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 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 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 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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