UPDATE: Singapore stocks to watch Monday: Genting Singapore, Sembcorp, Cache, Jardine C&C, Keppel

Cards, poker chips and diceCards, poker chips and dice

This article was originally published on Friday, 2 August 2019 at 22:21 SGT; it has since been updated to add Keppel Corp. 

These are Singapore companies which may be in focus on Monday, 5 August 2019:

Genting Singapore

Genting Singapore reported Friday its second quarter net profit dropped 5 percent on-year to S$168.41 million amid a “significant decline” in the mass-gaming segment, offset by a high rolling win percentage in the VIP segment.

Read more: UPDATE: Genting Singapore reports 2Q19 net profit dropped 5 percent

Sembcorp Industries and Cache Logistics Trust

Sembcorp Industries’ installation of an 8.0 megawatt-peak rooftop solar farm on three of Cache Logistics Trust’s logistics warehouses has been completed, with the systems connected to Cache’s facilities and in operation, the two companies said Friday.

Read more: Sembcorp, Cache Logistics complete rooftop solar project installation

Jardine Cycle & Carriage

Jardine Cycle & Carriage reported Friday its first half net profit jumped 147 percent on-year to US$427 million on net non-trading gains of US$20 million, mainly on unrealized fair value gains for non-current investments.

Read more: Jardine C&C reports 1H19 net profit more than doubled

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Jardine Matheson and Jardine Strategic

Jardine Matheson Holdings and Jardine Strategic Holdings both reported Friday slightly weaker underlying net profit for the first half, citing a weaker Indonesian car market, partly offset by profit growth from Jardine Motors, Hongkong Land and Dairy Farm.

Read more: Jardine Matheson, Jardine Strategic 1H19 underlying profits slip on weaker auto market

Keppel Corp. and Keppel DC REIT

The Alpha Data  Centre Fund, managed by Alpha Investment Partners, has acquired a plot of land in Gore Hill Technology Park to develop a data center in Sydney, Australia, Keppel Corp. said Monday.

Read more: Keppel to develop another data center in Australia

Chip Eng Seng

Chip Eng Seng said Friday it property at 51 Pirie Street in Adelaide, Australia, will be developed into a new 27-storey Hyatt Regency hotel.

Construction is set to begin in early 2020, with hotel operations expected to begin in early 2023, Chip Eng Seng said in a filing to SGX.

The hotel will have 295 rooms and facilities including an event space, a market cafe, a regency club, a swimming pool, fitness facilities and a rooftop bar, the filing said.

Read more about Chip Eng Seng.

Kencana Agri

Kencana Agri warned Friday it expects to report a second quarter net loss, mainly on low crude palm oil prices.

Read more: Kencana Agri warns it expects to report 2Q19 net loss

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