UPDATE: Singapore stocks to watch Friday: SIA, SATS, Frasers Centrepoint Trust, Yongnam

Singapore Airlines boarding gate; July 2018Singapore Airlines boarding gate; July 2018

This article was originally published on Thursday, 16 May 2019 at 23:35 SGT; it has since been updated to include SATS and to update Frasers Centrepoint Trust.

These are Singapore companies which may be in focus on Friday, 16 May 2019:

Singapore Airlines

Singapore Airlines reported Thursday its fiscal fourth quarter net profit dropped 27.8 percent on-year to S$202.6 million on a weaker operating performance as higher fuel costs and the costs of increasing capacity offset higher revenue.

Read more: Singapore Airlines reports fiscal 4Q net profit dropped 28 percent as fuel costs rose


Aviation services provider SATS reported Friday its fiscal fourth quarter net profit fell 23.7 percent on-year to S$49.9 million, amid higher expenses and the absence of year-ago one-off gains.

Read more: SATS reports fiscal 4Q net profit fell 24 percent, missing forecast from UOB KayHian

Frasers Centrepoint Trust

Frasers Centrepoint Trust priced its private placement at S$2.382, the top of its S$2.30 to S$2.382 pricing range, after meeting with strong demand from new and existing institutional and other accredited investors, the trust said Friday.

The trust requested the trading halt on its shares be lifted Friday.

Read more: Frasers Centrepoint Trust private placement prices at top of range amid strong demand

Frasers Centrepoint Trust

Frasers Centrepoint Trust entered a deal to acquire a one-third stake in the Waterway Point mall for S$433.3 million from a subsidiary of Frasers Property, the trust said in a filing to SGX Thursday.

Read more: Frasers Centrepoint Trust to acquire one-third stake in Waterway Point for S$433 million

City Developments

The U.S. trade war with China may have dented a broad swathe of sectors, but it’s given China’s property market a big fillip.

Read more: This China sector is benefiting from the US trade war


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Frasers Logistics & Industrial Trust

Frasers Logistics & Industrial Trust (FLT) entered a deal to divest the warehouse and hardstand components of a Victoria, Australia, property to Mack Bros Enterprises for A$15 million (S$14.19 million or US$10.36 million), the trust said in a filing to SGX Thursday.

Read more: Frasers Logistics Trust to divest Australia property for A$15 million

Yongnam Holdings

Civil engineering firm Yongnam Holdings has obtained five contracts worth S$120.8 million across Singapore, Hong Kong and India, the company said in a filing to SGX Thursday.

Read more: Yongnam obtains 5 contracts worth S$121 million

TEE International

TEE International’s subsidiary TEE Infrastructure has won four waste management contracts from Changi Airport Group (Singapore), the company said in a filing to SGX Thursday.

Read more: TEE International obtains four Changi Airport waste-management contracts

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