UPDATE: Singapore stocks to watch Tuesday: Temasek, Stamford Land, Cache Logistics, Creative, HPHT, Wilmar

Little India street scene in Singapore; taken July 2018.Little India street scene in Singapore; taken July 2018.

These are Singapore companies which may be in focus on Tuesday., 29 October 2019: Temasek Holdings, Stamford Land, Cache Logistics Trust, Wilmar International, Creative Technology, Hutchison Port Holdings Trust (HPHT), EMAS Offshore, Roxy-Pacific Holdings, SK Jewellery Group, Raffles United, China Fishery Group, Pacific Andes Resources Development and Pacific Andes International Holdings.

This article was originally published on Saturday, 26 October 2019 at 23:56 SGT; it has since been updated to include Eagle Hospitality Trust, Keppel Infrastructure Trust, Keppel Pacific Oak US REIT and Dyna-Mac. 

The Singapore market was closed on Monday, 28 October 2019 to mark the Diwali holiday.

Temasek Holdings

Temasek Holdings has redeemed its US$1.5 billion 4.3 percent guaranteed notes due 25 October 2019 at par value and cancelled them, the state-owned investment company said in a filing to SGX Friday.

Read more: Temasek redeems US$1.5 billion bond

Stamford Land

Stamford Land is in advanced negotiations on an investment opportunity with a “substantial” size, the property developer and hotel operator’s management said at the annual general meeting Friday, according to the minutes.

Read more: Stamford Land: In advanced talks for ‘substantial’ investment

Cache Logistics Trust

Cache Logistics Trust reported Friday its third quarter net property income fell 8.3 percent on-year to S$21.14 million, partly due to lower revenue and higher expenses from converting the Cache Gul LogisCentre to a multi-tenancy structure from a master lease in April.

Read more: Cache Logistics Trust reports 3Q19 net property income fell 8 percent

Eagle Hospitality Trust

Eagle Hospitality Trust confirmed Monday that neither the REIT nor its sponsor, Urban Commons, were in default of the terms of the ground lease for the Queen Mary property.

Read more: UPDATE: Eagle Hospitality Trust confirms Queen Mary lease not in default

Keppel Infrastructure Trust and Basslink

Basslink said Monday it has no choice but to comply with Hydro Tasmania’s instruction that some of its interconnector’s electricity-transmission capacity can only be used if pricing hits maximum levels.

Basslink is part of Keppel Infrastructure Trust’s portfolio.

Read more: Basslink: No choice but to comply with Hydro Tasmania’s pricing instruction

Wilmar International

Wilmar International said Friday it has formed two new subsidiaries, one in China for generating electricity, and the other in Senagal for trading agricultural products.

Read more: Wilmar forms two new subsidiaries for electricity and for trading agricultural products

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Keppel Pacific Oak US REIT

Keppel Pacific Oak US REIT said Tuesday the 104.29 million new units it issued at US$0.725 each under its private placement will begin trading on SGX Tuesday.

Read more about Keppel Pacific Oak US REIT.

Creative Technology

Creative Technology said Friday it wasn’t aware of any material information that might explain the surge in its share price.

The stock ended Friday up 19.01 percent at S$3.38.

“The company is not aware of any other possible explanation for the unusual price movements in the company’s shares,” Creative Technology said in a filing to SGX.

Read more about Creative Technology.

Hutchison Port Holdings Trust

Hutchison Ports Holdings Trust (HPHT) reported Friday its profit attributable to unitholders, or net profit, fell 2.9 percent on-year to HK$232.5 million (S$40.44 million).

Read more: Hutchison Ports Holdings Trust reports 3Q19 net profit fell 3 percent

Dyna-Mac Holdings

Dyna-Mac Holdings announced Tuesday that Lim Tze Jong Desmond — the group’s founder, executive chairman and CEO — died on Saturday.

Read more about Dyna-Mac Holdings.

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EMAS Offshore

EMAS Offshore said Friday its application in the High Court of Singapore to be placed under judicial management has been granted.

Read more: EMAS Offshore to be placed under judicial management

Roxy-Pacific Holdings

Roxy-Pacific Holdings warned Friday it expected its third quarter profit to be lower on-year, based on a preliminary review of its unaudited financial statements.

Read more: Roxy-Pacific warns it expects 3Q19 profit fell

Cache Logistics Trust

Cache Logistics Trust said Friday Robert Wong Teck Ling, director of finance and operations, will step down from his role on 31 October to pursue personal interests.

Read more about Cache Logistics Trust.

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SK Jewellery Group

SK Jewellery Group said Friday Yong Mew Peng Victoria would step down from her role as chief financial officer of the company, effective 8 November, to pursue other interests.

Raffles United

GATXH Holdings announced Friday it has made a voluntary, unconditional offer to acquire all of Raffles United for S$0.065 a share, with plans to delist the company.

Read more: GATXH makes unconditional offer to acquire all of Raffles United

China Fishery Group, Pacific Andes Resources Development and Pacific Andes International Holdings

China Fishery Group and Pacific Andes Resources Development said Friday that the Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD) of the Singapore Police have informed them no further action will be taken over an investigation of a potential Securities Act violation. The investigation has been concluded, the companies said.

In 2015, the MAS and CAD had requested information and documents covering the 1 October 2011 to 20 August 2015 period relating to the companies, their subsidiaries and their dealings with certain third parties who weren’t interested persons, the two companies said in a filing to SGX. One of the third parties was a trading party, the filing said.

MAS and CAD had also requested certain information and documents related to Pacific Andes International Holdings, which was the Hong Kong-listed holding companies of China Fishery and Pacific Andes Resources Development

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