UPDATE: Singapore stocks to watch Tuesday: Hyflux, ST Engineering, Sunpower, Ascott REIT, KIT, StarHub

StarHub retail outletStarHub retail outlet. Photo taken pre-Covid

These are Singapore companies which may be in focus on Tuesday, 27 August 2019: ST Engineering, Ascott Residence Trust, Keppel Infrastructure Trust and Sunpower Group.

This article was originally published on Tuesday, 27 August 2019 at 12:55 A.M. SGT; it has since been updated to include Hyflux and StarHub.


U.A.E.-based infrastructure player Utico FZC said early Tuesday it has signed a restructuring agreement to take an 88 percent stake in troubled Hyflux.

Read more: Utico says it signed deal to invest in Hyflux

ST Engineering

ST Engineering’s subsidiary ST Engineering North America set up a US$1.5 billion U.S. commercial note program, the company said in a filing to SGX Monday.

Read more: ST Engineering sets up US$1.5 billion note program

Ascott Residence Trust

Ascott Residence Trust priced an issue of S$150 million in fixed-rate perpetual securities at 3.88 percent, the trust’s manager said in a filing to SGX Monday.

Read more: Ascott Residence Trust prices issue S$150 million perpetual securities

Keppel Infrastructure Trust

Basslink identified a failure in its low voltage cable believed to have caused the direct current protection system to trip on Saturday, taking the interconnector offline until mid-October, the company, which is part of Keppel Infrastructure Trust’s portfolio, said Monday.

Read more: Basslink: Interconnector to be offline until mid-October

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StarHub signed a memorandum of understanding with China’s three leading internet service providers (ISPs) — China Mobile, China Unicom and China Telecom — to boost data connectivity between Singapore and Chongqing, the Singapore telco said Monday.

Read more: StarHub inks deal with China telcos to boost data connectivity

Sunpower Group

Sunpower Group obtained 65.5 million yuan (S$12.73 million or US$9.17 million) of manufacturing and services contracts with PSS Netherlands B.V., the Singapore-listed company said in a filing to SGX Monday.

Read more: Sunpower lands 66 million yuan contracts with PSS Netherlands

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