Singapore stocks to watch Friday: Keppel REIT, Kimly, KIT, Creative, No Signboard

Singapore public housing blocks in 1968; unknown location.Singapore public housing blocks in 1968; unknown location. Taken by Leonard Shaffer.

These are Singapore stocks which may be in focus on Friday 30 November 2018:

Keppel REIT

Keppel REIT agreed to divest 20 percent of its subsidiary, Ocean Properties, which holds a 99.9 percent interest in Ocean Financial Centre, to Allianz Real Estate for S$537.3 million, the REIT manager said in a filing to SGX before the market open on Friday.

Read more: Keppel REIT divests 20 percent of Ocean Financial Centre to Allianz

Kimly

Kimly requested late on Thursday that its shares resume trading on Friday. On Tuesday, it had requested trade in its shares be suspended; it had requested a trading halt last week.

On Tuesday, Kimly had said it requested the voluntary suspension to handle regulatory orders over certain information, updates to a recent acquisition and its unaudited full-year results. Late on Thursday, it made announcements on all of those matters.

Kimly

Singapore-style coffee shop operator Kimly said late on Thursday that Singapore’s Commercial Affairs Department (CAD) and the Monetary Authority of Singapore (MAS) had requested documents and equipment related to its IPO and its acquisition, now cancelled, of Asian Story Corp. (ASC).

Read more: Kimly: Singapore authorities seek documents, equipment related to IPO and Asian Story

Kimly

Singapore-style coffee shop operator Kimly said late on Thursday that it would retroactively cancel its July acquisition of beverage distributor Asian Story Corp. (ASC) for S$16 million and potential earn-out payments.

Read more: Kimly: Cancelling acquisition of beverage distributor Asian Story

Kimly

Kimly reported late on Thursday that its fiscal full-year net profit rose 2.1 percent on-year to S$28.09 million, amid higher contributions from both its outlet management division and its food retail division.

Read more: Kimly reports fiscal full-year net profit rose 2 percent on increased food retail and outlet revenue

Keppel Infrastructure Trust and Basslink

Basslink Pty., part of the Keppel Infrastructure Trust portfolio, said on Thursday that it had followed the dispute resolution procedures with Hydro Tasmania and the disputes have not been resolved, with the matter now referred to arbitration.

Read more: Basslink: Hydro Tasmania dispute referred to arbitration

SGX RegCo

Singapore Exchange Regulation, or SGX RegCo, said on Thursday it was seeking feedback on proposed changes to the listing review process and to the regulation of issue managers.

Read more: SGX RegCo proposes changes to listing review process

Creative Technology

Creative Technology said on Thursday that it had tied up with white-label video publishing platform iVideoSmart to incorporate its Super X-Fi technology into the video platform.

Read more: Creative Technology sets tie-up with iVideoSmart for Super X-Fi technology

No Signboard Holdings

Singapore chilli crab icon No Signboard Holdings reported on Thursday a fiscal full year net loss of S$2.31 million, swinging from a year-ago profit of S$7.72 million, amid the impairment of its beer business.

Read more: No Signboard reports fiscal full year net loss of S$2.31 million amid beer business impairment

Accordia Golf Trust

Fund management firm Hibiki Path Advisors became a substanial shareholder of Accordia Golf Trust, acquiring 53 million shares of the Japanese golf course operator for S$22.79 million in an off-market transaction, it said in a filing to SGX after the market close on Thursday.

Read more: Hibiki Path Advisors becomes substantial shareholder of Accordia Golf Trust

Delong Holdings

Delong Holdings said on Thursday that it will be required to shut down a blast furnace on Friday as part of autumn and winter air pollution policies in China’s Xingtai City.

Read more: Delong Holdings: Required to shut down blast furnace in China, denting revenue

SATS

SATS said on Thursday that it received a business license in China to incorporate SATS (Tianjin) Food as part of its investment agreement with Tianjin Wuqing Hexiwu Town Government to build and operate a central kitchen.

SATS (Tianjin) Food, which is a wholly owned subsidiary of SATS China, will have registered capital of 120 million yuan, or around S$23.7 million, it said in a filing to SGX after the market close on Thursday.

Yanlord Land Group

Yanlord Land Group said on Thursday that its wholly owned subsidiary, Nanjing Renyuan Investment, set up a new company in Shanghai, China, with an interest of 40 percent.

The new company, called Shanghai Jiaxun Enterprise Development, has a registered capital of 20 million yuan and will primarily be involved in property development and related activities, it said in a filing to SGX after the market close on Thursday.

Mapletree Logistics Trust

Mapletree Logistics Trust said on Thursday that it completed the acquisition of Wonjin Logistics Centre in South Korea.

Including the acquisition, the trust’s portfolio has increased to 140 properties, with a total value of assets under management of around S$7.8 billion, it said in a filing to SGX after the market close on Thursday.

Silverlake Axis

Silverlake Axis said on Thursday that it established a wholly owned subsidiary, QR Retail Automation Vietnam, or QRV, in Vietnam earlier this month, with an issued and paid-up share capital of 1.14 billion Vietnamese dong, or around US$50,000.

QRV will mainly develop new business in the local market and provide application management services and software maintenance support services to local customers, it said in a filing to SGX after the market close on Thursday.

Asiatravel.com

Asiatravel.com said on Thursday that the Singapore court has granted its application for an extension to file applications under the portions of the Companies Act related to court orders for creditor meetings to consider debt restructuring proposals.

The extension for the application, as well as a corresponding extension for a moratorium on creditor actions against the company, was granted to no later than 21 January 2019, it said in a filing to SGX after the market close on Thursday, adding that the court said this would be the final time extension.

Asiatravel.com said that it was now in the process of preparing the applications.

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

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