UPDATE: Singapore stocks to watch Thursday: Suntec REIT, CRCT, Sasseur REIT, City Developments

CapitaMall Wuhu in China's Anhui Province, which CapitaLand and CRCT said at end-March they plan to divest. Credit: CapitaLand and CRCTCapitaMall Wuhu in China's Anhui Province, which CapitaLand and CRCT said at end-March they plan to divest. Credit: CapitaLand and CRCT

This article was originally published on Wednesday, 24 April 2019 at 23:37 SGT; it has since been updated to include Cache Logistics Trust, Manulife US REIT and Far East Hospitality Trust and to update Suntec REIT.

These are Singapore companies which may be in focus on Thursday, 25 April 2019:

Suntec REIT

Suntec REIT priced its placement of new units at S$1.80 each, raising around S$200 million after the upsize option was exercised, the REIT said in an SGX filing Thursday.

Read more: Suntec REIT prices placement at top end of range to raise around S$200 million

CapitaLand Retail China Trust

CapitaLand Retail China Trust, or CRCT, reported Wednesday its first quarter net property income rose 7.0 percent on-year to S$39.80 million on stronger rental growth and lower expenses. That beat a forecast from Daiwa.

Read more: CapitaLand Retail China Trust reports 1Q19 net property income rose as rents grew

Manulife US REIT

Manulife US REIT, or MUST, reported Thursday its first quarter net property income climbed 27.7 percent on-year to US$25.08 million, or around S$34.18 million on the acquisition of two properties.

Read more: Manulife US REIT 1Q19 net property income jumps around 28 percent on acquisitions

Sasseur REIT

Sasseur REIT is acquiring additional shop units at Sasseur (Hefei) Outlets for 98.3 million yuan, or around S$19.8 million, from a third-party seller, the REIT said Wednesday.

Read more: Sasseur REIT to acquire shop units at Hefei Outlets for around 98 million yuan

Far East Hospitality Trust

Far East Hospitality Trust reported Thursday first quarter net property income rose 9 percent on-year to S$25.07 million on contributions from the Oasia Hotel Downtown.

Read more: Far East Hospitality Trust reports 1Q19 net property income rose on Oasia contribution

Cache Logistics Trust

Cache Logistics Trust reported Thursday its first quarter net property income increased 4.0 percent on-year to S$23.77 million on the acquisition of properties in Australia.

Read more: Cache Logistics Trust reports 1Q19 net property income rose on Australia acquisitions

City Developments

City Developments’s wholly owned subsidiary CDL Constellation has incorporated an associated company, NovaSims Development, for real estate development, the company said in a filing to SGX Thursday.

CDL Constellation has a 40 percent stake in NovaSims, while Intrepid Investments holds the remainder, the filing said.

NovaSims has issued share capital of S$4 million, it said.

Read more about City Developments.

Kingsmen Creatives

Kingsmen Creatives has entered a global development agreement with entertainment company Discovery to develop Animal Planet traveling exhibits, the Singapore company said Wednesday.

Read more: Kingsmen Creatives enters deal to develop Animal Planet traveling exhibits

 

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