These are Singapore stocks which may be in focus on Tuesday, 15 July 2019:
Keppel REIT reported Monday its second quarter net property income dropped 28.1 percent on-year to S$31.06 million amid the divestment of a 20 percent stake in Ocean Financial Centre and the early surrender of leases.
Singapore Exchange Regulation is seeking feedback on potential changes to the auction mechanism in the securities market to prevent extreme price dislocations, the exchange said in a statement Monday.
Suntec REIT has entered a deal to acquire a 12-storey freehold office building in Adelaide, South Australia, from AEP Currie for A$148.3 million (S$141.37 million or US$104.25 million), ARA Trust Management (Suntec), the REIT’s manager, said in a filing to SGX Monday.
Singapore Airlines’ group passenger carriage, as measured by revenue passenger-kilometers, increased by 8.5 percent on-year in June, outpacing capacity growth of 6.5 percent, the carrier said in a filing to SGX Monday.
Kingsmen Creatives’ U.S. subsidiary, Kingsmen Xperience, entered a deal with Vision High (HK) to open NERF family entertainment center (FEC) attractions in China, the Singapore-listed company said Monday.
Keppel Infrastructure Trust
Keppel Infrastructure Trust reported Monday it swung to a second quarter net profit of S$8.30 million from a year-ago loss of S$13.74 million as its acquisition of Ixom began to contribute to results and as Basslink’s contribution increased due to an outage in the year-ago quarter.
Koh Brothers Eco Engineering
A joint venture between Koh Brothers Eco Engineering and China Harbour (Singapore) Engineering has obtained a S$668.2 million contract from national water agency PUB to build influent pumping stations (IPS) at the Tuas Water Reclamation Plant (TWRP), the Singapore company said Monday.
APAC Realty said Monday Yen Se-Hua Stewart would cease to be the independent non-executive chairman, effective immediately, as the 69-year-old planned to “pursue his personal interests.”
The company tapped Chua Khee Hak, who is currently an executive director, as executive chairman, effective Monday, APAC Realty said in a filing to SGX.
Cache Logistics Trust
Prudential Singapore Holdings and Eastspring Investments (Singapore) ceased to be substantial shareholders of Cache Logistics Trust, with the deemed interest of each falling to 4.99865 percent, below the 5 percent threshold, from 5.27145 percent, the two companies said in filings to SGX Monday.
That was after the disposal of 2.945 million units at S$0.7852 each in a market transaction, the filing said.
Eastspring Investments, which is the Asian asset management business of Prudential PLC, is deemed interested in the shares as it has discretionary power in the disposal rights as a fund manager, the filing said. Prudential Singapore Holdings is deemed interested in the shares managed by its subsidiary, the filing said.
AIMS APAC REIT
AIMS APAC REIT has completed the acquisition of the property at 209-217 Burleigh Connection Road, Burleigh Heads, Queensland, Australia, which was announced in May, the REIT said in a filing to SGX Monday.
The property was acquired for A$38.46 million, or around S$36.92 million, the filing said.
After the completion, AA REIT’s portfolio holds 27 industrial properties, with 25 in Singapore and the remainder in Australia, the filing said.
Uni-Asia Group said Monday it used around S$2.5 million of the S$5.42 million in proceeds from its placement of new shares for small residential property development projects in Tokyo, under the ALERO brand.
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