UPDATE: Singapore stocks to watch Thursday: Dairy Farm, Hongkong Land, Halcyon Agri, Keppel

Outlet of Guardian, which is owned by Dairy Farm, at Kinex mall in SingaporeOutlet of Guardian, which is owned by Dairy Farm, at Kinex mall in Singapore

This article was originally published on Wednesday, 8 May 2019 at 22:23 SGT; it has since been updated to add Manulife US REIT.

These are Singapore companies which may be in focus on Thursday, 9 May 2019:

Dairy Farm International

Supermarket operator Dairy Farm International said Wednesday sales and profit in Southeast Asia were impacted by the beginning of the company’s store-consolidation plan.

Read more: Dairy Farm: Southeast Asia sales impacted by store consolidation plan

Hongkong Land

Hongkong Land said Wednesday rental reversions in its Hong Kong Central office and retail portfolios were positive in the first quarter.

Read more: Hongkong Land: Central office and retail portfolios see positive reversions

Mandarin Oriental

Mandarin Oriental International said Wednesday its underlying profit for the first quarter rose on-year on better results at the Mandarin Oriental Hyde Park, London.

Read more: Mandarin Oriental: 1Q19 underlying profit rises on London hotel re-opening

Halcyon Agri

Rubber producer Halcyon Agri reported Wednesday a first quarter net loss of US$5.7 million, swinging from a net profit of US$1.3 million in the year-ago quarter, on lower volumes and higher financing costs.

Read more: Halcyon Agri reports 1Q19 net loss on higher financing costs and lower volumes

Roxy Pacific

Roxy Pacific Holdings reported Wednesday its first quarter net profit fell 54 percent on-year to S$5.33 million on higher expenses and taxes.

Read more: Roxy Pacific reports 1Q19 net profit fell 31 percent on higher expenses and taxes

Manulife US REIT

Manulife US REIT said Thursday the 114.08 million new units it issued at US$0.824 each in a private placement will begin trading on the main board of the Singapore Exchange at the market open Thursday.

Read more about Manulife US REIT.

Keppel Corp.

Keppel Corp. said Wednesday its indirect wholly owned subsidiary FELS Baku entered a deal to sell its 100 percent interest in HPJ to Azerbaijani citizen Sabir Aliyev for around S$1.36 million.

Azerbaijan-based HPJ hold the right for permanent use of a plot of land in front of City Mansion complex in Baku, Azerbaijan, Keppel said in a filing to SGX.

Read more about Keppel Corp.

ValueMax

Pawnbroker ValueMax reported Wednesday its first quarter net profit dropped 9.9 percent on-year to S$5.57 million on declines in revenue from the jewelry business.

Read more: ValueMax reports 1Q19 net profit fell 10 percent as jewelry business sees decline

 

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