UPDATE: Singapore stocks to watch Monday: StarHub, Hyflux, First Resources, Uni-Asia

StarHub retail outletStarHub retail outlet. Photo taken pre-Covid.

This article was originally published on Friday, 3 May 2019 at 22:53 SGT; it has since been updated to include Suntec REIT, Isetan (Singapore), 800 Super and Synagie.

These are Singapore companies which may be in focus on Monday, 6 May 2019:


StarHub reported Friday its first quarter net profit attributable to shareholders fell 14.2 percent on-year to S$54 million on lower revenue from mobile and pay TV despite overall revenue growth. The telco lowered its dividend payment.

Read more: StarHub reports 1Q19 net profit fell 14 percent on lower mobile and pay TV revenue


Hyflux revealed Friday UAE-based Utico FZC, the Middle East’s largest full-service utility and developer, is the investor which provided a non-binding letter of intent for a possible S$400 million injection and possible urgent interim funding.

Read more: Hyflux: In active talks with UAE-based Utico for possible S$400 million investment

First Resources

First Resources reported Friday its crude palm oil production for the first quarter dropped 9.0 percent on-year to 174.96 tonnes, while its palm kernel production fell 9.2 percent on-year to 40.62 tonnes.

Read more about First Resources.

Suntec REIT

Suntec REIT said Monday the 111.11 million new units issued in its private placement in late April will begin trading on the main board of SGX Monday.

Read more about Suntec REIT.

800 Super

KKR-tied 8S Capital Holdings made an offer of S$0.90 a share to take over and delist environmental services provider 800 Super Holdings, in a deal valuing the company at around S$160.92 million.

Read more: KKR-tied 8S Capital makes takeover bid for 800 Super Holdings

Uni-Asia Group

Uni-Asia Group’s wholly owned subsidiary Uni-Asia Shipping acquired the remaining 17 percent stake, or 17 shares, in the Hope Bulkship it didn’t already own at US$40 each, it said in a filing to SGX after the market close Friday.

That would be an acquisition price of US$680, which the company said it paid in cash from internal funds.

The company said the acquisition will give it full control of Hope Bulkship at a discounted price.

Read more about Uni-Asia.


Cordlife’s shares jumped 16.09 percent Friday to S$0.51 by 11:18 A.M. SGT amid strong volume; a trading halt was requested around midday.

In response to an SGX query on the unusual trading activity, Cordlife said Friday the company conducts regular reviews of strategic options which may enhance shareholder value.

“There is no assurance that any transaction will materialise from its strategic review,” Cordlife said, adding it wasn’t aware of any other reason for the price movement.

Cordlife requested a lifting of the trading halt on its shares, effective Monday.

Read more about Cordlife.

Isetan (Singapore)

Isetan (Singapore) said Monday it wouldn’t be renewing the lease for the company’s store at Westgate mall, saying it wasn’t able to reach an agreement that would be favorable to the money-losing store.

The lease will expire on 22 December, Isetan (Singapore) said in a filing to SGX before the market open.

The department store operator added that it couldn’t “reasonably” estimate the financial impact of the non-renewal.

Read more about Isetan (Singapore).


Synagie signed a deal with Samsonite Malaysia, a wholly owned subsidiary of Samsonite International, to help manage the luggage manufacturer’s online sales, the Singapore-listed company said in an SGX filing Monday.

The deal includes managing or automating Samsonite’s various brands on e-commerce platforms including Lazada, Shopee and Zalora in Malaysia, the filing said.

Read more about Synagie.


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