UPDATE: Singapore stocks to watch Wednesday: CapitaLand, SGX, StarHub, EC World REIT, No Signboard

CapitaLand construction site in Ho Chi Minh City, VietnamCapitaLand construction site in Ho Chi Minh City, Vietnam

This article was originally published on Wednesday, 7 August 2019 at 1:12 A.M. SGT; it has since been updated to include CapitaLand and Perennial Real Estate.

These are Singapore companies which may be in focus on Wednesday, 7 August 2019:

Singapore Exchange

Singapore Exchange and the National Stock Exchange of India have received regulatory dispensations for a joint proposal to boost the trading of Nifty products, the two exchanges said in a statement Tuesday.

Read more: SGX-NSE Connect gets regulatory OKs in step toward resolving Nifty dispute

CapitaLand

CapitaLand reported Wednesday its second quarter net profit fell 4.2 percent on-year to S$579.81 million, mainly on one-off costs related to the acquisition of Ascendas-Singbridge.

Read more: CapitaLand’s 2Q19 net profit fell 4 percent

StarHub

StarHub reported Tuesday its second quarter net profit dropped 36.1 percent on-year to S$39.5 million amid lower contributions from mobile, pay TV and broadband.

Read more: StarHub reports 2Q19 net profit dropped 36 percent

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Perennial Real Estate

Perennial Real Estate reported Wednesday its second quarter net profit dropped 74.9 percent on-year to S$2.17 million on higher finance costs.

Read more: Perennial Real Estate reports 2Q19 net profit dropped 75 percent

EC World REIT

EC World REIT reported Tuesday its second quarter net property income fell 7.2 percent on-year to S$21.16 million as the Chinese yuan weakened against the Singapore dollar.

Read more: Weaker yuan weighs on EC World REIT

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OUE Hospitality Trust

OUE Hospitality Trust reported Tuesday its second quarter net profit income declined 4.5 percent on-year to S$25.3 million amid lower contributions from the hospitality and retail segments and a higher interest expense.

Read more: OUE Hospitality Trust’s 2Q19 net property income fell 5 percent

Ho Bee Land

Ho Bee Land reported Tuesday its second quarter net profit dropped 80.5 percent on-year to S$14.0 million on losses from associates and a year-ago fair value gain.

Read more: Ho Bee Land’s 2Q19 net profit dropped 81 percent

JUMBO Group

Singapore chili crab purveyor JUMBO Group reported Tuesday its fiscal third quarter net profit dropped 24.8 percent on-year to S$1.66 million amid higher expenses related to opening new restaurants.

Read more: JUMBO reports fiscal 3Q net profit dropped 25 percent

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No Signboard Holdings

No Signboard Holdings reported Tuesday its fiscal third quarter swung to a net loss of S$1.44 million from a year-ago net profit of S$761,142 on weak revenue from the seafood restaurants and a drop in beer sales.

Read more: No Signboard swings to fiscal 3Q net loss

Far East Orchard

Far East Orchard reported Tuesday its second quarter net profit rose 53.7 percent on-year to S$2.39 million, partly on better performance of the hotels in Germany.

Read more: Far East Orchard reports 2Q19 net profit rose 54 percent

CapitaLand

CapitaLand appointed Ko Kai Kwun Miguel as non-executive deputy chairman of the board, non-executive and non-independent director and a member of the strategy, investment and finance committee, effective Tuesday, the company said in a filing to SGX.

Ko had been executive director and group CEO of Ascendas-Singbridge since June 2015. He assumed his current role as executive director and CEO of CLA Real Estate Holdings on 1 July, the filing said.

Read more about CapitaLand.

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Manulife US REIT and Procurri

Manulife US REIT said Tuesday Ho Chew Thim, an independent non-executive director and the audit and risk committee chairman, has died at age 68.

“The board and management of the manager extend their deepest condolences and sympathies to Mr. Ho’s family,” the REIT said in a statement filed to SGX.

In a separate filing to SGX, Procurri said Ho was also its lead independent director, chairman of the remuneration committee and a member of the audit and nominating committee.

Read more about Manulife US REIT and about Procurri.

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