UPDATE: Singapore stocks to watch Wednesday: Mapletree Commercial, GIC, SPH, SIA, Keppel DC REIT, KORE

Singapore Airlines plane on the ground at Singapore’s Changi Airport; taken November 2018.Singapore Airlines plane Changi Airport.

These are companies which may be in focus in Singapore on Wednesday, 16 October 2019: GIC, KKR, Metro Pacific Hospitals, Singapore Press Holdings (SPH), Keppel DC REIT, Singapore Airlines, Keppel Pacific Oak US REIT, Singapore Exchange, Sabana Shari’ah Compliant REIT and Rex International.

This article was originally published on 16 October, 2019 at 1:03 A.M. SGT; it has since been updated to include Mapletree Commercial Trust, Keppel and AIMS APAC REIT. The item on Rex International has been updated.

Mapletree Commercial Trust

Mapletree Commercial Trust plans to offer 406.48 million new units via a private placement and preferential offering to raise at least S$902.3 million, the trust said in a filing to SGX Wednesday.

Read more: UPDATE: Mapletree Commercial Trust launches equity fund raising to raise at least S$902 million

Mapletree Commercial Trust

Mapletree Commercial Trust reported Tuesday its fiscal second quarter net property income rose 1.7 percent on-year to S$87.72 million on higher contributions from the VivoCity, Mapletree Business City I, PSA Building and Bank of America Merrill Lynch HarbourFront (MLHF) properties.

Read more: Mapletree Commercial Trust fiscal 2Q net property income rises nearly 2 percent

Keppel’s Alpha Investment and Allianz

Alpha Investment Partners, via its funds, has entered a deal with Allianz Real Estate to jointly acquire 85 percent of Beijing office complex Ronsin Technology Center for around S$1.3 billion, Keppel Corp. said in a filing to SGX Wednesday.

Read more: Keppel’s Alpha Investment ties up with Allianz to acquire Beijing office project stake for S$1.3B

GIC, KKR and Metro Pacific Hospitals

Singapore state-owned investment company GIC and global investment firm KKR have entered a deal to invest as much as US$680 million in Metro Pacific Investments Corp.’s Metro Pacific Hospitals by acquiring shares and mandatorily exchangeable bonds, the parties said in a joint statement Tuesday.

Read more: GIC, KKR to invest US$680 million in Metro Pacific Hospitals via shares and bonds

Singapore Press Holdings

Singapore Press Holdings’ wholly owned subsidiary SPH JPAM entered a strategic partnership with Bridge C Capital to set up a fund to invest in Japanese healthcare assets such as senior housing, nursing homes and medical office buildings, the media and property company said Tuesday.

Read more: SPH ties up with Bridge C Capital to create Japan aged-care fund

Singapore Airlines

The number of passengers on Singapore Airlines climbed 8.6 percent on-year in September to 3.12 million as capacity, measured in available seat-kilometers, grew by 7.1 percent, the carrier said in a filing to SGX Tuesday.

Read more: Singapore Airlines carries nearly 9 percent more passengers in September

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Keppel Pacific Oak US REIT

Keppel Pacific Oak US REIT, or KORE, reported Tuesday its third quarter net property income rose 36.2 percent on-year to US$18.5 million, beating the forecast from its IPO prospectus by 31.6 percent.

Read more: Keppel Pacific Oak US REIT posts 3Q19 net property income jumped 36 percent

Keppel DC REIT

Keppel DC REIT reported Tuesday its third quarter net property income fell 1.8 percent on-year to S$42.27 million as on the impact of a stronger Singapore dollar on overseas contributions and on the absence of year-ago rental top-up income.

Read more: Keppel DC REIT 3Q19 net property income fell nearly 2 percent

Singapore Exchange

Singapore Exchange Regulation, or SGX RegCo, has entered a memorandum of understanding with Singapore Institute of Surveyors and Valuers (SISV) to improve standards for valuations of real estate and land, the parties said in a statement Tuesday.

Read more: SGX RegCo enters deal with SISV to boost standards for property valuations

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AIMS APAC REIT requested a trading halt Wednesday pending the release of an announcement.

Read more about AIMS APAC REIT.

Sabana Shari’ah Compliant REIT

Sabana Shari’ah Compliant REIT said Tuesday Aw Wei Been, its chief operating officer, has stepped down, effective Tuesday, to pursue other career interests.

Read more about Sabana Shari’ah Compliant REIT.

Rex International

Rex International said Wednesday operator PGNiG Upstream Norway has completed drilling a exploration and appraisal wells on Norwegian Sea licence PL838 as an oil and gas discovery.

Rex’s 90 percent-owned subsidiary, Lime Petroleum, entered a deal in June to acquire 30 percent of the two licences PL838 and PL838B, with transfer to be completed at end-October, Rex said in a filing to SGX.

PGNiG’s preliminary estimates put the discover at around 19 million to 38 million barrels of recoverable oil equivalents, Rex said.

Rex requested a lifting of the trading halt on its shares.

Read more about Rex International.

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