UPDATE: Singapore stocks to watch Friday: UOB, OCBC, CRCT, Hi-P, Dairy Farm, Ezion, Chip Eng Seng

OCBC, DBS, UOB and Citibank ATMs at Tang Plaza in Singapore; taken September 2018.OCBC, DBS, UOB and Citibank ATMs at Tang Plaza in Singapore; taken September 2018.

This article was originally published on Friday, 2 August 2019 at 1:59 A.M. SGT; it has since been updated to include OCBC, UOB and Singapore Post, and to update CapitaLand Retail China Trust and HRnetGroup.

These are Singapore stocks which may be in focus on Friday, 2 August 2019:

OCBC

OCBC reported Friday its second quarter net profit rose 1 percent on-year to S$1.22 billion as record earnings from the bank offset lower income contributions from insurance subsidiary Great Eastern. That topped forecasts from CGS-CIMB and Daiwa.

Read more: UPDATE: OCBC reports 2Q net profit rose 1 percent, beating forecasts despite lower Great Eastern income

UOB

UOB reported Friday second quarter net profit rose 8 percent on-yer to S$1.08 billion, beating forecasts from CGS-CIMB and Daiwa, amid strong wealth management flows, higher credit card volume and higher trading income.

Read more: UOB reports 2Q net profit rose 8 percent amid strong wealth management flows

CapitaLand Retail China Trust

CapitaLand Retail China Trust priced its private placement of 105.04 million shares at S$1.469 each, the top of its S$1.428 to S$1.469  indicative range, amid strong demand, the trust said Friday.

Read more: CapitaLand Retail China Trust prices private placement at top of range on strong demand

Hi-P International

Hi-P International reported Thursday its second quarter net profit rose 16.9 percent on-year to S$14.38 million as a change in product mix and better cost management boosted margins.

Read more: Hi-P reports 2Q19 net profit rose 17 percent as margins increased

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Yanlord Land

Yanlord Land sold 483 apartment units across two developments in Suzhou, with more than 1.89 billion yuan (S$375.39 million or US$273.53 million) in pre-sales, the Chinese property developer said in a filing to SGX Thursday.

Read more: Yanlord Land sells 483 apartment units in Suzhou with nearly 2 billion yuan in pre-sales

Ascendas Hospitality Trust

Ascendas Hospitality Trust reported Thursday its fiscal first quarter net property income rose 13.6 percent on-year to S$21.3 million, mainly on contributions from five hotels acquired in the previous financial year.

Read more: Ascendas Hospitality Trust reports fiscal 1Q net property income rose 14 percent on acquisitions

Ezion Holdings

Ezion Holdings warned Thursday it expected to report a “significant” net loss for the second quarter and first half due to asset impairments.

Read more: Ezion warns it expects ‘significant’ net loss for 2Q19 and 1H19

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Dairy Farm

Dairy Farm International reported Thursday its first half net profit was nearly flat on-year at US$178.0 million, compared with US$177.6 million in the year-ago period amid an ongoing restructuring program.

Read more: Dairy Farm reports nearly flat 1H19 net profit amid restructuring program

Mandarin Oriental

Mandarin Oriental reported Thursday a first half net loss of US$12.1 million, swinging from a year-ago net profit US$22.2 million, impacted by the closure of The Excelsior in Hong Kong and a renovation in Bangkok.

Read more: Mandarin Oriental swings to 1H19 net loss on Excelsior closure, Bangkok renovation

Hongkong Land

Hongkong Land reported Thursday first half net profit fell 63 percent on-year to US$411 million, due to a US$55 million net loss mainly on the revaluation of investment properties and year-ago net gains of US$669 million on property revaluations.

Read more: Hongkong Land reports 1H19 net profit fell 63 percent on revaluations

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Singapore Post

Singapore Post reported Friday its fiscal first quarter net profit rose 37.2 percent on-year to S$25.68 million on a year-ago fair value loss on warrants from an associated company.

Read more: Singapore Post reports fiscal 1Q net profit rose 37 percent

Lippo Malls Indonesia Retail Trust

Lippo Malls Indonesia Retail Trust reported Thursday its second quarter net property income rose 1.9 percent on-year to S$43.97 million on cost-management initiatives and positive rental reversions for renewed rental spaces.

Read more: LMIR Trust reports 2Q19 net property income rose 2 percent amid positive rental reversions

BreadTalk

Iconic Singapore bun maker BreadTalk reported Thursday its second quarter net profit dropped 57.9 percent on-year to S$1.0 million amid changes to accounting standards for leases.

Read more: BreadTalk reports 2Q19 net profit dropped 58 percent on accounting changes

Chip Eng Seng

Chip Eng Seng reported Thursday its second quarter net profit dropped 67.4 percent on-year to S$3.99 million on lower revenue from the property development and construction divisions.

Read more: Chip Eng Seng reports 2Q19 net profit dropped 67 percent

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Chip Eng Seng

Chip Eng Seng has entered a deal to acquire Tarneit West Childcare’s childcare center business in a suburb of Melbourne, in Victoria, Australia, for A$3.5 million, the Singapore-listed company said in a filing to SGX Thursday.

Read more: Chip Eng Seng enters deal to acquire childcare center business in Australia

HRnetGroup

HRnetGroup acquired 11.67 million shares of Staffline Group at 180 pence each for a total consideration of 21.01 million British pounds (S$34.91 million or US$25.38 million), the company said in a filing to SGX Thursday.

That brought HRnetGroup’s stake in Staffline to 24.89 percent, the filing said.

The deal was funded via internal resources, HRnetGroup said.

In a separate filing on Friday, HRnetGroup said it had an interest in 25.02 percent of the voting rights in Staffline.

Read more about HRnetGroup.

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