These are Singapore companies which may be in focus on Monday, 18 November 2019: Singapore Airlines, OCBC, Great Eastern, Lendlease Global Commercial REIT, Frasers Property, Eagle Hospitality Trust and Mapletree Commercial Trust.
This article was originally published on Friday, 15 November 2019 at 23:35 SGT; it has since been updated to include Yanlord Land, United Engineers, Manulife US REIT and Tiong Seng.
The Singapore Airlines group carried 3.24 million passengers in October, up 8.9 percent on-year, while the passenger load factor (PLF) increased by 2.5 percentage points to 84.4 percent, the carrier said in a filing to SGX Friday.
OCBC, Great Eastern and Lendlease Global Commercial REIT
OCBC’s deemed interest in Lendlease Global Commercial REIT fell to 10.912 percent from 11.111 percent after the disposal of 2.32 million shares for S$2.15 million in a market transaction, the bank said in a filing to SGX Friday.
Yanlord Land and United Engineers
Yanlord Land said early Saturday its conditional offer for shares of United Engineers Ltd. (UEL) had received acceptances bringing the number of shares acquired or agreed to be acquired to around 51.47 percent, making the offer now unconditional.
The offer closing date has been extended to 26 December from 11 December previously, Yanlord Land said in a filing to SGX.
In a separate filing on Sunday, WBL noted that as a result of the offer for UEL becoming unconditional, Yanlord will now also be making a mandatory unconditional offer for shares of WBL.
Frasers Property reported Friday its fiscal year net profit dropped 25.3 percent on-year to S$560.3 million on lower contributions from development projects in Singapore and Australia.
Eagle Hospitality Trust
Eagle Hospitality Trust laid out its case about its Queen Mary property again on Friday, rebutting yet again recent claims and addressing investors’ concerns over the hotel.
Mapletree Commercial Trust
Mapletree Commercial Trust said Friday it has used around S$157.8 million of the S$460.5 million gross proceeds from its preferential offering to pay off a bridging loan to partially fund the acquisition of Mapletree Business City (Phase 2) from Mapletree Investments for S$1.55 billion.
Tiong Seng secured a total of S$125 million from a green loan and an environmental performance-linked facility from OCBC and DBS, respectively, the construction company said in a filing to SGX Monday.
Manulife US REIT
Manulife US REIT said Monday it appointed Robert Wong Teck Ling as chief financial officer, effective Monday.
Wong was director of finance and operations at ARA Trust Management (Cache) from March 2015 through October 2019, and director of operations there from September 2012 to March 2015, the REIT said in a filing to SGX.