UPDATE: Singapore stocks to watch Friday: UOB, Keppel, Yangzijiang, Ascott REIT, AA REIT, Hi-P, POSH

UOB branch at Tiong Bahru PlazaUOB branch at Tiong Bahru Plaza

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

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.

Read more: UOB reports 3Q19 net profit grew 8 percent on higher trading and investment income

Ascendas REIT

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.

Read more: Ascendas REIT reports fiscal 2Q net property income increased 12 percent on UK acquisitions

Sembcorp Marine

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.

Read more: Sembcorp Marine lands FPU contract from Shell Offshore

Keppel Corp.

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.

Read more: Keppel Land invests in India’s Smartworks Coworking Space

Yangzijiang Shipbuilding

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.

Read more: Yangzijiang Shipbuilding lands orders for 6 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.

Read more about Mapletree Logistics Trust.

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Olam

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.

Read more about Olam International.

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.

Read more: Two Eagle Hospitality Trust substantial unitholders sell part of their stakes

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.

Read more: Ascott Residence Trust divests stake in Somerset West Lake Hanoi property

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.

Read more about AIMS APAC REIT.

Hi-P International

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.

Read more: Hi-P International completes acquisition of SEAMCO

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.

Read more about Sabana Shariah Compliant Industrial REIT.

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PACC Offshore Services Holdings

PACC Offshore Services Holdings (POSH) requested a trading halt on its shares Thursday.

Read more about PACC Offshore Services Holdings.

CapitaLand

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.

Read more about CapitaLand.

BreadTalk

BreadTalk said Thursday it has completed the acquisition of Food Junction, making it a wholly owned indirect subsidiary.

Read more about BreadTalk.

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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.

Read more about Keppel DC REIT and Keppel Infrastructure Trust.

Global Palm Resources

Global Palm Resources warned Thursday it expected to report a net loss after income tax for the third quarter.

Read more: Global Palm Resources issues profit warning

Soilbuild Construction

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.

Read more: Soilbuild Construction swings to 3Q19 net loss

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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.

Read more: China Sunsine Chemical warns it expects ‘material’ 3Q19 profit decline

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.

Read more about OUE Lippo Healthcare.

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.

Read more: Parkson Retail Asia reports fiscal 1Q net loss narrowed

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