UPDATE: Singapore stocks Wednesday: United Hampshire US REIT, Straits Trading, SPH, Vertex Venture, Tosei, Ntgrator, NeraTel, Koyo

Singapore street scene at Fullerton area with Marina Bay Sands; taken September 2018.Marina Bay Sands looms over Singapore’s Fullerton area.

These are Singapore companies which may be in focus on Wednesday, 6 October 2021: United Hampshire US REIT, Straits Trading, SPH, Temasek Holdings, Vertex Venture, Tosei Corp., Ntegrator, Nera Telecommunications (NeraTel), Koyo International and Mercurius Capital Investment.

This item was originally published on Wednesday, 6 October 2021 at 1:14 a.m. SGT; it has since been updated to include SIA Engineering. 

United Hampshire US REIT

United Hampshire US REIT has entered a deal to buy two grocery-anchored shopping centers in the U.S. for around US$78.25 million, marking the REIT’s first post-initial public offering (IPO) acquisitions, the REIT said in a filing to SGX Tuesday.

Read more: United Hampshire US REIT acquire 2 grocery-anchored assets for around US$78.25M

United Hampshire US REIT

United Hampshire US REIT has priced its private placement at US$0.63 a unit, the midpoint of the US$0.62 to US$0.64 indicative range as strong demand triggered the upsize option, the REIT said in a filing to SGX late Tuesday.

Read more: United Hampshire US REIT prices private placement at mid-point of range amid strong demand

Straits Trading

The Straits Trading Co., via an indirect subsidiary, has entered a subscription agreement to invest up to 60 million British pounds, or around S$110 million, into Savills IM UK Value Boxes Fund FCP-RAIF, the company said in a filing to SGX Tuesday.

Read more: Straits Trading subsidiary to invest up to S$110M in Savills fund

SPH

Singapore Press Holdings (SPH) reported Tuesday its fiscal year swung to a net profit of S$92.94 million from a year-ago net loss of S$83.68 million, with the company citing an improved performance across all segments, including retail and commercial and purpose-built student accommodation (PBSA).

Read more: SPH posts fiscal year swung to net profit on improved performances from retail and commercial and student housing

SIA Engineering

SIA Engineering has sold its entire 39.2 percent stake in Asian Surface Technologies (AST) to PAS Technologies for US$2.79 million in cash, the aircraft maintenance company said in a filing to SGX Wednesday.

Read more: SIA Engineering sells stake in Asian Surface Technologies

Temasek and Vertex Venture

Vertex Venture Holdings, a subsidiary of Singapore state-owned investment company Temasek Holdings, reported Tuesday it has received a total of around US$74 million in distributions and divestment proceeds from its underlying funds.

Read more: Temasek subsidiary Vertex Venture posts US$74M received from underlying funds

Tosei Corp.

Tosei Corp. reported Tuesday its net profit for the fiscal nine month period nearly tripled to 7.08 billion yen, from 2.47 billion yen in the year-ago period.

“In the hotel business, although there was no recovery in accommodation sales due to the impact of the Covid-19 crisis, sales of properties in the revitalization business and the development business progressed according to plan, while other businesses performed favorably,” Tosei said in a filing to SGX.

Read more: Tosei posts fiscal 9M21 net profit nearly tripled despite hotel segment losses

Ntegrator and China Mobile

Communications network specialist and systems integrator Ntegrator has signed a non-binding memorandum of understanding (MOU) with Chinese telco giant China Mobile to collaborate on securing and developing IT and telecommunications projects, including for 5G infrastructure, in Southeast Asia, the company said in a filing to SGX Tuesday.

Read more: Ntegrator enters MOU with China Mobile to develop 5G infrastructure in Southeast Asia

Nera Telecommunications

Nera Telecommunications (NeraTel) said Tuesday its subsidiary has received a contract of around s$6 million to provide fibre-to-home infrastructure network for a major service provider in Southeast Asia.

The contract is not expected to have a significant impact on the company’s performance this financial year, NeraTel said in a filing to SGX.

Koyo International

Koyo International said Tuesday its wholly owned subsidiary Koyo Engineering has been awarded an S$8.3 million contract from an independent third party to provide mechanical and electrical engineering services.

The contract, which will begin this month, will run for up to 19 months, the filing said.

Mercurius Capital Investment

Chang Wei Lu, CEO of Mercurius Capital Investment, acquired 1.77 million shares of the company in the market for S$138,177 on Friday, increasing his stake to 25.29 percent from 25.16 percent previously, according to a filing to SGX Tuesday.

The company is an investment holding company focused on development and investment in hotel resort properties in Thailand; it currently has the Sheraton Phuket Grand Bay Resort under development.

 

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