UPDATE: Singapore stocks to watch Tuesday: Keppel REIT, ComfortDelGro, BreadTalk, Hyflux, First REIT, GENS

CapitaMall Trust’s Bugis Junction mallCapitaMall Trust’s Bugis Junction mall

These are Singapore companies which may be in focus on Tuesday, 1 October 2019: BreadTalk, Genting Singapore, Hyflux, First REIT, Sunpower Group, Spackman Entertainment, Thakral, No Signboard, StarHub, Manulife US REIT, Raffles Infrastructure, SIIC Environment Holdings, Isetan (Singapore) and Synagie.

This article was originally published on Tuesday, 1 October 2019 at 1:31 A.M. SGT; it has since been updated to include Keppel REIT, CapitaLand Mall Trust, ComfortDelGro, Boustead Projects and Frasers Property.

Keppel REIT

Keppel REIT plans to divest Bugis Junction Towers in Singapore to Village Prop for S$547.5 million, 6.3 percent above an August valuation and 243 percent above its S$159.5 million purchase price in 2006, the REIT said in a filing to SGX Tuesday.

Read more: Keppel REIT to divest Bugis Junction Towers for S$548 million

CapitaLand Mall Trust

CapitaLand Mall Trust obtained a S$200 million five-year green loan from OCBC Bank, marking its first foray into green financing, with the proceeds earmarked to finance or refinance properties with the BCA Green Mark certification, the REIT said Tuesday.

Read more: CapitaLand Mall Trust obtains S$200 million green loan

ComfortDelGro

ComfortDelGro’s indirect wholly owned subsidiary Metroline West has entered a deal to sell the Alperton Bus Garage in West London, U.K. to Redington Developments (Athlon Road) and acquire another property in West London from the same firm, the transportation group said Tuesday.

Read more: ComfortDelGro enters deal to sell one West London property and buy another

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Frasers Property

Frasers Property said Tuesday it tapped Reini Otter as the CEO of Frasers Property Industrial, a strategic business unit announced in July which will combine the company’s industrial and logistics operations in Australia and Europe.

Frasers Property Industrial was set up on Tuesday, the company said in a filing to SGX.

Read more about Frasers Property.

BreadTalk

BreadTalk tapped the Food Atrium division’s CEO Jenson Ong Chin Hock to become deputy CEO of the group, effective Tuesday, the bun maker said in a filing to SGX after the market close Monday.

Read more: BreadTalk taps Jenson Ong as deputy CEO

Hyflux

Hyflux said Monday the Singapore court has granted its application to extend the moratorium on creditor action against the company until 2 December.

Read more about Hyflux.

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Genting Singapore

Genting Singapore has filed a shelf registration statement in Japan to issue as much as 350 billion yen (S$4.48 billion or US$3.24 billion) in yen-denominated bonds in Japan, the integrated casino-resort operator said in a filing to SGX before the market open Monday.

Read more: Genting Singapore files to issue as much as 350 billion yen in bonds

First REIT

Bridgewater International, a substantial unitholder of First REIT, disposed of 2.54 million of the REIT’s units for S$2.64 million in a market transaction on 25 September, PT Lippo Karawaci said in a filing to SGX Monday.

After the sale, Bridgewater’s direct interest fell to 9.83 percent from 10.15 percent previously, the filing said.

Bridgewater is 99.98 percent owned by PT Sentra Dwimandiri, which is directly held by PT Lippo Karawaci and its wholly owned subsidiary PT Maharama Sakti, the filing said.

Read more about First REIT.

Boustead Projects

Boustead Projects’ 51 percent-owned joint venture, BP-TPM, entered a deal to acquire a Singapore industrial property for S$77.4 million, with the intention of earning long-term leasing income, the company said in a filing to SGX Tuesday.

Read more: Boustead Projects JV to acquire Singapore industrial building for S$77 million

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StarHub

StarHub said Monday it has completed its divestment of its 65 percent stake in D’Crypt and its subscription of 40 million new shares in Ensign InfoSecurity.

After the deal, D’Crypt has become an indirect subsidiary of Ensign, StarHub said in a filing to SGX.

Read more: Temasek to acquire D’Crypt from StarHub and founders for as much as S$134 million

Sunpower Group

Sunpower Group obtained a manufacturing and services tender valued at around 49 million yuan (S$9.48 million) from repeat customer Sinopec Nanjing Engineering & Construction, a subsidiary of Sinopec, the Singapore-listed company said Monday.

Read more: Sunpower lands 49 million yuan tender from Sinopec

Thakral

Thakral’s joint venture, GemLife, has acquired 4.4 hectares of land in Queensland, Australia, to develop an over-50s lifestyle resort, the property company said in a filing to SGX Monday.

Read more: Thakral JV acquires Queensland property to develop senior-living community

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No Signboard Holdings

No Signboard Holdings has tapped Lok Pei San as its new chief financial officer, effective Monday, after Voon Sze Yin resigned, the iconic chili crab restaurateur said in a filing to SGX Monday.

Read more: No Signboard taps new chief financial officer

Spackman Entertainment

Spackman Entertainment’s new film, “Crazy Romance, has topped the rankings of advanced ticket reservations for South Korean films two days before its 2 October release, the South Korean entertainment producer said in a filing to SGX Monday.

Read more: Spackman Entertainment’s ‘Crazy Romance’ tops advance ticket reservations in South Korea

Raffles Infrastructure

Raffles Infrastructure said Monday it tapped Ng Pei Eng as chief financial officer.

Previously, she has served as a consultant for Bridge Global Management Services and as the chief financial officer of Sincap Group, Camkids Group and China Stationary, Raffles Infrastructure said in a filing to SGX.

Read more about Raffles Infrastructure.

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SIIC Environment Holdings

SIIC Environment Holdings said Monday its indirect 70 percent-owned subsidiary, SIIC Yangtze Delta has formed a joint venture with Baowu Environment called Shanghai SIIC Baojin’gang Environmental Resources Technology with a registered capital of 1.1 billion yuan (S$213.04 million or US$153.98 million).

SIIC Yangtze Delta will own 60 percent of the joint venture and will contribute 660 million yuan, while Baowu Environment will hold the remainder and will contribute 440 million yuan, SIIC Environment said in a filing to SGX.

The joint venture’s business will include construction, maintenance and management of waste incineration power generation projects, servicing domestic waste, power supply, gas operation and disposing of hazardous waste, the filing said.

Read more about SIIC Environment.

Isetan (Singapore)

Isetan (Singapore) said Monday Koay Bee Fong has resigned as executive director, effective Monday, as she was due for retirement under the company’s internal policy.

Koay will remain in the role of general manager (administration), Isetan (Singapore) said in a filing to SGX.

Read more about Isetan (Singapore).

Manulife US REIT

Manulife US REIT said in a filing before the market open Monday that 91.33 million new units issued under its private placement were issued Monday at US$0.876 each and would begin trading Monday.

Read more: Manulife US REIT private placement prices at top of range on strong demand

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Synagie

Synagie said Monday it appointed Cai Jingren John as group financial controller, responsible for accounting and finance functions, including taxation and compliance matters.

Cai acted as financial controller of KTL Global from September 2015 to July 2019 and as the finance manager of Oxley Holdings from December 2013 to August 2015, Synagie said in a filing to SGX Monday.

Read more about Synagie.

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