Ireland earlier this month.

APAC Realty

APAC Realty said on Wednesday that the company’s shares will be included on the Central Provident Fund (CPF) board’s ordinary account CPF Investment Scheme (CPFIS). CPF is Singapore’s mandatory retirement account.

That means investors may use their CPF ordinary account fund to acquire APAC Realty shares, it said in a filing to SGX after the market close on Wednesday.

China Everbright Water

China Everbright Water said on Wednesday that it obtained a concession and waste-water treatment service agreement in Jiangsu Province, China after signing an agreement with the management committee of Jiangyin High-tech Industrial Development Zone.

Read more: China Everbright Water obtains water treatment project in Jiangsu Province

Boustead Projects

Boustead Projects said on Wednesday that it received a writ of summons filed by YCH Holdings in the High Court of the Republic of Singapore claiming breach of a contract.

Read more: Boustead Projects: Received writ of summons filed by YCH Holdings

Mapletree Logistics Trust

Mapletree Logistics Trust said on Wednesday that it completed  the acquisition of Coles Distribution Centre in Heathwood, Brisbane, Queensland, Australia. That brought its portfolio to 139 properties with a total value of assets under management of around S$7.7 billion, it said.

Asian Healthcare Specialists

Asian Healthcare Specialists said on Wednesday that it completed the acquisition of Asian Anaesthesia Care, or AAC, as part of its strategy to become a “one-stop” provider of all musculoskeletal-related medical care and post-surgery rehabilitation related services.

The company, which provides orthopaedic-related services, also set up a physiotherapy practice this month, it said in the filing to SGX after the market close on Wednesday.


Auto dealer MeGroup said on Wednesday that operations began for a new Honda 3S dealership in Kuala Selangor, Malaysia, at an interim location, with formal written approval from Honda Malaysia expected by the end of December. A 3S dealership offers the sale of new autos, after-sales services and sells auto parts and accessories.

A plot to build a permanent facility has been identified, MeGroup said in a filing to SGX after the market close on Wednesday. It added that it was in negotiations with the landlord over a lease on the property, with construction expected to begin in the first half of 2019.

Bukit Sembawang Estates

Bukit Sembawang Estates said on Wednesday that it increased its investment in its wholly owned subsidiary, BSEL Development, or BSELD, to S$3 million from S$1.00 by subscribing for an additional 2,999,999 shares at S$1.00 each.

The investment was made by capitalizing S$2,999,999 which BSELD owed the company, it said in a filing to SGX after the market close on Wednesday.

Spackman Entertainment Group

Spackman Entertainment Group said on Thursday that its film Default opened at No.1 at the South Korean box office on its first day of wide release on Wednesday, taking 39.8 percent of the nationwide market share of box office revenue for the day.

The film had 315,052 ticket admissions and gross box office revenue of US$1.7 million on Wednesday, Spackman said in a filing to SGX before the market open on Thursday.

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