UPDATE: Singapore stocks to watch Monday: Capitaland, SPH, Qian Hu, Sembcorp, No Signboard, Keppel, Creative

Singapore street sceneSingapore street scene

These are Singapore stocks which may be in focus on Monday, 14 January 2019:

CapitaLand

CapitaLand entered a deal with Temasek’s Ascendas-Singbridge, or ASB, to acquire two subsidiaries in a deal valued at S$11 billion, it said in a filing to SGX before the market open on Monday.

Read more: UPDATE: CapitaLand to acquire Temasek-tied Ascendas-Singbridge subsidiaries in deal valued at S$11 billion

Singapore Press Holdings

Singapore Press Holdings, or SPH, reported on Friday that its fiscal first quarter net profit fell 6.3 percent on-year to S$57.9 million as investment income dropped due to a year-earlier gain.

Read more: UPDATE: SPH reports fiscal 1Q net profit fell 6.3 percent as investment income dropped

Keppel

Keppel Infrastructure obtained around S$40 million contract to design, build and operate pipe racks on Singapore’s Jurong Island, Keppel said in a filing to SGX before the market open on Monday.

Read more: Keppel Infrastructure lands contract for around S$40 million pipe-rack project

Qian Hu

Ornamental and edible fish breeder Qian Hu reported on Friday that its fourth quarter net profit tumbled 63.5 percent on-year to S$46,000, dented by a dragon fish price war.

Read more: Ornamental fish breeder Qian Hu reports 4Q18 net profit dropped amid dragon fish price war

Sembcorp Industries

Sembcorp Industries said on Friday that its wholly owned subsidiary Sembcorp Properties (Vietnam) has incorporated two wholly owned entities. The first is Lakeside Garden Development, which was incorporated in Singapore as an investment holding company. It has paid-up capital of US$3.4 million, it said in a filing to SGX after the market close on Friday.

Lakeside Garden Development owns the second entity, a local project company incorporated in Vietnam and called Hai Phong Lakeside Garden Development, it said, adding it has charter capital of US$900,000.

The two entities were established to acquire land for potential residential development in Hai Phong City, Vietnam, it said.

No Signboard Holdings

No Signboard Holdings said on Friday that Executive Vice President Quek Arthur, age 52, has stepped down from his role, effective Sunday, to pursue other interests. Quek has been responsible for oversight of the operations of the beer business, Danish Breweries, it said in a filing to SGX after the market close on Friday.

Lim Yong Sim (Lin Rongsen), executive chairman and CEO, will now oversee Danish Breweries, it said.

Creative Technology

Creative Technology said on Monday it would enter the OEM market to widen the market for its Super X-Fi sound products, noting it won 10 “best of” awards at the CES 2019 technology exhibition in Las Vegas.

Read more: Creative Technology to accelerate plans to enter OEM market

Bumitama Agri

Bumitama Agri said on Friday that it entered term loan facilities of a total US$150 million with DBS Bank, OCBC Bank and Sumitomo Mitsui Banking Corp. for refinancing any notes issued under its Islamic medium-term note program and to fund general corporate purposes, including capital expenditure and working capital.

The faculties contain change of control covenants, which if breached, could result in all outstanding amounts becoming immediately due, it said in a filing to SGX after the market close on Friday.

Accordia Golf Trust

Accordia Golf Trust reported on Friday that it had 464,872 players in December, up 1.5 percent on-year, with a utilization rate of 75.5 percent down 0.6 percentage point on-year.

For the April-to-December period, Accordia Golf Trust had 4.50 million players on its golf courses, down 2.4 percent from the year-ago period, it said in a filing to SGX after the market close on Friday. The April-to-December utilization rate was 78.5 percent, down 1.9 percentage point on-year, it said.

TEE International

TEE International said on Friday that its loss attributable to shareholders was S$1.89 million for the fiscal second quarter, narrowing from a loss of S$5.22 million in the year-earlier quarter.

Revenue for the three months ended 30 November rose 36.1 percent on-year to S$61.10 million after including revenue from the waste and recycling management subsidiaries, which were acquired in December 2017, it said in a filing to SGX after the market close on Friday

The cost of sales rose 38.1 percent on-year in the quarter to S$52.29 million due to the acquisition, TEE International said.

The share of results of associates and joint ventures was a loss of S$50,000 in the quarter, swinging from a year-earlier gain of S$1.75 million, mainly on the share of losses from TEE Land’s associated companies, it said.

TEE Land

TEE Land reported on Friday that its net profit attributable to shareholders was S$65,000 for the fiscal second quarter ended 30 November, swinging from a year-ago loss of S$6.74 million.

Revenue for the quarter was up 2.5 percent on-year at S$21.35 million, mainly on higher revenue from development projects, including 24One Residences, Rezi 35 and The Peak @ Cairnhill, partly offset by lower revenue from Third Avenue in Malaysia and the absence of the year-earlier contribution from Harvey Avenue, it said in a filing to SGX after the market close on Friday.

Shopper360

Shopper marketing service provider Shopper360 reported on Friday that its fiscal first-half net profit attributable to shareholders dropped 36 percent on-year to 2.95 million ringgit, mainly on higher administrative costs.

Revenue for the six months ended 30 November, rose 13 percent on-year to 77.49 million ringgit, mainly on higher contributions from sampling activities and evens management and the field force management segments due to new projects from existing customers and new customers, it said in a filing to SGX after the market close on Friday.

Administrative expenses for the fiscal first half rose 28 percent on-year to 16.62 million ringgit, mainly on expenses at two new subsidiaries, ShopperPlus Myanmar and Retail Galaxy, and costs for business expansion by Gazelle Activation and ShopperPlus Sdn. Bdn., it said.

This article was originally published on Monday, 14 January 2019 at 7:08 A.M. SGT; it has since been updated to add items on CapitaLand, Creative Technology and Keppel Corp.

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