UPDATE: Singapore stocks to watch Monday: ThaiBev, Singtel, CapitaLand, Frasers Hospitality, Sunpower

Chang Beer, made by Thai BeverageChang Beer, made by Thai Beverage

This article was originally published Friday, 5 July 2019 at 23:43 SGT; it has since been updated to include Thai Beverage.

These are Singapore companies which may be in focus on Monday, 8 July 2019:

Thai Beverage

Shares of Thai Beverage fell more than 1 percent in early trade Monday after surging a total 4.82 percent on Thursday and Friday.

That was after speculation emerged that Anheuser-Busch InBev NV’s upcoming Hong Kong IPO of its Asia-Pacific business — which will raise up to US$9.8 billion — might spur a tie-up with Thai Beverage.

Read more about Thai Beverage.

Singtel

Singtel’s wholly owned subsidiary Singapore Telecom International has allotted and issued 54.36 million shares to Singtel at S$1 each, increasing its share capital to S$4.32 billion from S$4.27 billion previously, the telco said in a filing to SGX after the market close Friday.

Singapore Telecom International holds strategic investments in companies in the telecommunications sector, and provides technical and management consultancy services in the telecom field, the filing said.

Read more about Singtel.

CapitaLand

CapitaLand’s philanthropic arm, CapitaLand Hope Foundation, has launched a S$500,000 fund to provide a safety net to assist children of low-to-medium income National Trades Union Congress (NTUC) union members hit by sudden loss of income, the property developer said Friday.

The fund aims to assist around 2,500 children of union members with household income under S$5,800 by helping to provide S$250 NTUC FairPrice vouchers to provide for daily necessities and schooling needs, CapitaLand said. NTUC FairPrice operates supermarkets and hypermarkets.

Read more about CapitaLand.

Frasers Hospitality Trust

Frasers Hospitality Trust said Friday it fully repaid the outstanding S$325 million under its S$500 million five-year term loan facility.

The repayment was funded from S$370 million ban loan facilities, including term loan facilities of S$350 million and a revolving credit facility of S$20 million under an agreement with DBS Bank, Malayan Banking’s Singapore Branch and the Bank of China’s Singapore branch, the trust said in a filing to SGX.

After the repayment, S$325 million of debt maturing this month as been extended to July 2026, the filing said.

Read more about Frasers Hospitality Trust.

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Fragrance Group

Fragrance Group repurchased S$30 million in aggregate principal of its S$100 million 4.75 percent notes due 2021 at an average 96.5 percent of the principal amount, the company said in a filing to SGX after the market close Friday.

Of the repurchased notes, S$29.5 million, or around 98.3 percent, was acquired from certain directors of the company and entities related to them, Fragrance Group said.

Fragrance Group said it doesn’t intend to cancel the repurchased notes.

Read more about Fragrance Group.

Sunpower Group

Sunpower Group said Friday Li Feng resigned as senior vice president of the company for personal reasons, effective Friday.

Li was responsible for key account and project management for the environmental equipment manufacturing business, Sunpower said in a filing to SGX.

Li holds 5.12 million Sunpower shares, the filing said.

Read more about Sunpower Group.

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