Singapore stocks to watch Monday: Singtel, UOB, Sasseur REIT, Japan Foods, Ascendas India Trust

Singapore UOB bank branchSingapore UOB bank branch

These are Singapore stocks which may be in focus on Monday 10 December 2018:

Singtel

Singtel’s Optus said on Monday that it acquired new regional licences in the 3.6 GHz spectrum band, which will let it expand its 5G telecommunications services across Australia.

Read more: Singtel’s Optus acquires regional licences to expand 5G offerings in Australia

UOB

UOB said on Friday that the increase in paid-up capital of Ping An Fund Management Co. (PAFMC), which was previously called Ping An UOB Fund Management Co., to 1.3 billion yuan from 300.0 million yuan has reduced UOB Asset Management’s shareholding in PAFMC to 17.51 percent from 25 percent.

Because of the change, PAFMC is no longer an associated company of UOB, it said.

UOB Asset Management is a subsidiary of UOB, it said.

Sasseur REIT

Sasseur REIT will be added as a constituent of two Global Property Research (GPR)/Asia Pacific Real Estate Association (APREA) indexes, the REIT manager said on Friday.

Read more: Sasseur REIT: To be added to two GPR/APREA indexes

Ascendas India Trust

Ascendas India Trust has priced 4 billion yen 0.64375 percent notes due 2023, or the series 009 notes, at 0.64375 percent per annum with a tenor of five years, the trust manager said in a filing to SGX on Friday.

Read more: Ascendas India Trust prices 4 billion yen notes

Japan Foods and Minor International

Japan Foods said on Friday that it signed a binding memorandum of understanding (MOU) with Minor Food Group (Singapore) to expand the geographical reach of their restaurant brands.

Read more: Japan Foods sets tie-up with Thai Express operator Minor Singapore

Thai Beverage

Thai Beverage said on Friday that Max Asia — a 70:30 joint venture company between Food of Asia (FOA), which is a direct wholly owned subsidiary of ThaiBev, Mei-Xin (International) and Mei-Xin (Hong Kong) — has completed an increase in its registered capital of 40 million baht, consisting of 4 million shares at 10 baht each.

That bought Max Asia’s registered capital to 80 million baht, with 8 million ordinary shares, up from 40 million baht and 4 million shares, it said in a filing to SGX after the market close on Friday.

FOA’s portion of the investment was funded through ThaiBev’s internally generated funds, it said. Max Asia will use the funds for current business operations, investment in future expansion and payment of outstanding receivables, it said.

FOA holds 70 percent of Max Asia, while Mei-Xin HK holds 0.000025 percent and Mei-Xin (International) holds the remainder, it said.

Frasers Property

Frasers Property said on Friday that it acquired the 25 percent of Frasers (NZ) it didn’t already own from Region Development for S$1, making the company a wholly owned subsidiary.

The joint venture between Frasers Property and Region Development has also been terminated, it said in a filing to SGX after the market close on Friday.

The existing shareholders loan of around S$4.74 million which Frasers (NZ) owed to Region Development was also assigned to Frasers Property for a consideration of S$1, it said.

Synagie

Synagie said on Friday that it incorporated a new direct subsidiary in Vietnam, called Synagie (Vietnam) for wholesale and retail distribution of goods and express services. The new subsidiary will have issued and paid-up capital of 230 million Vietnamese dong, which was mainly funded by internal resources, it said in a filing to SGX.

AsiaPhos

AsiaPhos said on Friday that Bohai Bank extended a new banking facility of 21.57 million yuan to Sichuan Mianzhu Norwest Phospate Chemical for a one-year term starting from 7 December.

The new banking facility, which has a 7 percent per annum interest rate, will be used to repay the balance of an existing 24.0 million bank facility from Bohai, which expired on 31 July, it said in a filing to SGX on Friday. The company had repaid 2.43 million yuan of the existing facility since July, it said.

The new facility will be secured by land use rights for a site in Gongxing Industrial Zone in Sichuan Province, certain property, plant and equipment and a corporate guarantee from AsiaPhos for the performance of Mianzhu Norwest’s obligations, it said.

Spackman Entertainment Group

Spackman Entertainment Group said on Monday that its film Default has grossed US$20 million in box office revenue, passing the break-even point of 2.6 million tickets in 12 days.

“As the producer and one of the investors of Default, the group expects the film to start contributing positively to the group’s upcoming financial performance from now onwards,” it said in a filing to SGX before the market open on Monday.

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