UPDATE: Singapore stocks to watch Monday: Keppel, CCT, CapitaLand, Accordia Golf, Hyflux

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 Thursday, 18 April 2019 at 22:44 SGT; it has since been updated to include CapitaLand, Hyflux, Perennial, SPH, Sabana REIT, Yoma Strategic, Tiong Seng, Heeton Holdings, Oxley Holdings, Lian Beng, SLB Development and KSH Holdings.

Singapore’s stock market will be closed on Friday, 19 April 2019 for the Good Friday holiday. These are Singapore companies which may be in focus on Monday, 22 April 2019:

CapitaLand

CapitaLand raised US$391 million, or around S$528.3 million, for its first discretionary real-estate equity fund, CapitaLand Asia Partners I (CAP I), to invest in value-add and transitional office buildings in gateway cities in Asia, the property developer said in a filing to SGX before the market open on Monday.

Read more: CapitaLand raises US$391 million for first real-estate equity fund

Keppel Corp.

Keppel Corp. reported on Thursday its first quarter net profit fell 40 percent on-year to S$203 million on lower gains from en-bloc sales of residential projects, missing a forecast from CGS-CIMB for S$230 million.

Read more: Keppel reports 1Q19 net profit dropped 40 percent, missing CGS-CIMB forecast

CapitaLand Commercial Trust

CapitaLand Commercial Trust reported on Thursday that its first quarter net property income rose 3.4 percent on-year to S$79.80 million, coming in slightly under a forecast from Daiwa.

Read more: CapitaLand Commercial Trust 1Q19 net property income rises, but misses Daiwa forecast slightly

CapitaLand

CapitaLand said on Thursday that it formed a 40 percent-owned associated company in China called Guangzhou Kaicheng Urban Renewal Investment & Development, or GKUR, with a registered share capital of 300 million yuan, or around S$60 million.

GKUR will mainly be involved in real estate development, management and investment, CapitaLand said.

The remaining 60 percent of GKUR is held by two parties unrelated to CapitaLand, the Singapore-based property developer said in filing to SGX after the market close on Thursday.

Read more about CapitaLand.

Perennial and SPH

Perennial Real Estate and its consortium of investors, including Singapore Press Holdings, entered a deal to sell Chinatown Point Mall for S$520 million to PAR Chinatown Point, according to SGX filings before the market open on Monday.

Read more: UPDATE: SPH, Perennial Real Estate to divest Chinatown Point Mall stakes

Hyflux

Hyflux said early on Friday that creditor Malayan Banking, or Maybank, was terminating its collaboration agreement with the troubled Singapore water infrastructure player with immediate effect due to its failure to reach a binding deal with a bidder or investor.

Read more: Hyflux: Creditor Maybank terminates collaboration deal

Sabana REIT

Sabana Shari’ah Compliant Industrial REIT reported on Saturday that its first-quarter net property income fell 13.3 percent on-year to S$12.65 million on lower occupancy and a divestment.

Read more: Sabana REIT 1Q19 net property income falls on lower occupancy and a divestment

Tiong Seng

Tiong Seng Holdings said on Thursday its wholly owned subsidiary Tiong Seng Contractors obtained an around S$190 million contract from Areca Investment.

The contract was for a proposed residential development including 774 units with four levels of basement carparks, swimming pool and communal facilities in Singapore’s Outram area, Tiong Seng said in a filing to SGX after the market close on Thursday.

The site possession is expected in May, the filing said.

Read more about Tiong Seng.

Heeton, Oxley, Lian Beng, SLB Development and KSH

KAP Hotel Investments, or KAPHI, has been incorporated for hotel management consultancy services and for holding investment assets, five Singapore companies said in filings to SGX on Thursday.

KAPHI has paid-up capital of five shares at S$1.00 each, the filings said.

Prospere Development, a wholly owned subsidiary of Heeton Holdings, was allotted two KAPHI shares; KSH Hotels Asia, a wholly owned subsidiary of KSH Holdings, was allotted one KAPHI share; Oxley China, an indirect wholly owned subsidiary of Oxley Holdings, was allotted one KAPHI share; and LDB China, a wholly owned subsidiary of SLB Development, was allotted one share. SLB Development is 74.74 percent owned by Lian Beng.

Read more about Heeton Holdings, Oxley Holdings, Lian Beng, SLB Development and KSH Holdings.

Accordia Golf Trust

Accordia Golf Trust said on Thursday that the appraisal value of the 89 golf courses in its initial portfolio was 144.71 billion yen (S$1.75 billion or US$1.29 billion) as of end-December. That valuation was down from 149.24 billion yen at the end of 2017, the trust said in a filing to SGX after the market close on Thursday.

The appraisals were performed by either CBRE K.K. or Tanizawa Sogo Appraisal, depending on the region, the filing said.

Read more about Accordia Golf Trust.

Yoma Strategic

Japanese leasing company Tokyo Century will acquire a 20 percent stake in Yoma Strategic Holding’s subsidiary Yoma Fleet for US$26.6 million, the companies said Monday.

Read more: Tokyo Century to take 20 percent stake in Yoma Fleet

JUMBO Group

Iconic Singapore chili crab restaurateur JUMBO Group said on Thursday it entered a franchise agreement for its joint venture JD F&B to establish and operate a JUMBO Seafood restaurant in Gangnam, South Korea.

Read more: JUMBO sets franchise agreement for Seafood outlet in South Korea

Keppel T&T

Keppel Telecommunications & Transportation said Thursday was the last day of trading for its shares, which will be suspended starting on Monday.

Read more about Keppel T&T.

DeClout

The compulsory acquisition of DeClout shares held by dissenting shareholders has been completed and the company is now a wholly owned subsidiary of Exeo Global, KPMG said in a filing to SGX on Thursday, on behalf of Exeo Global.

DeClout’s shares will be delisted from SGX, the filing said.

Read more about DeClout.

 

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