UPDATE: Singapore stocks to watch Tuesday: SGX, Keppel REIT, China Everbright Water, Citic Envirotech

Signage at the SGX building on Shenton Way in Singapore; taken October 2018.Signage at the SGX building on Shenton Way in Singapore; taken October 2018.

This article was originally published Monday, 27 May 2019 at 23:26 SGT; it has since been updated to include Frasers Centrepoint Trust and an additional item on China Everbright Water.

These are Singapore companies which may be in focus on Tuesday, 28 May 2019:

Singapore Exchange

Singapore Exchange launched Monday the industry’s first options contract on TSR 20 rubber, called the SGX SICOM TSR 20, as a risk-management tool.

Read more: SGX launches options on natural rubber pricing benchmark

Keppel REIT

Keppel REIT has completed the acquisition of a 99.38 percent interest in T Tower, located in Seoul, South Korea, the REIT said in a filing to SGX Monday.

It added that around S$157.02 million of the proceeds from its S$200 million 1.90 percent convertible bonds due 2024 was used to fund the acquisition. Around S$40.43 million of the proceeds was used to refinance existing debt and for general corporate and working capital purposes, Keppel REIT said.

Read more about Keppel REIT.

China Everbright Water

China Everbright Water landed the Zhejiang Tongxiang West Area Drinking Water Sources Protection public-private partnership (PPP) project, which requires an investment of around 1.253 billion yuan (S$249.71 million or US$181.64 million).

Read more: China Everbright Water obtains Tongxiang water protection project

China Everbright Water

China Everbright Water obtained Nanjing Industrial Waste Water Project Phase II, which requires an investment of around 859 million yuan (S$171.17 million or US$124.52 million), the company said in an SGX filing Monday.

Read more: China Everbright Water lands Nanjing Industrial Waste Water Project Phase II

Citic Envirotech

Citic Envirotech said Monday it appointed Chong Weng Chiew as an executive director responsible for corporate affairs, including investor relations and corporate finance.

Chong has been an executive vice president at the company since 2015, and was an executive director at United Envirotech from 2012 to 2015, the company said in a filing to SGX.

In a separate filing, the company said Zhang Yong has ceased to be an executive director due to the re-assignment of work portfolio.

Read more about Citic Envirotech.

Frasers Centrepoint Trust

Frasers Centrepoint Trust said Tuesday that 155.18 million new units from its private placement will be issued and will begin trading Tuesday.

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

Boustead Singapore

Infrastructure engineering group Boustead Singapore reported Monday its fiscal fourth quarter net profit edged up 2 percent on-year to S$7.8 million on gross margin pressure, a higher impairment loss on financial assets, overhead expenses and the share of losses of associated companies and joint ventures.

Read more: Boustead Singapore’s fiscal 4Q net profit edged up 2 percent

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Bukit Sembawang

Property developer Bukit Sembawang reported Monday it swung to a fiscal fourth quarter loss after tax of S$11.55 million, from a year-earlier S$21.96 million profit after tax, amid higher expenses and an impairment loss.

Read more: Bukit Sembawang swings to fiscal 4Q loss

Challenger Technologies

Challenger Technologies said Monday it was in the process of getting a response to its application to SGX to delist its shares, and it expected to send the delisting circular and exit offer letter on 12 June. The expected closing date is 11 July, Challenger said in a filing to SGX.

Read more about Challenger Technologies.

Vividthree

Vividthree reported Monday its fiscal fourth quarter net profit jumped to S$1.5 million, up more than 20-fold from S$60,000 in the year-ago period, on its Train to Busan virtual reality tour (TTB VR) show.

Read more: Vividthree reports fiscal 4Q net profit jumped 20-fold on Train to Busan VR tour show

TEE International

TEE International requested a trading halt Monday, pending the release of an announcement.

Read more about TEE International.

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