Singapore stocks to watch Monday: Keppel, Oxley, Great Eastern, OUE, Frasers Hospitality

Singapore street scene in Holland VillageSingapore street scene in Holland Village.

These are Singapore stocks which may be in focus on Monday, 28 January 2019:

Keppel Corp.

Portsville, a wholly owned subsidiary of Keppel Land (KLL), will be selling a 70 percent stake in Vietnam-based Dong Nai Waterfront City (DNWC) to Nam Long Investment Corp. (NLG) for 2.31 trillion Vietnamese dong, or around S$136 million, Keppel said on Monday.

Read more: Keppel to divest 70 percent stake in Dong Nai Waterfront City for around S$136 million

Oxley Holdings

Oxley Docklands Quay Three and National Asset North Quays DAC entered a letter of agreement with Greystar Europe Holdings to sell the long leasehold interest in part of Blocks B and E, Dublin Landings, in Ireland, Oxley Holdings said in a filing to SGX before the market open on Monday.

Read more: Oxley Holdings in talks to sell part of Dublin Landings to Greystar

Great Eastern

Great Eastern Holdings said on Monday it entered a deal to sell 5 percent of PT QBE General Insurance Indonesia to PT Suryasono Sentosa, or PTSS, to meet local shareholding requirements.

Read more: Great Eastern to sell 5 percent stake in QBE Indonesia to Suryasono Sentosa


OUE said on Friday it has begun marketing, primarily in the U.S., for the proposed sale of U.S. Bank Tower, located in downtown Los Angeles.

U.S. Bank Tower, which was acquired by an OUE subsidiary in 2013, has undergone a series of asset enhancement works, including OUE Skyspace LA, an open-air observation deck with broad city views, it said.

Frasers Hospitality Trust

Gan Chee Teik was tapped as the chief financial officer of Frasers Hospitality Asset Management (FHAM) and Frasers Hospitality Trust Management (FHTM), which are the managers of Frasers Hospitality REIT (FH-REIT) and the trustee manager of Frasers Hospitality business Trust (FH-BT) it said in a filing to SGX after the market close on Friday.

Gan will be responsible for the financial and capital management of Frasers Hospitality Trust, FH-REIT and FH-BT, the filing said.

Foo Meei Foon will be stepping down from her role as the interim chief financial officer, it said in a separate filing to SGX.


HRnetGroup said on Friday that it incorporated RecruitFirst Services (Shanghai) in Shanghai this week for human-resource outsourcing and talent intermediary. The initial share capital is 10 million yuan, it said in a filing to SGX after the market close on Friday.

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