Singapore stock briefs Wednesday: CapitaLand, UOB, Wilmar, Centurion, Yeo’s, Koufu, Sri Trang Agro, Uni-Asia, Everbright Water

Top of the CapitaLand building in Singapore’s central business district (CBD); taken September 2018.Top of the CapitaLand building in Singapore’s central business district (CBD); taken September 2018.

These are Singapore companies which may be in focus on Wednesday, 11 August 2021: CapitaLand, UOB, Wilmar, Centurion, Yeo Hiap Seng, Koufu, China Everbright Water, SoilBuild Construction, Uni-Asia Group and Sri Trang Agro-Industry.


CapitaLand said Tuesday its shareholders overwhelmingly voted in favor of its proposed restructuring and listing of CapitaLand Investment, which will consolidate the investment management platforms, lodging business, while the real estate development business will be placed under private ownership.

At the extraordinary general meeting, around 99.59 percent of the votes were in favor of the resolution, CapitaLand said in a filing to SGX.

Read more: CapitaLand sets EGM for vote on restructuring proposal


UOB’s Sydney branch has priced A$750 million three-year senior unsecured floating rate notes due May 2024, the Singapore bank said in a filing to SGX late Tuesday.

Read more: UOB’s Sydney branch prices A$750M three-year notes


Wilmar International clarified its proposed initial public offering (IPO) in India of its 50:50 joint venture Adani Wilmar will not require the approval of SGX or Wilmar’s shareholders.

Read more: Adani Wilmar files draft prospectus for India IPO to raise up to US$600M


Centurion reported Tuesday its first half net profit tumbled 58 percent on-year to S$8.74 million as headwinds from the Covid-19 pandemic pressured occupancy at accommodation assets.

Read more: Centurion reports 1H21 net profit tumbled 58 percent on Covid headwinds


Food court operator Koufu reported Tuesday its first half net profit surged by nearly four times to S$9.9 million from S$2.5 million in the year-ago period on improved footfall after the year-earlier Circuit Breaker period to stem the spread of the Covid-19 pandemic.

Read more: Food court operator Koufu 1H21 net profit jumps nearly 4 times on recovery from Circuit Breaker

Yeo Hiap Seng

Yeo Hiap Seng reported Tuesday its first half net loss narrowed to S$1.2 million from S$6.7 million in the year-ago period on double-digit growth in core food and beverage revenue and positive momentum in some overseas markets.

Read more: Yeo Hiap Seng 1H21 net loss narrows on growth in food and beverage revenue

China Everbright Water

China Everbright Water has issued the first tranche of yuan-denominated super & short-term commercial papers (SCPs), which were fully subscribed by institutional investors in China’s national inter-bank bond market, the company said in a filing to SGX Tuesday.

Read more: China Everbright Water issues 800M yuan in first tranche of SCPs

SoilBuild Construction

SoilBuild Construction reported Tuesday its first half swung to a net profit of S$192,000, compared with a year-ago loss of S$17.94 million.

Revenue for the January-to-June period increased 87 percent on-year to S$129.42 million due to an increase in construction and precast manufacturing activities following the gradual recovery from the Covid-19 impact, the company said in a filing to SGX.

“During the first half of 2020, revenue was comparatively lower due to suspension of all its construction and precast activities in Singapore during the Singapore Covid-19 Circuit Breaker period and slow resumption of construction works at site and precast manufacturing activities in the post-CB period,” SoilBuild said in the filing.

Read more about SoilBuild’s first half results.

Uni-Asia Group

Ham Yong Kwan, a substantial shareholder of Uni-Asia Group, acquired 289,800 shares of the company in the market for a total S$303,319, increasing his stake to 9.14 percent from 8.77 percent previously, according to a filing to SGX Tuesday.

Sri Trang Agro-Industry

Sri Trang Agro-Industry said Tuesday it had appointed Executive Director Veerasith Sinchareonkul, age 37, as CEO, to replace Viyavood Sincharoenkul, his father, effective 1 October.