Singapore stocks to watch Tuesday: SIA, Keppel, Kimly, Declout, Boustead Projects

Singapore Airlines aircraft taken from terminal windows in August 2018.Singapore Airlines aircraft taken from terminal windows in August 2018.

These are Singapore stocks which may be in focus on Tuesday 18 December 2018:

Singapore Airlines

Singapore Airlines said on Monday that its passenger load factor (PLF) for November improved across its Singapore Airlines and SilkAir brands, while declining for Scoot.

Read more: Singapore Airlines passenger loads rise in November

Keppel Corp.

Keppel Shipyard, a wholly owned subsidiary of Keppel Offshore & Marine, has received a limited notice to proceed from Golar LNG’s subsidiary, Golar Gimi Corp., to begin early conversion works for the Gimi FLNG over a period of up to four months, in an agreement worth up to S$50 million, Keppel Corp. said on Monday.

Full construction activities will begin when Keppel Shipyard receives the final notice to proceed, Keppel said in a filing to SGX after the market close on Monday.

The Gimi FLNG is slated to support phase one of the Greater Tortue/Ahmeyim project, which is offshore West Africa, it said.


Kimly issued a business update before the market open on Tuesday, highlighting its strategy and that “recent events” involving Executive Chairman Lim Hee Liat and Executive Director Chia Cher Khiang haven’t affected daily operations. 

Earlier this month, Lim and Chia were arrested by the CAD for being concerned or reasonably suspected of being involved in an offence under the Securities and Futures Act section 199, which relates to making false or misleading statements. The two were released on bail and Lim has said there have been no formal charges

Kimly said on Tuesday that it would continue to expand its footprint via bidding for more coffee shop locations from HDB and by diversifying its offerings via the acquisition of Japanese restaurant chain Tonkichi and confectionery business Rive Gauche. It also plans to continue to introduce cashless payments and other technology, including a central kitchen ordering system, as well as tying up with food delivery services such as GrabFood and Deliveroo, it said. 

Kimly also said it was working to “nurture” new food and beverage entrepreneurs to ensure its hawker center stalls remain occupied.


DeClout said on Monday that it would sell its wholly owned subsidiary Corous360 to Choo See Wee for S$21.90 million, which will be settled as a 12.5 percent stake in Grand Centrex Ltd., or GCL.

Read more: DeClout sells Corous360 subsidiary for stake in Grand Centrex

Q&M Dental Group

Q&M Dental Group said on Monday that it incorporated a wholly owned subsidiary in Singapore, called Q&M College of Dentistry, to offer higher-education and other training programs.

The new subsidiary has an initial issued and paid-up capital of S$100,000, comprising 100,000 ordinary shares, it said in a filing to SGX on Monday.

Boustead Projects

Boustead Projects said on Monday that BP Batu Kawan, a wholly owned subsidiary in Malaysia which is held via wholly owned subsidiary BP Lands, has increased its issued and paid-up capital to 1 million ringgit from 2 ringgit.

That was via the allotment and issuance of 999,998 new shares at 1 ringgit each to BP Lands, it said in a filing to SGX after the market close on Monday.

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