UPDATE: Singapore stocks to watch Friday: Singtel, Frasers Property, FLT, CapitaLand, LMIRT, ESR

Singtel retail outlet at Tiong Bahru PlazaSingtel retail outlet at Tiong Bahru Plaza; photo taken pre-Covid

This article was originally published on Thursday, 13 June 2019 at 23:08 SGT; it has since been updated to include Singtel and Frasers Property. 

These are Singapore companies which may be in focus on Friday, 14 June 2019:


Singtel Optus’ wholly owned subsidiary Optus Finance priced 500 million euro (S$770.69 million or US$564.03 million) 10-year fixed-rate notes at 1.0 percent, Singtel said in a filing to SGX Friday.

Read more: Singtel Optus prices 500 million euro 10-year notes

Frasers Property and ESR

Frasers Property Australia and ESR Australia acquired a 4.67 hectare site in Melbourne, Australia, and secured Nissan Motor Co. Australia as the anchor tenant, the two property companies said in a filing to SGX Friday.

Read more: Frasers Property Australia and ESR Australia acquire Melbourne site, obtain Nissan as tenant

Frasers Logistics Trust

Frasers Logistics & Industrial Trust entered a deal to divest 50 percent of a Queensland, Australia, property to an entity managed by global real estate investment manager DWS for A$134.2 million (S$126.79 million or US$92.77 million), the trust said in a filing to SGX Thursday.

Read more: Frasers Logistics Trust enters deal to divest 50 percent of Queensland property for A$134 million


CapitaLand said Thursday the holders of S$245 million aggregate principal amount of its S$1 billion 2.95 percent convertible bonds due 2022 have given irrevocable put exercise notices for redemption by the property developer.

Under the bonds’ terms, CapitaLand will redeem the S$245 million worth of notes on 20 June, along with accrued interest of S$3.60 million, the company said in a filing to SGX.

After the redemption, the bonds’ aggregate principal outstanding will fall to S$326.75 million, from S$571.75 million previously, the filing said.

Read more about CapitaLand.

Lippo Malls Indonesia Retail Trust

Lippo Malls Indonesia Retail Trust priced a US$250 million five-year bond offering at 7.25 percent, in Asia’s first U.S. dollar high-yield bond issued by a REIT, the trust said in a filing to SGX Thursday.

Read more: LMIR Trust prices US$250 million five-year bond offering

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Asia Pacific logistics real estate firm ESR Cayman said Thursday it had decided to postpone its planned listing on the main board of the Stock Exchange of Hong Kong.

“In light of the current market conditions, the company, having consulted the joint global coordinators, has decided that the global offering will not proceed at this time,” ESR said in a statement filed to SGX.

Read more about ESR.

Chip Eng Seng

Chip Eng Seng said Thursday its subsidiary, Invictus International School, plans to set up a kindergarten and an international primary school in Hong Kong in the subsidiary’s first foray into Greater China.

Invictus Kindergarten and Invictus School will offer affordable English-Mandarin immersion schools with an expected capacity of 100 kindergarten students and 500 primary students, respectively, Chip Eng Seng said in a filing to SGX.

Last month, Invicus International incorporated a wholly owned subsidiary in Hong Kong, Invictus International School (Hong Kong), to own and operate the Invictus School there, the filing said, adding it was in the process of incorporating another subsidiary to operate the kindergarten.

Read more about Chip Eng Seng.


AusGroup said Thursday its subsidiary AGC Industries received construction and maintenance contracts worth over A$25 million (S$23.61 million or US$17.28 million) in total.

AGC Industries has secured addtional work under its master services contract with Chevron Australia, and it will be working on BHP Iron Ore’s South Flank Project via a contract from thyssenkrupp Industrial Solutions, AusGroup said in a filing to SGX.

Read more about AusGroup.

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