These are Singapore companies which may be in focus on Friday, 1 November 2019: Keppel Corp. Yangzijiang Shipbuilding, Ascott Residence Trust, AIMS APAC REIT, Hi-P International, Sabana Shariah Compliant Industrial REIT, PACC Offshore Services Holdings (POSH), CapitaLand, BreadTalk, Keppel DC REIT, Keppel Infrastructure Trust, Global Palm Resources, Soilbuild Construction, OUE Lippo Healthcare, Parkson Retail Asia and China Sunsine Chemical.
This article was originally published on Friday, 1 November 2019 at 12:31 A.M. SGT; it has since been updated to include UOB, Ascendas REIT, Sembcorp Maine, Olam, Mapletree Logistics and Eagle Hospitality Trust.
UOB reported Friday its third quarter net profit climbed 8 percent to S$1.12 billion on stronger client franchise income and trading and investment income.
Ascendas REIT reported Friday its fiscal second quarter net property income climbed 12 percent on-year to S$177.9 million on the acquisitions of 38 logistics properties in the U.K. in 2018. The figure beat a Daiwa forecast.
Sembcorp Marine Rigs & Floaters won a contract from Shell Offshore to build and integrate the topside and hull of a floating production unit (FPU) for the Whale field in the Gulf of Mexico, Sembcorp Marine said in a filing to SGX Friday.
Keppel Land has invested US$25 million in India-based Smartworks Coworking Space, a flexible office-space provider with a presence in nine cities on the subcontinent, the property arm of Keppel Corp. said in a filing to SGX Thursday.
Yangzijiang Shipbuilding said Thursday it entered new order contracts from Bulgarian shipping company Navigation Maritime Bulgare to build six 31,800DWT Great Lakes bulk carriers.
Mapletree Logistics Trust
Mapletree Logistics Trust said Friday the 154.61 million new units issued at S$1.617 each in its private placement will begin trading Friday.
The new units bring the total number of units to 3.79 billion, the trust said in a filing to SGX.
Olam International said Friday its subsidiary Crown Flour Mills has completed the acquisition of all the Dangote Flour Mills shares it didn’t already own.
Dangote Flour Mills’ shares will be delisted from the Nigeria Stock Exchange, the filing said.
Eagle Hospitality Trust
Two of Eagle Hospitality Trust’s large unitholders have sold part of their stakes, while remaining above the 5 percent threshold to be considered “substantial” stakeholders, filings to SGX said Friday.
Ascott Residence Trust
Ascott Residence Trust has divested its entire interest in The Ascott (Vietnam) Investments, which indirectly holds a stake in the Somerset West Lake Hanoi serviced residence property, for US$10 million, or around S$13.7 million, the REIT said in a filing to SGX Thursday.
AIMS APAC REIT
UBS Group ceased to be a substantial unitholder of AIMS APAC REIT, with its deemed interest falling to 4.71 percent from 5.07 percent previously, the investment bank said in a filing to SGX Thursday.
The interest declined after the disposal of 2.50 million units for S$3.40 in a market transaction, the filing said.
Hi-P International has completed the acquisition of high-precision engineering plastic component maker South East Asia Moulding Co., or SEAMCO, the contract manufacturer said in a filing to SGX.
Sabana Shariah Compliant Industrial REIT
The manager of Sabana Shariah Compliant Industrial REIT said Thursday Yong Kok Hoon has retired as chairman, effective Thursday, and Tan Cheong Hin has been appointed to replace him, effective Friday.
PACC Offshore Services Holdings
PACC Offshore Services Holdings (POSH) requested a trading halt on its shares Thursday.
CapitaLand said Thursday it has redeemed in full its S$250 million 4.35 percent fixed rate notes due 2019 and the notes have been canceled.
The notes were issued under the developer’s S$3 billion multicurrency medium-term note program, CapitaLand said in a filing to SGX.
BreadTalk said Thursday it has completed the acquisition of Food Junction, making it a wholly owned indirect subsidiary.
Keppel DC REIT and Keppel Infrastructure Trust
Keppel DC REIT said Thursday it has completed the acquisition of DC1, the data center at 18 Riverside Road in Singapore.
The REIT used around S$203.9 million of the proceeds of its equity fundraising to partially fund the acquisition, Keppel DC REIT said in a filing to SGX.
In addition, Keppel Infrastructure Trust said Thursday its wholly owned subsidiary, CityDC, had completed the disposal of its 51 percent stake in DC1, and the data center has ceased to be a subsidiary.
KIT had a S$50.8 million gain from the disposal, the trust said in a separate filing to SGX.
Global Palm Resources
Global Palm Resources warned Thursday it expected to report a net loss after income tax for the third quarter.
Soilbuild Construction reported Thursday it swung to a third quarter net loss of S$4.42 million, from a year-ago net profit of S$113,000 on additional construction costs for some completed projects, depreciation charges and factory cost.
China Sunsine Chemical
China Sunsine Chemical warned Thursday it expected to report a “material decrease” in its third quarter net profit, compared with the year-ago period.
OUE Lippo Healthcare
OUE LIppo Healthcare said Thursday its indirect, wholly owned subsidiary Wuxi Donghao Medical Management Consultancy has completed the acquisition of a 70 percent stake in Wuxi Bohai Hospital.
The company will take full operating control of the hospital, effective 1 November, OUE LIppo Healthcare said in a filing to SGX.
Parkson Retail Asia
Parkson Retail Asia reported Thursday its fiscal first quarter net loss narrowed to S$9.73 million, from S$11.13 million in the year-ago period as a lower store count lowered expenses.