Singapore stocks Tuesday: AA REIT, AEM, OxPay, Grab, Biolidics, China Environmental Resources, JUMBO, FSL Trust, SPH REIT

AIMS APAC REIT, or AA REIT, building at 51 Marsiling Road, Singapore, which is leased to Beyonics.AIMS APAC REIT, or AA REIT, building at 51 Marsiling Road, Singapore, which is leased to Beyonics.

These are Singapore companies which may be in focus on Tuesday, 21 September 2021: AIMS APAC REIT, AEM Holdings, OxPay Financial, Grab, Biolidics, China Environmental Resources Group, SPH REIT, JUMBO Group, First Ship Lease Trust (FSL Trust), Hafary Holdings and United Global.

AIMS APAC REIT and Dragon Pacific Assets

Dragon Pacific Assets disposed of 3.93 million units in AIMS APAC REIT for S$1.4341 each in a market transaction, according to a filing to SGX Monday from Megaworld.

The disposal cut Dragon Pacific’s stake to 5.68 percent from 6.16 percent previously, the filing said.

Dragon Pacific Assets is listed in the ICIJ Offshore Leaks Database of the Panama Papers, which has data up through 2010, as a shareholder of Premium Travellers, which was an intermediary of Megaworld at that time. There are legitimate reasons to have offshore entities and a listing in the database does not imply wrongdoing.

AEM Holdings

Abrdn PLC, the parent company of Aberdeen Asset Management, has become a substantial shareholder of AEM Holdings, after the acquisition of 813,600 shares in the market for S$3.37 million, according to a filing to SGX Monday.

The transaction increased abrdn’s deemed interest in AEM to 5.071 percent from 4.808 percent previously, the filing said.

AEM Holdings

James Toh Ban Leng, a non-executive and non-independent director of AEM Holdings, sold 1 million shares in the market for S$4.15 million on 16 September, and on 17 September sold 600,000 shares in the market for S$2.56 million, according to a filing to SGX Monday.

The transactions took Toh’s total interest in AEM Holdings to 4.178 percent from 4.695 percent previously, the filing said.

OxPay Financial

OxPay Financial will become the payment service provider for GrabPay payments at all Watsons’ retail stores in Singapore, when the health retailer begins accepting payments via GrabPay’s digital wallet, the payments servicer said in a filing to SGX Monday.

Read more: OxPay to start GrabPay payment processing for Watsons’ stores in Singapore


Biolidics said Monday it has developed its ClearEpi SARS-CoV-2 Neutralising Antibody Rapid Test Kit, which is intended to detect circulating human IgG neutralising antibodies capable of binding to SARS-CoV-2 spike protein and blocking ACE2 binding.

The test result may indicate whether an individual has protective immunity against Covid-19, Biolidics said in a filing to SGX, but noted it can help identify whether someone has an adaptive immune response and should not be used to diagnose or exclude a Covid infection. The test is limited to professional use and is not intended for home testing, the filing said.

Biolidics said it is negotiating a manufacturing agreement to produce the test and obtaining product liability insurance. The development of the test, which received CE marking Monday to market the test in the European Union, are expected to positively contribute to the group’s revenue for the current financial year, but the impact can’t be quantified yet, the company said.

Read Biolidics’ statement about the test kit.


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China Environmental Resources Group

China Environmental Resources Group warned Monday it expected its consolidated loss for the 12 months ended 30 June would decrease by at least 10 percent from fiscal 2020’s around HK$55.8 million loss.

The narrower loss was attributed to gross profit increasing to around HK$19.9 million, mainly on a change in product mix, other income rising to around HK$2.7 million mainly on government subsidies and higher sponsorship income, and general and administrative and operating expenses falling to around HK$41.2 million, mainly on lower staff costs and expenses for leases.

In a filing to SGX and HKEx, China Environmental Resources noted it is still finalizing its annual results.


SPH REIT has been included in the FTSE EPRA Nareit Global Real Estate Index (Global Developed Index), effective 20 September, the REIT’s manager said in a filing to SGX Monday.

“This inclusion which will raise our visibility amongst global investors, improves our trading liquidity while diversifying our investor base will further enhance our position to capitalise on the recovery to come and on future growth opportunities,” Susan Leng, CEO of SPH REIT, said in the statement.

Read more: UPDATE: Slew of S-REITs added to FTSE EPRA Nareit Global Real Estate Index series


JUMBO Group has opened a JUMBO Seafood restaurant at theme park destination Universal Beijing Resort in Beijing, marking the chain’s second outlet in Beijing and its eighth in mainland China, the storied chilli crab restauranteur said in a filing to SGX Monday. Within Asia, JUMBO Seafood has 17 outlets.

“We are truly excited to be associated with the iconic Universal Studios brand and to be offered the opportunity to operate a JUMBO Seafood restaurant in the heart of the widely anticipated Universal Beijing Resort. Located at the gateway to the theme park, our restaurant is advantageously located and highly accessible to theme park goers,” Ang Kiam Meng, executive director and group CEO, said in the statement.

First Ship Lease Trust

First Ship Lease Trust (FSL Trust) said Monday its wholly owned subsidiary FSL-28 took delivery on 17 September of the vessel Anuket Amber, which it has renamed Pelican Fisher and which has begun an eight-year bareboat charter with James Fisher Everard Ltd.

Read more: First Ship Lease Trust to acquire tanker and long-term charterer

Hafary Holdings

Hafary Holdings CEO Low Kok Ann acquired 50,000 shares of the company for S$8,300 in a market transaction, increasing his stake to 8.52 percent from 8.5 percent previously, according to a filing to SGX Monday.

United Global

Edy Wiranto, non-executive chairman of United Global, acquired 663,700 shares in the lubricant manufacturer at S$0.41 a share, or a total S$272,117 including other costs, in an off-market transaction, according to a filing to SGX Monday.

The deal increased his total interest in the company to 7.12 percent from 6.91 percent previously, the filing said.


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