UPDATE: Singapore stocks to watch Monday: Singapore Airlines, OCBC, Lendlease Global REIT, Eagle Hospitality Trust

Singapore Airlines aircraft taken from terminal windows in August 2018.Singapore Airlines aircraft taken from terminal windows in August 2018.

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.

Singapore Airlines

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.

Read more: Singapore Airlines October passengers carried rose nearly 9 percent

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.

Read more: OCBC’s and Great Eastern’s interest in Lendlease Global Commercial REIT falls

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.

Read more about Yanlord Land and United Engineers.

Follow Shenton Wire on Telegram to receive alerts on your phone

Frasers Property

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.

Read more: Frasers Property reports fiscal year net profit fell 25 percent

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.

Read more: Eagle Hospitality Trust lays out its Queen Mary case — Again

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.

Read more about Mapletree Commercial Trust.

Follow Shenton Wire on Telegram to receive alerts on your phone

Tiong Seng

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.

Read more: Tiong Seng lands S$125 million in green loans

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.

Read more about Manulife US REIT.

While you’re here, we’re hoping you can help us out.

Shenton Wire has been providing you with quick news and market analysis. But we need your support to continue to bring you the news you’ve come to expect and to expand our reach beyond Singapore.

Your monthly contribution will directly fund our journalism.

S$2     S$4       S$8

S$18       S$28       S$88


We also accept PayPal contributions



Check your existing account here and sign in to Shenton Wire here.

Contact us about other contribution levels or for corporate subscriptions and article syndication.