This article was originally published on Wednesday, 14 August 2019 at 12:36 A.M. SGT; it has since been updated to include Olam International, ST Engineering, OUE, OUE Commercial REIT, OUE Hospitality REIT, PropNex, Valuetronics, BreadTalk and CapitaLand Retail China Trust.
These are Singapore stocks which may be in focus on Wednesday, 14 August 2019:
Wilmar said Tuesday it planned to list a 10 percent stake in its China operations, Yihai Kerry Arawana Holdings, or YKA, on the ChiNext board of the Shenzhen Stock Exchange.
Wilmar reported Tuesday it second quarter net profit dropped 52.3 percent on-year to US$150.9 million, partly on lower soybean crush margins and on weaker performance from the sugar division.
ComfortDelGro reported Tuesday its second quarter net profit edged up 1.2 percent on-year to S$75.9 million on new acquisitions and growth in public transport.
Olam International reported Wednesday its second quarter net profit dropped 34.5 percent on-year to S$61.49 million on changes to accounting for leases.
ST Engineering reported Wednesday its second quarter net profit increased 18 percent on-year to S$138.2 million on higher profit from the marine and “others” segments.
Yanlord Land reported Tuesday its second quarter net profit dropped 41 percent on-year to 865.32 million yuan as the developer delivered a lower gross floor area of residential units to customers.
OUE, OUE Hospitality Trust and OUE Commercial REIT
OUE, OUE Hospitality Trust and OUE Commercial REIT all requested trading halts before the market open Wednesday pending an announcement.
OUE reported Tuesday its second quarter net profit surged more than 11 times on-year to S$60.86 million, from S$5.32 million in the year-ago period, mainly on a one-off gain of S$136.6 million for the disposal of Aquamarina Hotel.
CapitaLand Retail China Trust
CapitaLand Retail China Trust said Wednesday 105.04 million new units issued under its private placement would begin trading on SGX Wednesday.
Manulife US REIT
Manulife US REIT (MUST) reported Tuesday its second quarter net property income climbed 33.8 percent on-year to US$27.26 million on new acquisitions.
BreadTalk Group said Wednesday CEO Chu Heng Hwee would resign, effective 31 December, with Executive Chairman George Quek Meng Tong set to take over the CEO role.
Valuetronics reported Wednesday its fiscal first quarter net profit fell 3.1 percent on-year to HK$48.1 million (S$8.49 million or US$6.13 million) as the U.S. trade war is spurring customers to seek production outside China.
PropNex reported Tuesday its second quarter net profit fell 11.9 percent on-year to S$3.70 million on lower commission income in the wake of the Singapore government imposing property cooling measures a year earlier.
China Everbright Water
China Everbright Water reported Tuesday its first half net profit rose 13 percent on-year to HK$420.49 million (S$74.41 million or US$53.59 million) on more higher margin projects.
Frasers Logistics & Industrial Trust
Rojana Industrial Park PCL became a substantial shareholder of Frasers Logistics & Industrial Trust after acquiring 42.63 million shares at S$1.173 each via a placement, Rojana Industrial Park said in a filing to SGX Tuesday.
The deemed interest of Rojana Industrial Park rose to 6.34205 percent from 4.9288 percent before the placement, the filing said.
Accordia Golf Trust
Accordia Golf Trust reported Tuesday that the number of players on its 88 courses rose 7.2 percent on-year in July to 497,808, coming in 3.4 percent below the three-year average.
Vividthree said Tuesday it entered a memorandum of understanding with Hong Kong-based Animation International to develop the Doraemon Experience (DE), a show combining virtual reality ad augmented reality.
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