UPDATE: Singapore stocks to watch Tuesday: OCBC, CapitaLand, POSH, Challenger, Koufu, Vividthree

OCBC branch in SingaporeOCBC branch in Singapore

These are Singapore companies which may be in focus on Tuesday, 5 November 2019: PACC Offshore Services Holdings (POSH), China Everbright Water, Challenger Technologies, Koufu, Vividthree, Synagie and Asiatravel.com.

This article was originally published on Monday, 4 November 2019 at 23:49 SGT; it has since been updated to include OCBC, CapitaLand, AIMS APAC REIT, Singapore Press Holdings and Spackman Entertainment.


OCBC reported Tuesday its third-quarter net profit fell 6 percent on-year to S$1.17 billion due to a one-time charge, even as both net interest income and non-interest income rose.

Read more: UPDATE: OCBC reports 3Q19 net profit fell 6 percent on one-off charge at Indonesian subsidiary


CapitaLand reported Tuesday its third quarter net profit fell 7.8 percent on-year to S$333.93 million, mainly on lower portfolio gains, partly offset by higher operating profit.

Read more: CapitaLand reports 3Q19 net profit fell 8 percent

PACC Offshore Services Holdings, or POSH

Quetzal Capital said Monday it has made a conditional offer to acquire all of PACC Offshore Services Holdings (POSH) for S$0.215 a share, marking a 97.2 percent premium over the stock’s closing price on 30 October.

POSH requested the trading halt on its shares be lifted.

Read more: Kuok-tied Quetzal Capital makes bid to acquire PACC Offshore Services

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PACC Offshore Services Holdings, or POSH

PACC Offshore Services Holdings, or POSH, reported Monday its third quarter net loss widened to US$40.43 million, from US$5.34 million in the year-ago period, mainly on impairments related to the POSH Terasea joint venture.

Read more: POSH reports 3Q19 net loss widened substantially


AIMS APAC REIT reported Tuesday its fiscal second quarter net property income increased 16.6 percent on-year to S$22.49 million on higher gross revenue after an acquisition and lower property expenses.

Read more: AIMS APAC REIT reports fiscal 2Q net property income climbed 17 percent

Singapore Press Holdings

Singapore Press Holdings said Tuesday it priced an offering of S$300 million subordinated perpetual securities at 4 percent, with the bonds to be issued under its S$1 billion multicurrency debt program.

Read more: Singapore Press Holdings prices S$300 million perpetual securities

China Everbright Water

China Everbright Water landed two waste-water treatment projects in Shandong Province with a total investment of around 396 million yuan (S$76.48 million), the water infrastructure player said in a filing to SGX Monday.

Read more: China Everbright Water lands two waste-water treatment projects in Shandong

Spackman Entertainment

Spackman Entertainment said Tuesday it entered a memorandum of understanding with South Korea-based Sunwoo Produce to collaborate on penetrating new overseas markets with entertainment content and investments.

Read more: Spackman Entertainment enters overseas production tie-up with Sunwoo Produce

Challenger Technologies

Challenger Technologies reported Monday its third quarter profit after tax fell 4 percent on-year to S$4.31 million on higher expenses.

Read more: Challenger Technologies reports 3Q19 profit after tax slipped 4 percent

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Koufu reported Monday its third quarter net profit climbed 52.3 percent on-year to S$7.1 million on stronger contributions from both the outlet and mall management and the F&B retail segments.

Read more: Koufu reports 3Q19 net profit jumped 52 percent on new outlets and organic revenue growth


Lee Chun Fun has ceased to be a substantial shareholder of Vividthree, with her direct interest falling to 4.89 percent from 10.11 percent previously, it said in a filing to SGX Monday.

The decline in Lee’s interest came after the sale of 17.43 million shares in the market at S$2.62 million, the filing said.

In September 2018, Lee had agreed to a 12-month lockup period on her stake.

Read more about Vividthree.


Synagie said Monday Enterprise Singapore has appointed the company a partner to work on a project aimed at helping small and medium-sized enterprises internationalize via e-commerce.

Singapore SMEs will get a 70 percent subsidy via a grant from Enterprise Singapore for adopting Synagie’s multi-channel e-commerce platform services, priced at S$20,000 for the first year, Synagie said in a filing to SGX. The platform service includes business advisory, content development, big data analytics, cross-border warehousing and fulfillment, the filing said.

Read more about Synagie.

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Asiatravel.com said Monday the Singapore Tourism Board has withdrawn its suspension of the company’s travel-agent license as it was unable to meet the criteria for renewal; the company currently doesn’t have a license, Asiatravel.com said in a filing to SGX.

The company added it has submitted an application to SGX for an extension of time to 9 April 2020 to submit a proposal to resume trading in its shares, in line with a moratorium granted by the Singapore court for applying to convene a meeting of its creditors until the same date.

“The company expects to be able to convene a meeting of its scheme creditors and put forward its proposed scheme of arrangement before 9 April 2020 and subsequently seek the approval of its shareholders,” Asiatravel.com said.

Read more about Asiatravel.com.

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