UPDATE: Singapore stocks to watch Tuesday: Keppel, YZJ, CapitaLand, ART, Ascendas REIT, CityDev

Singapore’s port with the monorail to Sentosa island.Singapore’s port with the monorail to Sentosa island.

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.

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. 

Read more: Keppel prices S$500 million of five- and 10-year notes

Yangzijiang Shipbuilding

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.

Read more: Yangzijiang reports 1Q19 net profit rose 38 percent amid higher vessel deliveries

CapitaLand

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.

Read more: CapitaLand establishes S$5 billion medium term note program

Ascendas REIT

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.

Read more: Ascendas REIT reports fiscal 4Q net property income rose on Australia, UK acquisitions

Keppel Corp.

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.

Read more: Keppel Capital enters deal to acquire three Seoul commercial buildings for around S$510M

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.

Read more: City Developments takes stake in Europe-focused IREIT Global in S$78 million deal

Oxley Holdings

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.

Read more: Oxley enters deal to sell Chevron House for more than S$1 billion

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.

Read more: Manulife US REIT to acquire two-tower Virginia property for US$122 million

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.

Read more: Manulife US REIT prices private placement around midpoint of range

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.

Read more: Ascott Residence Trust reports 1Q19 gross profit rose 12 percent

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.

Read more: CDL Hospitality Trusts reports 1Q19 net property income fell 11 percent

Citic Envirotech

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.”

Read more: Citic Envirotech reports 1Q19 net profit tumbled 90 percent on weather delays

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.

Read more: China Everbright Water proposes Hong Kong listing to raise up to HK$452 million

Indofood Agri

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.

Read more: Indofood Agri reports 1Q19 net loss on lower commodity prices

Sunpower Group

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.

Read more: Sunpower obtains 242 million yuan tender from China Energy Investment

Global Palm Resources

Global Palm Resources warned Monday that it expected to report a net loss for the first quarter of the year.

Read more: Global Palm Resources issues warning it expects 1Q19 net loss

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.

Read more about Ascendas India Trust.

 

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