UPDATE: Singapore stocks to watch Friday: UOB, Cromwell E-REIT, Keppel, Thai Beverage, Wing Tai, Straits Trading

UOB branch at Tiong Bahru PlazaUOB branch at Tiong Bahru Plaza. Image taken pre-Covid.

This article was originally published Friday, 21 June 2019 at 12:40 A.M. SGT; it has since been undated to include Cromwell European REIT, UOB and Del Monte Pacific. 

These are Singapore companies which may be in focus on Friday, 21 June 2019:

UOB and Sunseap

Sunseap received a S$43 million green loan from UOB to fund rooftop solar installations at 210 commercial, industrial and government sites, the Southeast Asian renewable energy player said in a statement Thursday.

Read more: Sunseap obtains S$43 million green loan from UOB to fund 210 rooftop solar sites

Cromwell European REIT

Cromwell European REIT entered deals to acquire three properties in France’s Greater Paris office market and another three properties in Poland for a total 246.9 million euros, the REIT said in a filing to SGX Friday.

The REIT also proposed a private placement of 217.39 million new units at 0.46 euro to 0.47 euro each to raise at least 100 million euros (S$153.18 million or US$112.96 million) to fund the acquisitions.

Read more: Cromwell European REIT to acquire six properties in France and Poland for 247 million euros

Keppel Corp.

Keppel Land China secured its first green loan facility for 850 million yuan, or around S$170 million, form HSBC Group China to develop Seasons City phase one in the Sino-Singapore Tianjin Eco-City on the mainland, Keppel said in a filing to SGX Thursday.

Read more: Keppel Land obtains first green loan for China commercial development project

Thai Beverage

Thai Beverage’s direct wholly owned subsidiary International Beverage Holdings incorporated a new wholly owned subsidiary, called ASM International, in Hong Kong, the Chang Beer maker said in a filing to SGX Thursday.

ASM International, which will primarily engage in investment and asset management services, has a registered capital of HK$100,000 (S$17,343 or US$12,793), the filing said.

Read more about Thai Beverage.

Wing Tai Holdings

Wing Tai Holdings has acquired the 13-storey Red Planet Hotel Asakusa Tokyo from GK Rio Grande for 4.25 billion Japanese yen (S$53.60 million or US$39.53 million), the Singapore company said in a filing to SGX Thursday.

The hotel which has 134 rooms and a restaurant, is located in the Asakusa district, near Tokyo’s oldest temple, the Sensoji-Temple, and the Asakusa train station, the filing said.

The acquisition was made via a special purpose vehicle a Wing Tai subsidiary incorporated in Japan, called Winrise (Japan) TMK, the filing said.

Read more about Wing Tai Holdings.

Straits Trading

The Straits Trading Co.’s subsidiary Straits Real Estate (SRE) entered a strategic partnership with IGIS Asset Management to create a portfolio of modern logistics facilities around the Greater Seoul area, with an initial capital commitment of 110 billion won, or around S$127 million, the company said Thursday.

Read more: Straits Trading enters South Korea logistics facility JV and plans Australia expansion

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Del Monte Pacific

Del Monte Pacific reported Thursday its fiscal fourth quarter net profit jumped 59.2 percent on-year to US$6.30 million amid lower capital expenditure and higher gross margins. The company also reported an impact from U.S. trade tariffs.

Read more: Del Monte Pacific reports fiscal 4Q net profit jumped 59 percent

Fragrance Group

Fragrance Group has proposed to repurchase up to S$30 million of its S$100 million 4.75 percent notes due 2021 at the daily prevailing market price, subject to a cap at 97 percent of the principal amount, the company said in a filing to SGX Thursday.

Recently, the prevailing market price has been around 96 percent of the principal amount, Fragrance said.

The proposed repurchase is expected to begin 21 June and end 5 July, but will cease earlier once the acceptance level reaches the S$30 million cap, Fragrance said.

Read more about Fragrance Group.

Parkson Retail Asia

Parkson Retail Asia said Thursday it was not aware of any information not previously announced or any other possible explanation for its stock price rocketing up 180 percent to end at S$0.028 amid a surge in volume.

That was in response to an SGX query on the unusual trading.

Read more about Parkson Retail Asia.

F J Benjamin

F J Benjamin, a storied Singapore operator of luxury fashion brands under franchise, said Thursday SGX had granted the company’s application for a 12-month extension of the 36-month period for exiting the watch-list.

Read more: FJ Benjamin gets extension of ‘cure period’ for exiting watch list

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