UPDATE: Singapore stocks to watch Wednesday: Singapore Airlines, StarHub, Perennial, HPHT, AA REIT, FLT

Singapore Airlines boarding gate; July 2018Singapore Airlines boarding gate; July 2018

These are Singapore companies which may be in focus on Wednesday, 6 November 2019: Singapore Airlines (SIA), StarHub, Perennial Real Estate, Hutchison Port Holdings Trust (HPHT), Hi-P International, AIMS APAC REIT (AA REIT), Prime US REIT, Far East Orchard and KLW Holdings.

This article was originally published on Wednesday, 6 November 2019 at 2:03 A.M. SGT; it has since been updated to include Frasers Logistics & Industrial Trust and two items on ARA US Hospitality REIT.

Singapore Airlines

Singapore Airlines reported Tuesday its fiscal second quarter net profit jumped 67.9 percent on-year to S$94 million on improvements in the share of results from associates and joint ventures, offset by higher net finance charges.

Read more: Singapore Airlines reports fiscal 2Q net profit climbed 68 percent

StarHub

StarHub reported Tuesday it third quarter net profit rose 2 percent on-year to S$58 million despite lower revenue from mobile, pay TV and broadband, as operating expenses fell.

Read more: StarHub reports 3Q19 net profit increased 2 percent despite revenue falling

Perennial Real Estate

Perennial Real Estate reported Tuesday it swung to a net loss of S$9.93 million for the third quarter from a net profit of S$48.26 million in the year-ago period, due to a year-ago fair value gain and higher finance costs.

Read more: Perennial Real Estate reports 3Q19 swung to net loss on year-ago gain, higher finance costs

Frasers Logistics & Industrial Trust

Frasers Logistics & Industrial Trust reported Wednesday fiscal fourth quarter net property income rose 0.6 percent on-year to A$50.49 million (S$47.26 million) on contributions from acquisitions in Europe and Australia, partially offset by divestments in Australia.

Read more: Frasers Logistics Trust reports nearly flat fiscal 4Q net property income

ARA US Hospitality Trust

ARA US Hospitality Trust has entered a deal to acquire a portfolio of three Marriott-branded upscale selective-service hotels in the U.S. from Concord Hospitality Enterprises for US$84.5 million, the REIT said in a filing to SGX Wednesday.

Read more: ARA US Hospitality Trust enters deal to acquire 3 Marriott-branded US hotels

Hutchison Port Holdings Trust

Hutchison Port Holdings’ indirect, wholly owned subsidiary HPHT Finance has issued US$500 million 2.875 percent guaranteed notes due 2024, the trust said in a filing to SGX Tuesday.

Read more: Hutchison Port Holdings Trust issues US$500 million notes due 2024

AIMS APAC REIT

AIMS APAC REIT said Tuesday it will issue S$100 million 3.60 percent fixed rate notes, or series 001 notes, as part of its S$750 million multicurrency debt issuance program.

Read more: AIMS APAC REIT to issue S$100 million fixed-rate notes

ARA US Hospitality Trust

ARA US Hospitality Trust reported Wednesday its third quarter net property income came in at US$13.50 million, missing the US$17.33 million forecast from its IPO prospectus by 22.1 percent.

Read more: ARA US Hospitality Trust reports 3Q19 net property income missed IPO forecasts

Prime US REIT

Prime US REIT reported Tuesday net property income for the 19 July to 30 September period was US$17.91 million, 2.8 percent above the forecast from the REIT’s IPO prospectus.

Read more: Prime US REIT results beat IPO forecasts

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Far East Orchard

Far East Orchard reported Tuesday its third quarter swung to a net loss of S$406,000 from a year-earlier net profit of S$564,000 as currency exchange losses widened.

Read more: Far East Orchard reports 3Q19 swung to net loss on wider currency exchange losses

Hi-P International

Hi-P International said Tuesday it accepted an offer from Citibank’s Singapore branch for a US$10 million credit facility.

In addition, Hi-P’s wholly owned subsidiary Hi-P Thailand accepted an offer from Citibank’s Bangkok branch for a US$5 million facility and Hi-P (Poland) has accepted an offer for a US$5 million overdraft facility from Bank Handlowy w Warszawie, the company said in a filing to SGX.

In a separate filing, Hi-P said its revolving credit facility of US$15 million from HSBC has been cancelled due to non-utilization.

Read more about Hi-P International.

KLW Holdings

KLW Holdings warned Tuesday it expected to report a net loss for its fiscal second quarter ended 30 September, mainly due to a decline in revenue from the door business.

The results are expected to be released on or before 14 November, the company said in a filing to SGX.

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