UPDATE: Singapore stocks to watch Monday: DBS, Keppel, Mapletree Logistics, Sheng Siong, Hyflux

DBS Bank branchDBS Bank branch

This article was originally published on Saturday, 27 April 2019 at 12:25 A.M. SGT; it has since been updated to include DBS, Keppel Raffles Education and No Signboard.

These are Singapore companies which may be in focus on Monday, 29 April 2019:

DBS

DBS reported Monday its first quarter net profit rose 9 percent on-year to S$1.65 billion as higher interest rates boosted its net interest margin and on strong growth in corporate loans.

Read more: UPDATE: DBS reports 1Q19 net profit rose 9 percent amid higher interest rates

Mapletree Logistics Trust

Mapletree Logistics Trust reported Friday its fiscal fourth quarter net property income climbed 15.0 percent on-year to S$104.99 million on organic growth and acquisitions. But the results missed a forecast from Daiwa.

Read more: Mapletree Logistics Trust reports fiscal 4Q net property income rose,

Keppel Corp.

Keppel Corp. said Monday it increased the limit of its multi-currency medium-term note program to US$5 billion from US$ 3 billion, effective last week.

Net proceeds from the upsized program will be used for general corporate or working capital purposes, or other purposes specified during the pricing of the notes, Keppel said in a filing to SGX.

Read more about Keppel Corp.

Hutchison Port Holdings Trust

Hutchison Port Holdings Trust, or HPHT, reported Friday its first quarter profit attributable to unitholders dropped 33.4 percent on-year to HK$96.9 million (S$16.81 million) amid higher taxes, higher finance costs and a year-earlier gain.

Read more: HPHT reports 1Q19 net profit dropped 33 percent amid higher taxes and year-ago gain

Sheng Siong

Supermarket chain Sheng Siong reported Friday its first quarter net profit rose 6 percent on-year to S$19.4 million, mainly on the addition of 10 new stores.

Read more: Sheng Siong reports 1Q19 net profit rose 6 percent on new stores, beating Maybank KE forecast

Hyflux

Hyflux said Friday Chang Cheow Teck, group executive vice president of operations, will leave the company to pursue other interests, effective 30 April.

Chang oversaw the execution of the TuasOne project from November 2017 to April 2018, and from May 2018, he also began overseeing the execution of the Oman Qurayyat project, the Algeria project and the Saudi Arabian project, Hyflux said in a filing to SGX Friday.

Read more about Hyflux.

No Signboard Holdings

Chili crab restaurateur No Signboard Holdings said Monday it was assisting the Commercial Affairs Department of the Singapore police force with investigations related to an abortive share buyback earlier this year.

Read more: No Signboard assists with police investigations related to share buyback

ComfortDelGro

ComfortDelGro group appointed three new female directors to its three listed boards, bringing the representation by women on its boards to 30 percent, the transportation company said in a filing to SGX Friday.

Eco-Business Managing Editor Jessica Cheam joined the ComfortDelGro board, Straits Times Opinion Editor Chua Mui Hoong joined the SBS Transit board, and former AgriFood & Veterinary Authority CEO Tan Poh Hong joined the VICOM board, the filing said.

ComfortDelGro, SBS Transit and VICOM now each have three women on their boards, for a proportion of 30-33 percent, one of the highest among Singapore’s listed companies, the filing said.

Read more about ComfortDelGro.

ST Engineering

ST Engineering said Friday its electronics arm divested its 22.8 percent stake in WizVision for S$647,885 to an existing shareholder.

“The divestment of WizVision is a result of the froup’s ongoing review to rationalise its business portfolio,” ST Engineering said in a filing to SGX.

The company will recognize a one-off S$1 million gain from the divestment, it said.

Read more about ST Engineering.

Boustead Singapore

Boustead Singapore’s wholly owned subsidiary Boustead Services acquired an additional 500,000 shares in Controls & Electrics (C&E) from minority shareholder, Debotosh Lodh (DL) for S$6.4 million, it said in a filing to SGX Friday.

After the acquisition, Boustead Services’ C&E stake will rise to 94.375 percent from 78.75 percent, the filing said.

The acquisition came after DL exercised Friday an option to acquire 187,500 C&E shares for S$290,781 under a 2006 option agreement with Boustead Services, the filing said.

Read more about Boustead Singapore.

 

Follow Shenton Wire on Telegram for push notifications

Get the Shenton Wire morning briefing in your inbox