Singapore stocks to watch Friday: Keppel, SATS, ThaiBev, OCBC, Prime US REIT
These are Singapore companies which may be in focus on Friday, 19 July 2019: Keppel, SATS, Thai Beverage, OCBC, Prime US REIT and AA REIT.
July 2019
AIMS APAC REIT secures master tenant to take up 3 Tuas Avenue 2 redevelopment
AIMS APAC REIT said Thursday it obtained a master tenant to take up the entire property at 3 Tuas Avenue 2, which is currently undergoing redevelopment.
Singapore share buybacks Thursday: Olam, Duty Free, Straits Trading, Eurosports
These are Singapore companies which announced share buybacks on Thursday, 18 July 2019: Olam, Duty Free, Straits Trading and Eurosports.
SATS reports fiscal 1Q net profit dropped 14 percent amid trade war pressures
SATS reported Thursday its fiscal first quarter net profit dropped 14.4 percent on-year to S$54.7 million amid amid trade uncertainty.
UPDATE: Keppel Corp reports 2Q19 net profit dropped 39 percent on year-ago en bloc sales
Keppel reported Thursday its second quarter net profit dropped 39 percent on-year to S$153 million on the absence of year-ago en bloc property sales.
Keppel DC REIT downgraded by KGI as catalysts appear priced in
KGI downgraded Keppel DC REIT to Neutral from Outperform, saying near-term catalysts for the REIT look priced in.
CapitaLand Commercial Trust downgraded by UOB KayHian
UOB KayHian downgraded CapitaLand Commercial Trust to Hold from Buy despite the trust benefiting from the office market upcycle’s rent increases.
UPDATE: Singapore stocks to watch Thursday: UOB, SembMarine, CapitaLand Commercial Trust, Qian Hu
These are Singapore companies which may be in focus on Thursday, 18 July 2019: UOB, SembMarine, CapitaLand Commercial Trust and Qian Hu.
SembMarine: Not aware of reasons for share price jump
Sembcorp Marine told SGX Thursday it wasn’t aware of any reason not previously announced to explain the jump in its share price Wednesday.
CapitaLand Commercial Trust prices private placement near top of range
CapitaLand Commercial Trust priced its private placement at S$2.095 a unit, near the top of its range after strong demand, the trust said Thursday.
Soilbuild REIT 2Q19 net property income rises 13 percent
Soilbuild REIT reported Wednesday its 2Q19 net property income increased 12.8% on-year to S$22.36M, on the conversion of Solaris to a multi-tenanted property.
Qian Hu’s 2Q19 net profit surged 62 percent despite dragon fish price war
Fish breeder Qian Hu reported Wednesday its 2Q19 net profit surged 61.6% on-year despite lower sales of pet fish, amid a boost from its edible fish segment.
UOB’s Sydney branch prices A$500 million three-year notes
United Overseas Bank said Wednesday its Sydney branch plans to issue A$500 million of floating rate notes due July 2022.
Hyflux clarifies size of potential investment from Utico
Hyflux said Wednesday it sought clarification from Utico after media reports emerged with conflicting valuations for the UAE-based company’s investment.
CapitaLand Commercial Trust launches private placement to raise around S$220 million
CapitaLand Commercial Trust proposed a private placement of new units to raise around S$220 million, the trust said late Wednesday.
Singapore share buybacks Wednesday: Olam, Straits Trading, CDW, Duty Free
These are Singapore companies which announced share buybacks on Wednesday 17 July 2019: Olam, Straits Trading, Duty Free and CDW.
Daiwa: Suntec’s Australia acquisition looks ‘compelling,’ even for Adelaide
Suntec REIT’s acquisition of an Adelaide, Australia, office building looks “compelling,” even for a secondary city, Daiwa said in a note Tuesday.
Keppel DC REIT downgraded by CGS-CIMB on high valuations
CGS-CIMB downgraded Keppel DC REIT to Hold from Add, saying the positive industry fundamentals and potential catalysts are fully priced in.
Analyst briefings: Keppel REIT second-quarter earnings
Analysts weigh in on how Keppel REIT’s second-quarter results shaped up.
UPDATE: Singapore stocks to watch Wednesday: CCT, Keppel, KORE, Keppel DC REIT, JUMBO, YZJ
These are Singapore companies which may be in focus on Wednesday, 17 July 2019: Keppel, KORE, Keppel DC REIT, JUMBO, Yangziajiang and Maxi-Cash.
Frasers Property obtains A$750 million including green loan tranche
Frasers Property said Wednesday it secured a A$750 million five-year term loan, including a A$500 million five-year green loan tranche with reduced pricing.
WeWork to lease CapitaLand Commercial Trust’s 21 Collyer Quay building
Co-working space provider WeWork entered a deal to lease all of the 21 Collyer Quay property from CapitaLand Commercial Trust, the trust said Wednesday.
UPDATE: CapitaLand Commercial Trust enters deal to buy most of Frankfurt’s Main Airport Center
CapitaLand Commercial Trust entered a deal to acquire 94.9% of Main Airport Center (MAC) in Frankfurtfor 251.5 million euros, the trust said Wednesday.
CapitaLand Commercial Trust reports 2Q19 net property income edged up, missing Daiwa forecast
CapitaLand Commercial Trust reported Wednesday its 2Q19 net property income increased 0.8% on-year to S$78.38M. The result missed a forecast from Daiwa.
BofA-ML survey: Fund managers step back from bearish brink, but jitters persist
Global fund managers were a tad less pessimistic, but they continued to fret over economic risks, the BofA-ML fund manager survey for July found.