UPDATE: Singapore stocks to watch Friday: CRCT, SingPost, ThaiBev, Cromwell European REIT, GuocoLand

Singpost Centre at Paya Lebar MRT in SingaporeSingpost Centre at Paya Lebar MRT in Singapore in March 2018

These are Singapore stocks which may in focus on Friday, 1 February 2019:

This article was originally published on Thursday, 31 January 2019 at 20:07 SGT; it has since been updated to add items on Thai Beverage, CapitaLand Retail China Trust and Singapore Post.

CapitaLand Retail China Trust

CapitaLand Retail China Trust (CRCT) reported on Friday that its net property income for the fourth quarter increased 8.8 percent on-year to S$35.88 million on its newly acquired Rock Square mall and an improved performance in its other malls.

Read more: CapitaLand Retail China Trust 4Q18 rises nearly 9 percent on new acquisition

CapitaLand Retail China Trust

CapitaLand Retail China Trust (CRCT) will acquire a property under development in Yuquan District, Hohhot Inner Mongolia, for 808.3 million yuan (S$159.6 million), and it will divest CapitalMall Saihan for a consideration of 503.2 million yuan (S$99.3 million) in a bundle deal with Guanghe New World.

Read more: CapitaLand Retail China Trust to acquire new Inner Mongolia mall and divest CapitaMall Saihan

Singapore Post

Singapore Post reported on Friday that its fiscal third quarter net profit increased 15.6 percent on-year to S$50.20 million on the exceptional dilution gain of S$28.2 million from 4PX.

Read more: UPDATE: Singapore Post reports fiscal 3Q net profit rose nearly 16 percent on 4PX dilution gain

Thai Beverage

Thai Beverage said on Thursday that it received the necessary approvals from Vietnamese regulators for its indirect wholly owned subsidiary BeerCo to complete the acquisition of a 49 percent stake in Vietnam F&B Alliance Investment Joint Stock Co., and to transfer shares in Saigon Beer – Alcohol – Beverage Corp. to Vietnam Beverage Co.

As a result of the acquisition, BeerCo holds around 99 percent of Vietnam F&B, with the remainder held by the existing Vietnamese shareholders, it said in a filing to SGX after the market close on Thursday.

In a separate filing, Thai Beverage said Director and Second Executive Vice Chairman Puchchong Chandhanakij, age 72, had retired by rotation, saying he didn’t intend to seek re-election to the board. In addition, Director Kanoknart RAngsithienchai, age 73, retired by rotation, saying she didn’t intend to seek re-election as director, the company said.

Read more: Thai Beverage completes restructuring of nearly US$5 billion loan for Sabeco acquisition

Cromwell European REIT

UBS AG increased its direct interest in Cromwell European REIT to 10 percent from 0.02 percent after the acquisition of 217.75 million shares for 99.08 million euros (around S$153.1 million) in a share placement, it said in a filing to SGX after the market close on Thursday.

UBS AG’s indirect interest in the REIT remained at 6.5 percent, the filing said.

Starhill Global REIT

YTL Starhill Global REIT Management, the manager of Starhill Global REIT, said on Thursday that it entered into an agreement with Cathay United Bank for a three-year unsecured and committed revolving credit facility of S$30 million.

GuocoLand

Developer GuocoLand reported on Thursday its fiscal second quarter net profit dropped 84 percent on-year to S$10.85 million amid lower sales of residential units.

Read more: GuocoLand fiscal 2Q net profit dropped 84 percent on lower residential sales

No Signboard Holdings

Iconic Singapore chili crab restaurateur No Signboard Holdings received a query from SGX over trading activity in its shares after they surged 23.97 percent on Thursday to close at the day’s high of S$0.15 in a surge of volume.

The company requested a trading halt during the mid-day break.

Genting Singapore

Genting Singapore said on Thursday that the Casino Regulatory Authority of Singapore renewed the casino license of its wholly owned subsidiary Resorts World at Sentosa for another three years, starting from 6 February.

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