UPDATE: Singapore stocks to watch Tuesday: CapitaLand Mall Trust, MLT, FCOT, ESR-REIT, ST Eng

CapitaLand’s Funan mall in SingaporeCapitaLand’s Funan mall in Singapore

This article was originally published Tuesday, 23 July 2019 at 12:21 A.M. SGT; it has since been updated to include CapitaLand Malls Trust and Mapletree Logistics Trust.

These are Singapore companies which may be in focus on Tuesday, 23 July 2019:

CapitaLand Mall Trust

CapitaLand Mall Trust reported Tuesday its second quarter net property income rose 10.2 percent on-year to S$133.15 million after the acquisition of the 70 percent of Westgate mall it didn’t already own.

Read more: UPDATE: CapitaLand Mall Trust reports 2Q19 net property income rose 10 percent

Mapletree Logistics Trust

Mapletree Logistics Trust reported Monday its fiscal first quarter net property income increased 18.2 percent on-year to S$106.13 million on contributions from the completed redevelopment of Mapletree Ouluo Logistics Park Phase 1 and on acquisitions.

Read more: Mapletree Logistics Trust reports fiscal 1Q net property income rose 18 percent

Frasers Commercial Trust

Frasers Commercial Trust reported Monday its fiscal third quarter net property income fell 3 percent on-year to S$19.75 million, in part due to lower gross revenue and higher property tax expense at Alexandra Technopark.

Read more: Frasers Commercial Trust reports fiscal 3Q net property income fell 3 percent

ESR-REIT

ESR-REIT reported Monday second quarter net property income jumped 103.9 percent on-year to S$47.8 million, broadly in line with forecasts from Daiwa.

Read more: ESR-REIT reports 2Q19 net property income more than doubled

ST Engineering

ST Engineering incorporated a new company, Keystone 7, in Ireland as a wholly owned subsidiary of Keystone Holdings (Global) to increase the aircraft portfolio, the aerospace company said in a filing to SGX Monday.

Keystone Holdings, a 50:50 joint venture between ST Engineering Aerospace Resources and SJ Aviation Capital, invests in a portfolio of aircraft on lease to global airlines, the filing said.

Read more about ST Engineering.

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Frasers Property

Frasers Property said Monday it plans to redeem all of its S$600 million 4.88 percent subordinated perpetual securities on 24 September.

Read more about Frasers Property.

Bumitama Agri

Bumitama Agri has issued 700 million ringgit (S$231.67 million or US$170.23 million) of Islamic medium-term notes (IMTN) in two tranches under its 2.0 billion ringgit note program, the palm oil producer said in a filing to SGX Monday.

Read more: Bumitama Agri issues 700 million ringgit Islamic medium term notes

iFAST

The wealth advisory arm of iFAST Financial, iFAST Global Markets, has launched a mobile app in an effort to “bridge the gap” between the adviser-assisted and do-it-yourself segments of the wealth advisory market, the company said in a filing to SGX Monday.

Read more: iFAST Global Markets launches mobile app to assist wealth advisers

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Delong Holdings

Delong Holdings requested a trading halt Monday, pending an announcement.

Read more about Delong Holdings.

Allied Technologies

Allied Technologies warned Monday it expects to report a loss for the first quarter ended 31 March due to a declining gross profit margin amid a challenging business environment.

The results are expected to be announced on or before 25 July, the company said in a filing to SGX.

Read more about Allied Technologies.

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