Singapore stock briefs Tuesday: SIA, Del Monte Pacific, ComfortDelGro, IREIT, Hour Glass, OUE, KORE, Isetan Singapore

A Singapore Airlines Scoot plane on the tarmac at Changi Airport in October 2018.A Singapore Airlines' Scoot plane at Changi Airport

These are Singapore companies which may be in focus on Tuesday, 17 August 2021: Singapore Airlines, Del Monte Pacific, ComfortDelGro, IREIT Global, Keppel Pacific Oak REIT (KORE), Temasek Holdings, OUE, The Hour Glass, Isetan Singapore, Singapore Myanmar Investco, G.H.Y. Culture & Media and Transit-Mixed Concrete.

Singapore Airlines

Singapore Airlines reported Monday its group airlines carried 150,900 passengers in July, up more than four times from 33,900 in July 2020, as the carrier began to increase capacity amid signs of a global recovery from the Covid-19 pandemic.

Read more: Singapore Airlines group July passengers carried surges more than four times on-year

ComfortDelGro

ComfortDelGro is seeking an initial public offering (IPO) on the Australian Securities Exchange (ASX) for its wholly owned subsidiary ComfortDelGro Corp. Australia (CDC), the taxi, bus and fleet operator said in a filing to SGX mid-day Monday.

Read more: ComfortDelGro seeks Australia IPO for Australian subsidiary

Del Monte Pacific

Del Monte Pacific, via its subsidiary Del Monte Philippines (DMPI), has entered a 50:50 joint venture with regional dairy company Vietnam Dairy Products JSC (Vinamilk) to expand into the dairy sector in the Philippines.

Read more: Del Monte Pacific, Vinamilk enter joint venture to expand into Philippines dairy sector

IREIT Global

IREIT Global said Monday its units would begin dual currency trading on Tuesday, with the euro-denominated units trading under the name IREIT Global EUR, with stock code 8U7U.

The Singapore dollar units, with the trading name IREIT Global SGD, will continue to have the stock code UD1U, the REIT said in a filing to SGX.

Keppel Pacific Oak REIT and Temasek

Singapore state-owned investment company Temasek Holdings’ deemed interest in Keppel Pacific Oak REIT (KORE) increased to 11.02 percent from 10.86 percent after the REIT’s manager, Keppel Pacific Oak US REIT Management (KORE-MG) received 1.94 million units at US$0.7714 each as payment of base fees.

Temasek does not have a direct interest in the units, but is deemed interested via its stakes in Keppel and DBS, according to a filing to SGX Monday.

 

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OUE

OUE said Monday it has appointed Leong Shiak Wan and Zuriati Binti Yaacob of Boardroom Corporate Services as liquidators for the voluntary liquidation of Meritus Hotels & Resorts, an indirect wholly owned subsidiary in Malaysia.

The liquidation is not expected to have a material effect on OUE’s net tangible assets or earnings per share for 2021, OUE said in a filing to SGX.

The Hour Glass

TYC Investment, a substantial shareholder in The Hour Glass, reported its direct stake increased to 49.009 percent from 48.994 percent previously after the watch retailer bought back shares in the market, triggering a change in the base figure for calculation.

The Hour Glass’s issued shares declined to 694.35 million from 694.55 million, excluding treasury shares, after the buybacks, the shareholder said in a filing to SGX Monday.

Isetan Singapore

Isetan Singapore said Monday it has signed a new tenant for Level Four of its property Isetan Wisma Atria, located on the tony Orchard Road shopping belt.

The new tenant, a prominent financial institution, will use the space to set up a new banking branch, with the initial lease term set for five years, Isetan Singapore said in a filing to SGX. The lease is expected to begin in the second quarter of next year, after time for renovation works, the filing said.

Singapore Myanmar Investco

Singapore Myanmar Investco said Monday The9 Ltd. has provided written notice it will subscribe for the maximum 33.25 million option shares at S$0.03 each for a total of S$997,500.

Once the deal is complete, The9 will own 44.33 million shares of Singapore Myanmar Investco, or 8.6 percent of the enlarged share base, the company said in a filing to SGX.

Read more: Singapore Myanmar Investco enters MOU with The9 for cryptocurrency mining business

G.H.Y Culture & Media

G.H.Y. Culture & Media said Monday its independent director, Sng Peng Chye, age 65, passed away on Sunday.

Transit-Mixed Concrete

Transit-Mixed Concrete said Monday it has completed its proposed disposal of its entire 45 percent stake in PT ATMC Pump Services to PT Acset Indonusa for 20.25 billion rupiah in cash. After the completion, PT ATMC has ceased to be a joint venture entity of Transit-Mixed Concrete, the company said in a filing to SGX.

 

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