UPDATE: Singapore stocks to watch Wednesday: SPH, Keppel, CapitaLand, BreadTalk, SATS, KIT

Top of the CapitaLand building in Singapore’s central business district (CBD); taken September 2018.Top of the CapitaLand building in Singapore’s central business district (CBD); taken September 2018.

This article was originally published on Tuesday, 9 April 2019 at 22:18 SGT; it has since been updated to include Keppel Infrastructure Trust.

These are Singapore companies which may be in focus on Wednesday, 10 April 2019:

Singapore Press Holdings

Singapore Press Holdings, or SPH, reported on Tuesday its fiscal second quarter net profit dropped 25.7 percent on-year to S$29.69 million on lower print ad and circulation revenue.

Read more: UPDATE: SPH reports fiscal 2Q net profit fell nearly 26 percent on lower print ad revenue

Keppel Corp.

Keppel said on Tuesday it was developing an autonomous tug vessel, set to be one of Singapore’s first autonomous vessels, to be operated by Keppel Smit Towage.

Read more: Keppel developing autonomous tug vessel for Singapore operations

CapitaLand

CapitaLand’s wholly owned lodging unit The Ascott said on Tuesday it has obtained contracts to manage 14 properties across eight countries, marking over 2,000 units.

Read more: CapitaLand’s Ascott inks contracts to manage 14 properties in eight countries

Keppel Infrastructure Trust

Keppel Infrastructure Trust said on Wednesday it raised S$500.8 million in an equity fundraising that included a placement and a preferential offering, in what the trust said was the largest equity deal in Singapore so far this year.

Read more: Keppel Infrastructure Trust raises around S$501 million in equity fundraising

BreadTalk

Iconic Singapore bun-maker BreadTalk said on Tuesday it plans to acquire a total of 380 million shares, or an around 20 percent stake, in plastic packaging maker NPPG (Thailand) at 1.50 Thai baht a share, for a total consideration of 570 million baht (S$24.28 million or US$17.95 million).

Read more: BreadTalk to acquire 20 percent stake in plastic packaging maker NPPG (Thailand)

SATS

Blackrock ceased to be a substantial shareholder of SATS after its deemed interest fell below 5 percent, to 4.94 percent, it said in a filing to SGX after the market close on Tuesday.

That was after Blackrock ceased to have a deemed interest in 645,805 SATS shares due to a decrease in collateral held, the filing said.

Read more about SATS.

DBS

DBS said on Tuesday it would redeem all of its S$805 million 4.70 percent non-cumulative non-convertible perpetual capital securities at the principal amount, together with any distributions through the redemption date of 3 June.

The capital securities will then be cancelled and delisted from SGX, DBS said in a filing to SGX on Tuesday.

Read more about DBS.

Interra Resources

Interra Resources said on Tuesday its joint venture Goldpetrol Joint Operating Co. completed development well CHK 1216 in the Chauk oil filed in Myanmar as an oil producer for 57 barrels of oil a day.

Interra has a 60 percent stake in Goldpetrol, which is the operator of the Chauk field, the company said in a filing to SGX on Tuesday.

Read more about Interra.

Asiatravel.com

Asiatravel.com said on Tuesday that the Singapore court has granted an extension of the deadline to convene a meeting of its creditors and on its moratorium on actions by its creditors for six months from 8 April.

Read more about Asiatravel.com.

 

 

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