Singapore stocks to watch Thursday: CapitaLand Commercial, Sembcorp, Mapletree Commercial

Singapore CBDSingapore CBD

These are Singapore stocks which may be in focus on Thursday, 24 January 2019:

CapitaLand Commercial Trust

CapitaLand Commercial Trust reported on Thursday that its fourth quarter net property income jumped 16.6 percent on-year to S$79.27 million as the divestment of Twenty Anson was offset by contributions from the newly acquired Asia Square Tower 2 and Gallileo. But that missed a forecast from Daiwa.

Read more: CapitaLand Commercial Trust 4Q18 net property income jumps despite divestment

Sembcorp Industries

Sembcorp Industries and Singapore Polytechnic will collaborate on commercializing Singapore’s first technology for recycling used solar panels, it said in a filing to SGX on Wednesday.

Read more: Sembcorp Industries sets tie-up with Sinapore Polytechnic on solar-panel recycling

Mapletree Commercial Trust

Mapletree Commercial Trust reported on Wednesday that its fiscal third quarter net property income rose 2.2 percent on-year to S$87.87 million, largely on higher contributions from the VivoCity mall.

Read more: Mapletree Commercial Trust fiscal 3Q net property income rose in higher VivoCity contribution

M1

Konnectivity clarified on Wednesday the level of acceptances of its takeover offer for M1, saying it was 1.12 percent of the total number of shares as of Monday’s close, bringing the percentage it controls or had agreed to acquire to 34.41 percent; on Tuesday, it had said the level of acceptances was 1.05 percent.

Read more: UPDATE: Konnectivity: M1 bid price won’t be raised

Keppel T&T

Keppel Telecommunications & Transportation reported on Wednesday its net profit for the fourth quarter fell 10.6 percent on-year to S$18.21 million.

Read more: Keppel T&T 4Q18 net profit fell 11 percent on impairment loss

Sino Grandness

Sino Grandness said on Wednesday it had been served with another letter of demand from lender Soleado Holdings, which demanded payment of US$21.33 million and S$30,000.

Read more: Sino Grandness: Served another letter of demand from lender

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