Singapore stocks to watch Wednesday: Fund manager survey, Sembcorp, SGX, CapitaLand, Hyflux

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These are Singapore companies which may be in focus on Wednesday, 19 June 2019:

BofA-ML fund manager survey for June

Global fund managers are at their most pessimistic since the Global Financial Crisis amid concerns over the trade war, potential recession and monetary policy impotence, the Bank of America-Merrill Lynch fund manager survey (FMS) for June found.

Read more: Fund managers turn most bearish since financial crisis, June BofA-ML survey finds

Sembcorp Industries

Sembcorp Industries entered a long-term deal with Experia Events to install, own and operate a 6.3 megawatt peak rooftop solar system on the Changi Exhibition Centre, the Singapore company said in a filing to SGX Tuesday.

Read more: Sembcorp to build solar energy system to power Changi Exhibition Centre

Singapore Exchange

Singapore Exchange is licensing three futures-based indexes based on the MSCI Emerging Markets futures to Taiwan ETF provider Yuanta SITC, the exchange said in a statement Tuesday.

Read more: SGX licensed three futures-based indexes to Taiwan ETF provider Yuanta SITC

CapitaLand

CapitaLand’s wholly owned subsidiary CapitaLand GCC (Abu Dhabi) transferred its entire 49 percent stake in Mubadala CapitaLand Real Estate (MCRE) to Five Square Properties for 270.9 million UAE dirham, or around S$100.9 million, the property developer said Tuesday.

Read more: CapitaLand sells 49 percent stake in UAE-based MCRE for around S$101 million

Keppel Infrastructure Trust

Keppel Infrastructure Trust has proposed issuing a second tranche of S$100 million 4.75 percent subordinated perpetual securities, the trust said in a filing to SGX Tuesday.

Read more: Keppel Infrastructure Trust plans S$100 million perpetual security issue

Keppel REIT

Keppel REIT’s 79.9 percent owned subsidiary obtained a green secured loan facility of S$505 million, the REIT said in a filing to SGX Tuesday.

“As part of our long-term strategy, we are continually looking for opportunities to improve the sustainability of our portfolio,” Paul Tham, CEO of the REIT manager, said in the statement.

“This is more than just ensuring our office buildings uphold high environmental standards, but also extends to how we look at our financing. The green loan facility reflects our commitment to sustainability, for the benefit of all our stakeholders,” he added.

Read more about Keppel REIT.

Hyflux

Hyflux said Tuesday that potential investor Utico FZC has extended its deadline for entering a binding agreement to 27 June.

“The company will make the appropriate announcements as and when there are any further material developments,” Hyflux said in a filing to SGX.

“The company would remind the public to rely solely on information provided by the company in its announcements and disclosures through SGXNet or other media which are made in accordance with the applicable rules and regulations, and not through information from third party sources that may be incomplete or inaccurate,” it added.

Hyflux referenced a 30 May Straits Times article, without providing an explanation of its concerns.

Read more about Hyflux.

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Global Palm Resources

Global Palm Resources said Tuesday it has completed the acquisition of 95 percent of PT Bumi Raya Agro, making it a subsidiary.

Read more about Global Palm Resources.

Y Ventures

In response to an SGX query on unusual share price movements, Y Ventures said Tuesday it was not aware of any information not previously announced or any other information to explain the surge in its stock price.

Shares of Y Ventures surged 34.31 percent to end at S$0.14 Tuesday.

Read more about Y Ventures.

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