UPDATE: Singapore stocks to watch Wednesday: MINT, Frasers Centrepoint, Sembcorp, Venture

The Centrepoint mall, owned by Frasers Property, located in Singapore’s Orchard Road shopping beltThe Centrepoint mall, owned by Frasers Property, located in Singapore’s Orchard Road shopping belt

This article was originally published Tuesday, 23 July 2019 at 23:27 SGT; it has since been updated to include Frasers Property and Yoma Strategic.

These are Singapore companies which may be in focus on Wednesday, 24 July 2019:

Mapletree Industrial Trust

Mapletree Industrial Trust reported Tuesday its fiscal first quarter net property income increased 12.2 percent on-year to S$77.92 million on revenue contributions from new projects at 18 Tai Seng, 30A Kallang Place and Mapletree Sunview 1.

Read more: Mapletree Industrial Trust reports fiscal 1Q net property income rose 12 percent

Frasers Centrepoint Trust

Frasers Centrepoint Trust reported Tuesday its fiscal third quarter net property income fell 1.1 percent on-year to S$34.60 million on higher property expenses amid a year-earlier property tax refund.

Read more: Frasers Centrepoint Trust reports fiscal 3Q net property income slipped

Frasers Property

Frasers Property has proposed late Tuesday issuing S$200 million in fixed rate perpetual securities at 100.527 percent of the face value, with an initial 4.98 percent distribution rate.

Read more: Frasers Property proposes S$200 million perpetual note issue

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Sembcorp Industries

Sembcorp Industries said Tuesday its wholly owned subsidiary Sembcorp (China) Holding entered a deal to divest its 80 percent stake in Sembcorp Lianyungang Water (SLWC) to its local partner, Lianyungang Shenghai Wastewater Treatment Plant, for 120 million yuan, or around S$23.7 million.

“The divestment is in line with the group’s capital recycling efforts,” Sembcorp said in a filing to SGX.

After the completion of the deal, which is expected by year-end, SLWC will cease to be part of Sembcorp, the filing said.

Read more about Sembcorp Industries.

Venture Corp.

BlackRock became a substantial shareholder of Venture Corp., with its deemed interest in the contract manufacturer rising to 5.16 percent from 4.98 percent, the fund manager said in a filing to SGX Tuesday.

That was after the acquisition of 525,394 Venture shares via an increase in collateral, the filing said.

BlackRock is deemed interested in the shares because it has indirect control of the entity holding the direct interest, the filing said.

Read more about Venture Corp.

Yoma Strategic

Yoma Strategic reported Wednesday its fiscal first quarter net loss widened to US$13.33 million, from US$5.64 million in the year-ago period as revenue from Yoma Land dropped sharply.

Read more: Yoma Strategic reports fiscal 1Q net loss widened as Yoma Land revenue dropped

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Prime US REIT and Singapore Press Holdings

Singapore Press Holdings became a substantial shareholder of Prime US REIT, with a deemed 7.38 percent stake, it said in a filing to SGX Tuesday.

That was after SPH’s wholly owned subsidiary Times Properties acquired 68.18 million Prime US REIT units at US$0.88 each in a subscription agreement with the REIT’s manager KBS US Prime Property Management, the filing said.

In a separate filing, Auctus Investments said a wholly owned subsidiary, AT Investments, acquired a 9.225 percent stake in Prime US REIT after acquiring 85.23 million units for US$75.0 million. Auctus Investments is wholly owned by Sai Charan Trust, which has Arvind Tiku, his spouse and two children as beneficiaries, the filing said.

Read more about Prime US REIT and Singapore Press Holdings.

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