This article was originally published on Thursday, 16 May 2019 at 1:37 A.M. SGT; it has since been updated to include Frasers Centrepoint Trust, Wing Tai Holdings and Banyan Tree.
These are Singapore companies which may be in focus on Thursday, 16 May 2019:
Singapore’s United Overseas Bank (UOB) expects to benefit from rising U.S.-Sino trade tensions, with companies set to diversify their supply chains into Southeast Asian countries, the bank said Wednesday.
Singapore Airlines’ group passenger carriage, measured in revenue passenger-kilometers, increased 7.6 percent on-year in April, outpacing capacity growth of 6.6 percent, the carrier said in a filing to SGX Wednesday.
OCBC Bank priced A$550 million (S$521.37 million) of senior floating rate notes due 2022 under its US$30 billion global medium term note program, the Singapore bank said in a filing to SGX Wednesday.
Hyflux has received a non-binding letter of interest from a potential investor interested in acquiring certain assets in Algeria and Oman and other assets in the Middle East and North Africa, the troubled Singapore water and energy player said Wednesday.
UOL Group priced S$200 million of 3.0 percent five-year notes as the series 003 under its S$1 billion multicurrency medium-term note program, the company said in a filing to SGX Wednesday.
Wing Tai Holdings
Wing Tai Holdings said Thursday it was pricing S$150 million of fixed-rate senior perpetual capital securities with an interest rate starting at 4.48 percent, with the first reset date in 2024.
The net proceeds will be used for its business activities, including financing expansion and general working capital, Wing Tai said in a filing to SGX before the market open.
DBS Bank is the sole global coordinator, while DBS Bank and OCBC were appointed as joint lead managers and bookrunners, it said.
Frasers Centrepoint Trust
Frasers Centrepoint Trust requested a trading halt before the market open on Thursday, pending an announcement.
No further details were disclosed.
Ezion Holdings reported Wednesday its first quarter loss after tax narrowed to US$12.85 million from a US$40.37 million loss in the year-ago period, amid lower expenses.
Banyan Tree Holdings reported Wednesday its first quarter net profit tumbled 74 percent on-year to S$5.23 million after its interest in Banyan Tree Assets (China), or BTAC, was diluted.
China Everbright Water
China Everbright Water reported Wednesday its first quarter net profit increased 16 percent on-year to HK$206.35 million (S$35.97 million or US$26.29 million) as construction revenue increased.
Parkson Retail Asia
Parkson Retail Asia’s fiscal third quarter net loss narrowed to S$5.39 million, from a S$7.82 million net loss in the year-ago period, amid lower expenses.
TEE International said Wednesday it is in discussions to extend the completion date for the sale of TEE Land shares to Top Capital Securities to accommodate completion deliverables. It added it would update shareholders on the revised completion date.
Uni-Asia reported Wednesday its first quarter net profit rose 10 percent on-year to US$3.66 million on better investment returns and higher hotel income.
Sushi restaurateur Sakae Holdings swung to a fiscal third quarter net loss of S$6.08 million, from a year-ago net profit of S$306,000, amid impairment losses, the company said Wednesday.
While you’re here, we’re hoping you can help us out.
Shenton Wire has been providing you with quick news and market analysis. But we need your support to continue to bring you the news you’ve come to expect and to expand our reach beyond Singapore.
Your monthly contribution will directly fund our journalism.
You can check your existing account here. You can also contact us about other contribution levels or for corporate subscriptions and syndication queries.