UPDATE: Singapore stocks to watch Thursday: UOB, SembMarine, CapitaLand Commercial Trust, Qian Hu

UOB branch at Raffles Place, SingaporeUOB branch at Raffles Place, Singapore. Photo taken pre-Covid.

This article was originally published on Thursday, 18 July 2019 at 1:13 A.M. SGT; it has been updated to add Cromwell European REIT. The items on CapitaLand Commercial Trust and Sembcorp Marine have since been updated.

These are Singapore companies which may be in focus on Thursday, 18 July 2019:


United Overseas Bank said Wednesday its Sydney branch plans to issue A$500 million (S$477.57 million or US$351.02 million) of floating rate notes due July 2022 under the Singapore bank’s US$15 billion global medium-term note program.

Read more: UOB’s Sydney branch prices A$500 million three-year notes

CapitaLand Commercial Trust

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 in an SGX filing Thursday before the market open.

Read more: CapitaLand Commercial Trust prices private placement near top of range

Sembcorp Marine

Sembcorp Marine told SGX Thursday it wasn’t aware of any reason not previously announced to explain the jump in its share price Wednesday.

Shares of SembMarine ended Wednesday up 7.86 percent at S$1.51, off the day’s high of S$1.54.

Read more: SembMarine: Not aware of reasons for share price jump

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Hyflux said Wednesday it sought clarification from UAE-based Utico FZC after media reports emerged with conflicting valuations for the total deal value for the UAE-based company’s investment.

Read more: Hyflux clarifies size of potential investment from Utico

Cromwell European REIT

Cromwell European REIT said the new units it issued as consideration for its acquisition of three properties in France will begin trading on SGX on Thursday.

The REIT had issued 10.87 million new units to Alix AM Pte., a wholly owned subsidiary of Paryseine Assets, the REIT said in a filing to SGX before the market open Thursday.

The acquisition of the French properties for 80.3 million euros (S$122.68 million or US$90.16 million) was completed Wednesday, Cromwell European REIT said.

Read more about Cromwell European REIT.

Soilbuild REIT

Soilbuild Business Space REIT reported Wednesday its second quarter net property income increased 12.8 percent on-year to S$22.36 million, mainly on the conversion of Solaris to a multi-tenanted property and on contributions from two Australia properties.

Read more: Soilbuild REIT 2Q19 net property income rises 13 percent

Qian Hu

Fish breeder Qian Hu reported Wednesday its second quarter net profit surged 61.6 percent on-year to S$236,000, despite lower sales of pet fish, amid a boost from its edible fish segment.

Read more: Fish breeder Qian Hu reports 2Q19 net profit surged 62 percent despite dragon fish price war

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