UPDATE: Singapore stocks to watch Tuesday: SIA, Sembcorp, Singtel, ESR-REIT, property, Keppel-KBS US REIT

Singapore Airlines plane on the ground at Singapore’s Changi Airport; taken November 2018.Singapore Airlines plane Changi Airport.

This article was originally published Monday, 17 June 2019 at 23:40 SGT; it has since been updated to include an additional item on ESR-REIT and to update Frasers Centrepoint Trust.

These are Singapore companies which may be in focus Tuesday, 18 June 2019:

Singapore Airlines

Singapore Airlines group passenger carriage, measured in revenue passenger kilometers, rose 8.0 percent on-year in May, faster than capacity growth of 6.8 percent, the carrier said in a filing to SGX Monday.

Read more: Singapore Airlines May group passenger carriage rose 8 percent

Sembcorp Industries

Sembcorp Industries plans to subscribe to additional shares in its India energy arm, Sembcorp Energy India Ltd., or SEIL, to support the growth of the renewable energy business on the subcontinent, the Singapore-listed company said in a fling to SGX Monday.

Read more: Sembcorp to inject fresh equity into India renewables business


Airtel Africa set the price range Monday for its initial public offering (IPO) at 80 pence to 100 pence a share, the telco said in a filing to the London Stock Exchange.

Read more: Singtel-tied Airtel Africa sets price range for LSE IPO to raise more than S$1 billion

Singapore property

Singapore’s new private home sales bumped up 29.5 percent on-month to 952 in May, after developers launched 1,394 units during the month, up from 444 in April, according to data from the Urban Redevelopment Authority released Monday.

Read more: Singapore new private home sales pick up in May amid ‘price-sensitive’ demand


ESR-REIT has entered a joint venture with Poh Tiong Choon Logistics (PTC) to acquire leasehold interest in a property at 48 Pandan Road for S$225 million, the REIT said in a filing to SGX Monday.

ESR-REIT said it will fund its portion of the joint venture with a combination of debt, units in the REIT and/or proceeds from an equity fund-raising.

Read more: ESR-REIT enters joint venture with PTC to acquire Pandan Road property


ESR-REIT set the price for its private placement at S$0.515, the bottom of the S$0.515 to S$0.525 range, after a book-building process, the REIT said in a filing to SGX Tuesday.

The REIT requested the trading halt on its shares be lifted Tuesday.

Read more: ESR-REIT sets price for private placement at bottom of range


ESR-REIT plans S$45.7 million of asset enhancement initiatives (AEIs) for two existing properties, including plans to build a facility at the 7000 Ang Mo Kio Avenue 5 property, the REIT said in a filing to SGX Monday.

Read more: ESR-REIT plans asset enhancement and expansion at two properties


Keppel-KBS US REIT Management, the manager of Keppel-KBS US REIT, said Monday it disposed of 5.3 million units of the REIT at US$0.755 each in an off-market transaction.

That brought the REIT manager’s direct interest in the REIT down to 0.37 percent, or 3.05 million units, from 1.012 percent, or 8.35 million units, the manager said in a filing to SGX.

Under Keppel-KBS US REIT’s prospectus, unitholders are prohibited from directly or indirectly owning more than 9.8 percent of the REIT’s outstanding units, the filing said. The REIT manager’s units are aggregated with those held by the manager’s direct and indirect shareholders, including Keppel Group, leading to the sell down, the filing said.

The units were previously issued to the manager as payment of the base fee part of its management fee, the filing said.

Read more about Keppel-KBS US REIT.

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OUE’s wholly owned subsidiary Tengara Holdings has subscribed for 99.91 percent of PT Deer Pine Indonesia’s shares for 10.99 billion Indonesian rupiah, or around S$1.10 million, the Singapore-listed company said in a filing to SGX Monday.

Another of OUE’s wholly owned subsidiaries, OUE Coral, has subscribed for the remaining 0.9 percent of Deer Pine Indonesia’s shares for 10 million rupiah, or around S$1,000, the filing said.

Deer Pine Indonesia, an investment holding company incorporated in Indonesia, has become an indirect, wholly owned subsidiary of OUE, the filing said.

Read more about OUE.

Frasers Centrepoint Trust

Frasers Centrepoint Trust said Tuesday its 28.82 million new preferential units will begin trading on SGX Tuesday, bringing the total number of units to 1.11 billion.

On Monday, Frasers Centrepoint Trust said its preferential offering of new units received valid acceptances of 56.73 million new units, instead of the 56.74 million reported earlier. That represented 196.8 percent of the total preferential units available, compared with the 196.9 percent reported previously.

Read more about Frasers Centrepoint Trust.

MindChamps PreSchool

MindChamps PreSchool has entered a deal to acquire all of MindChamps PreSchool @ Buangkok from Zhao ShuZhen for S$3.23 million, the preschool operator said in a filing to SGX at midday Monday.

Read more: MindChamps PreSchool to acquire all of Buangkok school for around S$3 million


HRnetGroup said Monday it has acquired more shares in Hong Kong-listed Bamboos Health Care Holdings, bringing its stake to 8.0 percent, up from 7.85 percent previously.

Bamboos provides healthcare personnel and healthcare staffing services.

“The transaction is part of the company’s investment in furtherance of its strategy to deepen its reach in markets in the human resources space, and is in the normal course of business,” HRnetGroup said in a filing to SGX.

Read more about HRnetGroup.

Chip Eng Seng

Chip Eng Seng said Monday its subsidiary, Invictus International School has incorporated a wholly owned subsidiary, Invictus Kindergarten (Hong Kong), in Hong Kong to own and operate the Invictus Kindergarten in Hong Kong.

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. Last month, Invicus International incorporated Invictus International School (Hong Kong) to own and operate the Invictus School.

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 has said previously.

Read more about Chip Eng Seng.

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