These are Singapore companies which may be in focus on Wednesday, 22 October 2019: Keppel Corp., Temasek Holdings, Sembcorp Industries, Sembcorp Marine, UOB, Mapletree Industrial Trust, Singtel, AIMS APAC REIT, Perennial Real Estate Holdings, Yanlord Land, Kimly and Mary Chia Holdings.
This article was originally published on Wednesday, 23 October 2019 at 12:14 A.M. SGT; it has since been updated to include CapitaLand Commerical Trust, Mapletree Logistics Trust, Frasers Centrepoint Trust and Suntec REIT.
Keppel, Temasek, Sembcorp Industries and Sembcorp Marine
Keppel Corp.’s shares surged on Tuesday in high volume after Singapore state-owned investment company Temasek launched a S$7.35 a share bid to increase its stake in the property and rig building conglomerate.
UOB launched Tuesday its U-Solar platform to connect businesses and consumers with financing to encourage the development and adoption of renewable energy in Southeast Asia, with Malaysia the initial market.
CapitaLand Commercial Trust
CapitaLand Commercial Trust reported Wednesday its third quarter net property income increased 0.9 percent on-year to S$81.14 million on the acquisition of Gallileo and Main Airport Center.
The results beat a forecast from Daiwa.
Mapletree Logistics Trust
Mapletree Logistics Trust’s private placement of 154.61 million new units met with strong demand and priced at S$1.617, the top of its S$1.579 to S$1.617 indicative range, the REIT said in a filing to SGX Wednesday.
Mapletree Industrial Trust
Mapletree Industrial Trust reported Tuesday its fiscal second quarter net property income rose 13.3 percent on-year to S$79.99 million on contributions from new projects at 18 Tai Seng, 30A Kallang Place and Mapletree Sunview 1.
Frasers Centrepoint Trust
Frasers Centrepoint Trust reported Wednesday its fiscal fourth quarter net property income slipped 0.1 percent on-year to S$32.85 million due to non-cash accounting adjustments. The results missed a forecast from Daiwa.
Suntec REIT reported Wednesday its third quarter net property income rose 3.2 percent to S$58.36 million, mainly on higher retail and office revenue from Suntec City, offset by lower contributions from Suntec Convention. The net property income missed a Daiwa forecast.
Singtel’s wholly owned subsidiary Singtel Optus has entered a committed revolving credit facility of A$1 billion for general corporate purposes and to refinance an existing credit facility, the Singapore-listed telco said in a filing to SGX Tuesday.
The facility matures on 31 May 2022, the filing said.
Fourteen banks have entered the deal, including ANZ, Bank of America’s Australian branch, Bank of China’s Sydney branch, BNP Paribas’ Sydney branch, Citibank’s Sydney branch, Commonwealth Bank of Australia, DBS Bank’s Australian branch, HSBC’s Sydney branch, Standard Chartered Bank’s Sydney branch, Mizuho Bank, OCBC’s Sydney branch, Sumitomo Mitsui Banking Corp.’s Sydney branch, Societe Generale’s Sydney branch and Westpac Banking, the filing said.
AIMS APAC REIT
The Segantii Asia-Pacific Equity Multi-Strategy Fund became a substantial unitholder of AIMS APAC REIT, with its direct interest rising to 5.238 percent from 2.655 percent previously, Segantii Capital Management said in a filing to SGX Tuesday.
Perennial Real Estate Holdings
Perennial Real Estate Holdings requested a trading halt on its shares Tuesday, pending an announcement.
Yanlord Land requested a trading halt on its shares Tuesday, pending an announcement.
Kimly’s wholly owned subsidiary Jin Wei Food Holdings has entered a deal to acquire a portfolio of 10 coffeeshop and industrial canteen units from third-party sellers for S$59 million, the Singapore-style coffeeshop operator said in a filing to SGX Tuesday.
Mary Chia Holdings
Mary Chia Holdings said Tuesday it has incorporated a new subsidiary in Indonesia, PT MARY CHIA SINDO, to trade and distribute pharmaceutical and cosmetic products.
The new subsidiary, which will have issued share capital of 3.55 billion rupiah, or around US$250,000, will be a springboard for Mary Chia’s line of skincare products, health supplements and services, as well as potentially setting up a flagship store and eventually a chain of stores, Mary Chia Holdings said in a filing to SGX.
Mary Chia Holdings will hold 98 percent of the new subsidiary, while Indonesian businessperson Pak Tanto Adi Pramoko will hold the remainder and act as a senior adviser on the Indonesian market, the filing said.