UPDATE: Singapore stocks to watch Tuesday: SIA Engineering, Keppel, Olam, Golden Agri

SilkAir and Scoot planes on tarmac at Changi AirportSilkAir and Scoot planes on tarmac at Changi Airport

This article was originally published on Monday, 1 April 2019 at 2243 SGT; it has since been updated to add Keppel T&T.

These are Singapore stocks which may be in focus on Tuesday, 2 April 2019:

Keppel T&T

Keppel Telecommunications & Transportation requested a trading halt on Tuesday before the market open, pending the release of announcements.

Read more about Keppel T&T.

SIA Engineering and Singapore Airlines

SIA Engineering said on Monday it signed a comprehensive service agreement with Singapore Airlines covering a two-year period with an option to renew for another two years.

Read more: SIA Engineering enters S$1.4 billion service agreement with Singapore Airlines

Keppel Corp.

Keppel Corp. said on Monday its wholly owned subsidiary KepVenture entered a deal with Envision AESC to invest US$50 million for a minority stake in lithium-ion battery company Envision AESC Group.

Read more: Keppel acquires stake in EV battery business for US$50 million

Olam International

Olam International said on Monday it obtained a first-of-its-kind US$350 million revolving credit facility which ties the pricing to the agri-business player’s “digital maturity score.”

Read more: Olam obtains world’s first digital-score tied loan of US$350 million

Golden Agri-Resources

Golden Agri-Resources said on Monday its wholly owned subsidiary Tree Oak Ventures (TOV) entered a deal with Olympus General Partner to participate in its Olympus Fund LP.

TOV will divest its wholly owned logistics and distributor for its consumer products division in Indonesia, PT Sinarmas Distribusi Nusantara (SDN), to the fund for 548 billion rupiah or around US$39 million (S$52.83 million), Golden Agri said in a filing to SGX on Monday. TOV will also make a net cash contribution to the fund of US$15.7 million, it said.

Olympus Fund is aimed at developing an integrated, digitally enabled, end-to-end business-to-business (B2B) market place, logistics and supply chain operation in Indonesia, via operating subsidiaries in Hong Kong and Indonesia, the filing said.

Read more about Golden Agri-Resources.

Sembcorp Industries

Sembcorp Industries said on Monday its 90.9 percent owned joint venture Sembcorp Xinmin Water (SXWC) signed a conditional deal to transfer its wholly owned municipal water plant to a local government agency for 98.8 million yuan, or around S$19.9 million.

Read more: Sembcorp Industries joint venture to divest Xinmin water plant

Keppel Corp.

Keppel Corp. said on Monday that Keppel FELS entered an agreement with Borr Drilling and BOT Lease (BOTL) to transfer the construction contract of a jackup currently being built for BOTL to Borr Drilling.

Under the deal, Borr Drilling will take over the contract on the jackup rig from BOTL, which already paid Keppel FELS in full, with the exception of extension costs due at delivery, Keppel said in a filing to SGX on Monday.

The rig is still expected to be delivered in January 2020, it said.

Keppel FELS is a wholly owned subsidiary of Keppel Offshore & Marine.

Read more about Keppel Corp.

Boustead Projects

Boustead Projects said on Monday it completed its acquisition of 25 percent of DSCO Group, making it an associated company.

Read more: Boustead Projects plans to acquire 25 percent of DSCO Group

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