UPDATE: Singapore stocks to watch Friday: Mapletree Commercial, HPHT, DBS, Keppel-KBS US REIT

Singapore’s VivoCity mall, owned by Mapletree Commercial TrustSingapore’s VivoCity mall, owned by Mapletree Commercial Trust Note: Photo taken pre-Covid

These are Singapore companies which may be in focus on Friday, 6 September 2019: Mapletree Commercial Trust, Hutchison Port Holdings Trust, DBS, Keppel-KBS US REIT, Keppel Pacific Oak US REIT, SATS, TEE International and Sim Leisure Group.

This article was originally published on Friday, 6 September 2019 at 12:09 A.M. SGT; it has since been updated to include Del Monte Pacific.

Mapletree Commercial Trust and Hutchison Port Holdings Trust

Mapletree Commercial Trust will be added to the Straits Times Index, while Hutchison Port Holdings Trust will be removed, FTSSE Russell, SGX and SPH said Thursday after the September quarterly review.

Read more: Mapletree Commercial Trust added to Straits Times Index


The Capital Group Cos. said Thursday it ceased to be a substantial shareholder of DBS, with its deemed interest falling to 4.977 percent from 5.004 percent after the disposal of 699,500 shares at S$24.332 each in a market transaction.

The Capital Group is the parent company of Capital Research and Management Co. (CRMC) and Capital Bank & Trust Company (CB&T), the filing said. CRMC is a U.S.-based investment management company managing the American Funds family of mutual funds, while CB&T is a U.S.-based investment management company and bank, the filing said.

Read more about DBS.

Keppel-KBS US REIT and Keppel Pacific Oak US REIT

The REIT formerly known as Keppel-KBS US REIT has changed its name to Keppel Pacific Oak US REIT, the REIT’s manager said in a filing to SGX Thursday.

Read more: Keppel-KBS US REIT to change name and asset manager

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SATS has acquired the 49 percent of its joint venture, SATS BRF Food, it didn’t already own from BRF GmbH for S$17 million, the aviation catering company said in a filing to SGX Thursday.

Read more: SATS acquires 49 percent of SATS BRF Food it didn’t already own

Del Monte Pacific

Del Monte Pacific, or DMPL, reported Friday a fiscal first quarter net loss of US$38.26 million, swinging from a year-ago net profit of US$3.02 million on one-off items related to closing plants in the U.S.

Read more: Del Monte Pacific reports fiscal 1Q net loss on US plant closures

TEE International

Shares of TEE International tumbled 22.41 percent Thursday to end at S$0.05 after the company said Wednesday it discovered around S$13.1 million in payments made to related parties and company subsidiaries which weren’t disclosed to the board and/or executive committee.

The company had requested the trading halt on its shares be lifted around midday Thursday.

TEE International said Thursday that its audit committee is still in talks with external auditors Deloitte & Touche on the scope of the review of the company’s internal controls and the audit of the results for the financial year ended 31 May.

Read more: TEE International: Discovered undisclosed payments to related parties

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Sim Leisure Group

Sim Leisure Group said Thursday Afzainizam Bin Abdullah, age 41, has resigned as operations manager for health reasons, effective Friday.

Silviya Georgieva will take over Afzainizam’s duties in the interim, to ensure smooth operations at the theme parks, while the company searches for a replacement, Sim Leisure said in a filing to SGX.

Afzainizam, who was responsible for managing day-to-day operations at the theme parks, had held the position since 2015, the filing said.

Read more about Sim Leisure Group.

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