This article was originally published on Friday, 26 July 2019 at 12:31 A.M. SGT; it has since been updated to add Suntec REIT and Cromwell European REIT.
These are Singapore companies which may be in focus on Friday, 26 July 2019:
ST Engineering’s aerospace and electronics sectors obtained new contracts valued at around S$1.5 billion in the second quarter, the technology, defense and engineering group said in a filing to SGX Thursday.
Suntec REIT reported Friday its second quarter net property income dropped 7.2 percent on-year to S$56.36 million, mainly on the Suntec City Office upgrading works. The results missed a forecast from Daiwa.
Wilmar said Thursday its 99.99 percent-owned indirect subsidiary subsidiary Yihai Kerry Arawana Holdings (YKA) established a 97 percent owned subsidiary in China called Yihai Kerry (Kaifeng) Food Industries (YK Kaifeng).
YK Kaifeng has a registered capital of 333 million yuan (S$66.21 million or US$48.45 million) and will engage in the crushing of peanuts, refining and packaging of edible oils, processing of rice and flour milling, Wilmar said in a filing to SGX.
The remaining 3 percent of YK Kaifeng is held by Kaifeng Grain Industry Group, a party unrelated to Wilmar, the filing said.
Mapletree Commercial Trust
Mapletree Commercial Trust reported Thursday its fiscal first quarter net property income rose 2.8 percent on-year to S$88.35 million on higher contributions from VivoCity, Mapletree Business City I (MBCI), PSA Building and Bank of America Merrill Lynch HarbourFront (MLHF).
Sunpower Group obtained a more than 30 million yuan (S$5.96 million or US$4.36 million) contract from new customer Fujian Gulei Petrochemical for manufacturing and services, the Singapore-listed environmental services company said in a filing to SGX Thursday.
Cromwell European REIT
Cromwell European REIT said Friday it has completed the acquisition of two properties in Krakow, Poland, for around 78.2 million euros (S$119.21 million or US$87.18 million), funding by a combination of 69.5 million euros of the proceeds of a private placement and an existing revolving credit facility.
Sabana Shari’ah Compliant Industrial REIT reported Thursday its second quarter net property income dropped 4.2 percent on-year to S$12.04 million amid a “challenging market” and the divestment of the 9 Tai Seng Drive property earlier this year.
Ascendas India Trust
Ascendas India Trust reported Thursday its fiscal first quarter net property income rose 13 percent on-year to S$37.8 million. Total property income for the quarter ended 30 June increased 10 percent on-year to S$49.2 million, the trust said in a filing to SGX.
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