UPDATE: Singapore stock briefs Friday: SGX, ComfortDelGro, Oxley, Hotel Properties, Nanofilm, Temasek, Creative, GuocoLand

Singapore CBDSingapore CBD

These are Singapore companies which may be in focus on Friday, 27 August 2021: Singapore Exchange (SGX), Oxley Holdings, Hotel Properties, Nanofilm Technologies International, Temasek Holdings, Keppel DC REIT, GuocoLand, Keppel Corp., Creative Technology and Chip Eng Seng.

This item was originally published on Friday, 27 August 2021 at 1:55 a.m. SGT; it has since been updated to include ComfortDelGro and SGX’s bond pricing. 

Singapore Exchange

Singapore Exchange Regulation (SGX RegCo) is proposing making climate-related disclosures mandatory in company’s sustainability reports to meet demand from lenders, investors and other stakeholders, the exchange said in a filing Thursday.

Read more: SGX RegCo proposes making climate-related disclosures mandatory

Singapore Exchange

Singapore Exchange (SGX) has priced its debut US$250 million five-year notes issuance at 1.234 percent, with the offering meeting strong demand at more than nine times over-subscribed, the exchange said in a filing Friday.

Read more: SGX prices debut US$250M notes due 2026 after strong demand

ComfortDelGro

A ComfortDelGro joint venture has landed a S$1.13 billion contract to operate rail services in Auckland, marking the land-transport company’s first foray into the New Zealand market, the company said in a filing to SGX Friday.

Read more: ComfortDelGro JV lands S$1.13B contract for Auckland rail franchise in first foray into NZ market

Oxley Holdings

Oxley Holdings reported Thursday its fiscal second half net profit came in at S$9.48 million, swinging from a year-ago net loss of S$288 million on higher sales and lower finance costs.

Read more: Oxley reports fiscal 2H21 swung to net profit on higher sales, lower finance costs

Hotel Properties

Hotel Properties’ wholly owned subsidiary HPL Croatia has entered a deal to acquire 50 percent of Avenue Ulaganja from Avenue Investments & Asset Management for 3.52 million euros, or around S$5.6 million, the Singapore-listed company said in a filing to SGX Thursday.

Read more: Hotel Properties buys 50 percent stake in Croatia hotel development for around S$5.6M

Nanofilm Technologies International and Temasek

Singapore state-owned investment company Temasek Holdings’ deemed interest in Nanofilm Technologies International fell to 5.8 percent from 6.02 percent previously after indirect subsidiary Fullerton Fund Management disposed of 1.48 million shares in the market for S$5.89 million, according to a filing to SGX Thursday.

Fullerton is an independently managed Temasek portfolio company and Temasek isn’t involved in its operating decisions, including for Nanofilm’s shares, the filing said.

 

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Keppel DC REIT and Temasek

Singapore state-owned investment company Temasek Holdings’ deemed interest in Keppel DC REIT has increased to 22.04 percent from 21.95 percent previously after DBS Bank acquired 1.69 million units in the market for around S$4.30 million, according to a filing to SGX Thursday.

Temasek does not have any direct interest in the units, the filing said.

GuocoLand

GuocoLand reported Thursday its full fiscal year net profit increased 48 percent on-year to S$169.11 million, boosted by net fair value gains and a year-earlier impairment loss.

Revenue fell 9 percent on-year to S$853.73 million for the 12 months ended 30 June, GuocoLand said in a filing to SGX.

“This was mainly due to lower progressive recognition of sales from the Singapore residential projects, mainly from Martin Modern as its sales and construction reaches its tail end during the financial year,” GuocoLand said. “The lower contribution from Martin Modern was
partially offset by higher progressive recognition of sales from the other Singapore residential projects and higher contribution from projects in Malaysia.”

Read more about GuocoLand’s results.

Keppel Corp.

Hillwest, a subsidiary of Keppel Land China, has completed the divestment of Chengdu Shengshi Jingwei Real Estate, Keppel Corp. said in a filing to SGX Thursday.

Read more: Keppel to sell Chengdu Shengshi Jingwei Real Estate to China Vanke for S$324M

Creative Technology

Creative Technology reported Thursday its fiscal second half net loss attributable to equity holders narrowed to US$7.72 million from a net loss of US$9.1 million in the year-ago period as net sales increased.

Read more: Creative Technology posts narrower fiscal 2H21 net loss amid sales increase

Chip Eng Seng

Chip Eng Seng said Thursday its wholly owned subsidiary CES Edutech has completed the deal to sell its shares in Cybint International to HackerU Global.

Cybint International has ceased to be an associated company of Chip Eng Seng, and the disposal is expected to contribute positively to earnings per share for the current year, the company said in a filing to SGX.

 

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