This article was originally published on Monday, 29 April 2019 at 23:31 SGT; it has since been updated to include City Developments, IREIT Global, Ascott Residence Trust, CapitaLand, Oxley Holdings, CDL Hospitality Trusts, China Everbright Water and Indofood Agri. Manulife US REIT has also been updated.
These are Singapore companies which may be in focus on Tuesday, 30 April 2019:
Keppel Corp. said Monday it has priced a total of S$500 million of five- and 10-year notes issued under its US$5 billion multi-currency medium term note program.
Correction: This item has been updated to correct the total amount of the combined bond offerings; a total of S$500 million of bonds were priced.
Yangzijiang Shipbuilding reported Monday its first quarter net profit increased 38 percent on-year to 824.05 million yuan (S$166.68 million) amid higher deliveries of vessels in the shipbuilding segment.
CapitaLand established a S$5 billion euro medium term note program to issue euro medium term notes and perpetual notes, the property developer said in a filing to SGX late Monday.
Ascendas REIT reported Monday its fiscal fourth quarter net property income rose 3.5 percent on-year to S$163.43 million on acquisitions in Australia and the U.K. The results beat a forecast from Daiwa.
Keppel Capital, via its Alpha Asia Macro Trends Fund III (AAMTF III), has entered a deal to acquire three Seoul commercial buildings from a Korean asset management company for around 430 billion South Korean won, or around S$510 million, the company said Monday.
City Developments and IREIT Global
City Developments has acquired a 12.4 percent stake in IREIT Global for around S$59.4 million and a 50 percent stake in the REIT’s manager, IREIT Global Group, for around S$18.4 million, the property developer said in a filing to SGX Tuesday.
Oxley Holdings entered a deal to sell all of the Chevron House building in Singapore’s central business district to Golden Compass (BVI) for a total value of S$1.025 billion, the property company said Tuesday.
Manulife US REIT
Manulife US REIT agreed to acquire two-tower office building Centrepointe 1 & II in Fairfax, Virginia, for US$122 million from Carr Properties, the REIT said in a filing to SGX after the market close Monday.
Manulife US REIT
Manulife US REIT priced its private placement at US$0.824 per new unit, around the midpoint of its US$0.811 to US$0.86 pricing range, after strong demand, the REIT said Tuesday.
Ascott Residence Trust
Ascott Residence Trust reported Tuesday its first quarter gross profit increase 12 percent on-year to S$54.6 million on higher contributions from the U.K., the Philippines and Singapore.
CDL Hospitality Trusts
CDL Hospitality Trusts reported Tuesday its first quarter net property income fell 10.7 percent on-year to S$33.77 million, missing a forecast from Daiwa.
Citic Envirotech reported Monday its first quarter net profit dropped 89.5 percent on-year to S$4.39 million as engineering and membrane system sales revenue dropped on delays in two projects due to “adverse wintry condition.”
China Everbright Water
China Everbright Water said Tuesday the offer price of shares in its dual Hong Kong listing was set at HK$2.99 each.
Indofood Agri Resources reported Tuesday a first quarter net loss of 57.78 billion rupiah (S$5.55 million), swinging from a year-ago net profit of 49.80 billion rupiah, as commodity prices fell.
Sunpower Group obtained a 242 million yuan (S$48.96 million) tender from China Energy Investment subsidiary Shenhua Yulin Energy Chemical for manufacturing and services, the company said in a filing to SGX after the market close Monday.
Global Palm Resources
Global Palm Resources warned Monday that it expected to report a net loss for the first quarter of the year.
Ascendas India Trust
Ascendas Property Fund Trustee, the manager of Ascendas India Trust, has become a substantial shareholder of the trust after being issued 3.17 million units valued at S$3.75 million in payment for its base fee and performance fee, the trustee said in a filing to SGX Monday.
The manager’s stake in Ascendas India Trust rose to 5.28 percent, above the 5 percent threshold to become a substantial shareholder, from 4.99 percent previously, the filing said.