UPDATE: Singapore stocks to watch Friday: Mapletree Commercial, Keppel, SGX, CapitaLand, ST Engineering

Mapletree Anson office building, part of Mapletree Commercial Trust’s portfolioMapletree Anson office building, part of Mapletree Commercial Trust’s portfolio

These are Singapore companies which may be in focus on Friday, 27 September 2019: Singapore Exchange (SGX), CapitaLand, The Ascott, ST Engineering, Straits Trading, Raffles Education, China Jinjiang Environment, Trek 2000 International and Raffles United.

This article was originally published on Friday, 27 September 2019 at 1:47 A.M. SGT; it has since been updated to include Mapletree Commercial Trust, Keppel, Keppel DC REIT and AusGroup. 

Mapletree Commercial Trust

Mapletree Commercial Trust has entered a deal to acquire Mapletree Business City (Phase 2) from Mapletree Investments’ subsidiary Heliconia Realty for S$1.55 billion, the REIT said in a filing to SGX Friday.

Read more: UPDATE: Mapletree Commercial Trust to acquire Mapletree Business City (Phase 2) for S$1.55 billion

Singapore Exchange

Singapore Exchange plans to introduce price collars during the market’s opening, midday and closing auction routines to minimize the risk of severe price movements during price setting, the exchange said in a statement Thursday.

Read more: SGX to set price collars for opening, midday and closing auctions

Keppel

Keppel Land China entered a deal to acquire Zhangjiang Micro-electronic Port Block #3, a commercial property in the Pudong District of Shanghai for 493 million yuan, or around S$96.4 million, Keppel said in a filing to SGX Friday.

Read more: Keppel Land China to acquire Shanghai commercial property for around S$96 million

September Supporter Pledge Drive

CapitaLand

CapitaLand’s lodging unit The Ascott is acquiring a serviced residence property in North Sydney, Australia, for S$192 million (A$202.2 million), the company said in a filing to SGX Thursday.

Read more: CapitaLand’s Ascott to acquire Sydney serviced-residence property for S$192 million

ST Engineering

ST Engineering’s aerospace arm has injected US$6.4 million, or around S$9 million, into ST Engineering Aerospace Resources, which will in turn inject the funds into its joint venture, Keystone Holdings (Global), the aerospace and defense company said Thursday.

Read more: ST Engineering aerospace arm injects capital into aircraft leasing joint venture

Straits Trading

The Straits Trading Co. said Thursday it has increased its investments in Japan residential property via the Savills IM Japan Residential Fund, in which it is a limited partner.

Read more: Straits Trading increases investments in Japan property

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Raffles Education

Raffles Education’s wholly owned subsidiary Raffles Assets Australia has entered a deal to sell a Sydney, Australia, property to Wentruth for A$80 million, or around S$74.74 million, the for-profit education company said Thursday.

Read more: Raffles Education to sell Australia property for A$80 million

China Jinjiang Environment

China Jinjiang Environment named on Thursday a new executive chairman, a new chief financial officer and a chief engineer in the wake of Zhejiang Energy Group’s acquisition of a 29.79 percent stake in the waste-to-energy operator.

Read more: China Jinjiang Environment taps new executive chairman, chief financial officer

Keppel DC REIT

Keppel DC REIT said Friday its preferential offering of 141.99 million new units on the basis of 105 new units for every 1,000 units held by existing unitholders has opened. The last date for acceptance is 7 October, with the new units expected to be listed on 15 October.

The new units are priced at S$1.71 each, marketing a discount of 4.4 percent to the volume weighted average price for trades on 13 September, the REIT has said previously.

Read more about Keppel DC REIT.

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Trek 2000 International

Trek 2000 International said Thursday the charges by the Commercial Affairs Department of the Singapore Police Force against its former CEO Henn Tan and three former officers — Poo Teng Pin, Gurcharan Singh and Foo Kok Wah — would likely have no further impact on the company’s financial statements.

Read more: Trek 2000: Allegations against former CEO likely won’t impact financial statements

Raffles United

Raffles United said Thursday the High Court of Singapore has allowed a claim by Shenzhen Zhaoheng Industrial against the company and its wholly owned subsidiary, Kian Ho amounting to around S$650,000 with interest from December 2017 and costs of the action, which is yet to be determined.

The judgment isn’t expected to have a material financial impact on the group, Raffles United said in a filing to SGX.

Raffles United added it has one month to appeal the decision, which it is still considering.

Read more about Raffles United.

AusGroup

AusGroup’s subsidiary MAS Australasia was awarded a five-year contract from Tier 1 Mining Co., Newmont Goldcorp Services for specialist mechanical, scaffolding and rope access maintenance services in support of Newmont Goldcorp’s Boddington Gold Mine, the company said in a filing to SGX Friday.

In addition, MAS Australasia will provide trade-qualified technicians to support Newmont Goldcorp’s mechanical maintenance and general shutdown services, the filing said.

Read more about AusGroup.

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