This article was originally published on Monday, 15 April 2019 at 22:20 SGT; it has since been updated to include Keppel Corp. and Y Ventures.
These are Singapore stocks which may be in focus on Tuesday, 16 April 2019:
Singapore Airlines said on Monday that its group passenger carriage, as measured in revenue passenger-kilometers, increased 6.2 percent on-year in March, lower than the 8.1 percent growth in capacity.
Keppel DC REIT
Keppel DC REIT reported on Monday its first-quarter net property income rose 26.8 percent on-year to S$43.23 million on the acquisitions of maincubes Data Centre in Offenbach am Main, Germany, and Keppel DC Singapore 5 last year.
Keppel Infrastructure Trust
Keppel Infrastructure Trust reported on Monday it swung to a first quarter loss attributable to unitholders of S$16.21 million, from a year-earlier profit of S$7.50 million.
Hyflux said on Monday that it filed a writ of summons in Singapore’s High Court against SM Investments, claiming its now jilted white-knight investor repudiated the restructuring deal.
A consortium led by Keppel Infrastructure Holdings’ subsidiary Pipenet has obtained a S$52.5 million contract to design and build two 48-inch crude-oil pipelines and related facilities on Jurong Island, Keppel said on Tuesday.
Keppel Infrastructure Trust
Keppel Corp. said on Monday that its wholly owned subsidiary, Keppel Infrastructure Holdings, accepted its full allotment of 82.88 million Keppel Infrastructure Trust units in a preferential offering. The units were allotted and issued on Monday at S$0.441 each, Keppel said.
That raised Keppel’s unitholding in KIT to 909.05 million units, but its percentage stake remained unchanged at around 18.20 percent, it said in a filing to SGX after the market close on Monday.
ARA Asset Management
ARA Asset Management proposed on Monday issuing S$100 million of 4.15 percent notes due 2024 as series 003 under its S$1.5 billion multicurrency debt issuance program.
TEE International said on Monday it plans to spin off its infrastructure business into a listing on the Singapore Exchange’s Catalist board for smaller enterprises.
Accordia Golf Trust
Accordia Golf Trust said on Monday it planned to sell the Village Higashi Karuizawa Golf Club for 200 million yen, or around S$2.42 million, to an unrelated third party.
Frasers Hospitality, part of the Frasers Property Group, said on Monday it opened the Fraser Residence Orchard in Singapore as a luxury serviced residence, marking its fifth property in the city-state.
The residences will offer apartment sizes ranging form studios up through four-bedroom units, Frasers Hospitality said in a filing to SGX after the market close on Monday.
Y Ventures said on Tuesday that it believes it can continue as a going concern, citing access to credit lines and financial assistance from major shareholders.