UPDATE: Singapore stocks to watch Thursday: UOB, Singapore Airlines, OCBC, Hyflux, UOL, Ezion

UOB and OCBC Bank ATMs in SingaporeUOB and OCBC Bank ATMs in Singapore.

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:

UOB

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. 

Read more: UOB expects to benefit from the US trade war with China

Singapore Airlines

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.

Read more: Singapore Airlines April passenger carriage outpaced capacity increases

OCBC

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.

Read more: OCBC Bank prices A$550 million floating rate notes due 2022

Hyflux

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.

Read more: Hyflux: Potential investor interested in acquiring Algeria and Oman assets

UOL Group

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.

Read more: UOL prices S$200 million 3.0 percent notes due 2024

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.

Read more about Wing Tai Holdings.

Frasers Centrepoint Trust

Frasers Centrepoint Trust requested a trading halt before the market open on Thursday, pending an announcement.

No further details were disclosed.

Read more about Frasers Centrepoint Trust.

Ezion

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.

Read more: Ezion reports 1Q19 loss after tax narrowed as operating expenses fell

 

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Banyan Tree

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.

Read more: Banyan Tree reports 1Q19 net profit tumbled 74 percent on BTAC dilution

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.

Read more: China Everbright Water reports 1Q19 net profit rose 16 percent

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.

Read more: Parkson Retail Asia fiscal 3Q net loss narrows, but Indonesia earthquakes hit sales

TEE International

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.

Read more: TEE International to sell a TEE Land stake for S$18.69 million

Uni-Asia

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.

Read more: Uni-Asia reports 1Q19 net profit rose 10 percent on better investment returns, hotel income

Sakae Holdings

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.

Read more: Sushi player Sakae swings to fiscal 3Q net loss amid impairment losses

 

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