UPDATE: Singapore stocks to watch Friday: Mapletree Industrial Trust, Noble, Heeton, KSH, SingPost

Singapore Post post boxes at the SingPost mCentre March 2018.Singapore Post post boxes.

These are Singapore stocks which may be in focus on Friday 14 December 2018:

Mapletree Industrial Trust

Mapletree Industrial Trust entered a deal to buy the nine-storey mixed-use property at 18 Tai Seng Street in Singapore for S$268.3 million, the REIT manager said in a filing to SGX on Thursday after the market close.

Read more: Mapletree Industrial Trust to acquire 18 Tai Seng property in Singapore for around S$268 million

Singapore Post

Singapore Post said on Friday that it tapped Vincent Phang Heng Wee, age 45, for the roles of CEO of postal services and CEO Singapore, making him responsible for the post, parcel and logistics for the Singapore business.

Prior to this role, Phang was CEO of ST Logistics and executive vice president of global logistics for Toll Group in Singapore from May 2013 through the present, SingPost said in a filing to SGX before the market open on Friday.

The appointment followed the retirement of Woo Keng Leong, age 63, who is CEO of postal services, effective 31 March 2019, it said in a separate filing to SGX. Woo will remain as postal advisor from 1 April 2019 to ensure a smooth transition, it said.

Noble Group

Troubled commodity trader Noble Group may see some of its officers come under scrutiny from Singapore authorities.

Read more: MAS: Looking into roles of Noble officers as part of investigation

Heeton Holdings and KSH

Heeton Holdings said on Thursday that a new subsidiary in Bhutan, called Dawa Hospitality, was incorporated in Bhutan, with the company’s wholly owned subsidiary Prospere Horizon, holding 1.48 million shares, or 74 percent.

The other shareholders of Dawa Hospitality, which is mainly involved in property development, investment holding and hospitality in Bhutan, are KSH Hotels Investments, which holds 200,000 shares, H10 Holdings, which holds 200,000 shares, and a Bhutanese investor, who holds 120,000 shares, it said.

KSH Hotels Investments is a wholly owned subsidiary of KSH Holdings, while H10 Holdings is a 40 percent-owned associated company of Ho Lee Group, it said. Dawa Hospitality, which has a development site near Bhutan’s only international airport, has a paid-up share capital of around S$3.89 million, it said.

KSH Hotels Investments acquired its 10 percent stake in Dawa Hospitality for S$450,000 from an unrelated third party seller, KSH Holdings said in a separate filing to SGX on Thursday.

Kingsmen Creatives

Kingsmen Creatives said on Thursday that its wholly owned subsidiary Kingsmen Exhibits entered a tie-up with toy company Hasbro International to launch a multi-brand carnvial, Toybox, in conjunction with venue operator Sentosa Development.

The Toybox event will be held on Singapore’s Sentosa island from 1 to 17 February and will attempt to bring toys to life on a super-sized scale, it said.

“Featuring seven popular Hasbro brands including Transformers, My Little Pony, NERF, Monopoly, Cluedo, Baby Alive and Play-Doh, Toybox will see activity zones as well as food, beverage and merchandise stalls spread across a 4,800 sqm playground,” it said in a filing to SGX after the market close on Thursday.

Soilbuild Construction Group

Soilbuild Construction Group said on Thursday that Sembcorp EOSM, which is a wholly owned subsidiary of Precast Concrete, has changed its name to Precast Concrete Builders, taking effect from 13 December.


Shopper360 said on Thursday that it tapped Matthew Ho, age 38, as its new group CEO, while the current Executive Chairman and Managing Director, Chew Sue Ann, will focus exclusively on the executive chairman role and driving strategy.

Read more: Shopper360 taps Matthew Ho as new CEO; Chew to remain executive chairman

Food Empire

Food Empire said on Thursday that its wholly owned subsidiary, Future Enterprises, subscribed to an additional 32.92 million shares at 1 ringgit each in the share capital of its wholly owned subsidiary, Empire Manufacturing, or EMSB, for a total consideration of 32.92 million ringgit, or around US$7.87 million.

The subscription for new shares incrased the total issued and paid-up share capital of EMSB to 66.42 million ringgit, or around US$17.11 million, comprising 66.42 shares, from 33.50 million shares, it said in a filing to SGX after the market close on Thursday.

Spackman Entertainment Group

Spackman Entertainment Group said on Friday that its film Default has grossed US$22.3 million in box revenue by Thursday after selling 3.07 million tickets since its release in South Korea on 28 November. The film’s estimated total production budget, including prints and advertising costs, was around 9.7 billion won, or US$8.6 million, it said.

This article was originally published on 14 December 2018 at 7:33 A.M. SGT; it has since been updated to add an item on Singapore Post.

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