UPDATE: Singapore stocks Thursday: Mapletree Commercial, Keppel, Perennial, KORE, Temasek, AusGroup, CapitaLand Investment, Creative

Singapore’s VivoCity mall, owned by Mapletree Commercial TrustSingapore’s VivoCity mall, owned by Mapletree Commercial Trust Note: Photo taken pre-Covid

Singapore companies in focus on Thursday, 28 October 2021:

  • Mapletree Commercial Trust posts fiscal 1H net property income rose nearly 11 percent
  • Keppel Infrastructure ties up with Perennial for energy-as-a-service for sustainability
  • Keppel Pacific Oak US REIT posts 3Q21 net property income rose around 6 percent

Others: Temasek Holdings, Tikehau Capital, Vertex Holdings, CapitaLand Investment, AusGroup, Frasers Centrepoint Trust, Creative Technology, Ascendas India Trust, Keppel Infrastructure Trust, ComfortDelGro, BHG Retail REIT, Vividthree Holdings, ecoWise Holdings, OxPay Financial, Singapore Medical Group (SMG), Aurum Land, Sunpower Group, Interra Resources and Dyna-Mac Holdings.

This item was originally published on Thursday, 28 October 2021 at 1:57 a.m. SGT; it has since been updated to include Metech International, UOL Group and Singapore Land (SingLand).

Keppel Corp. and Perennial Holdings

Keppel Infrastructure, under a S$50 million contract, will work with Perennial Holdings to roll out its energy-as-a-service (EaaS) platform at Perennial Business City to build a low-energy business park, the two companies said in a filing to SGX.

Read more: Keppel Infrastructure ties up with Perennial for energy-as-a-service for sustainability

Mapletree Commercial Trust

Mapletree Commercial Trust reported Wednesday its fiscal first half net property income increased 10.7 percent on-year to S$189.86 million on lower rental rebates on-year and on compensation for a pre-terminated lease at mTower.

Read more: Mapletree Commercial Trust posts fiscal 1H net property income rose nearly 11 percent

Keppel Pacific Oak US REIT

Keppel Pacific Oak US REIT, or KORE, reported Wednesday its third quarter net property income rose 5.6 percent on-year to US$21.7 million on the recent acquisitions in Nashville and Denver, and a stronger performance from the existing portfolio.

Read more: Keppel Pacific Oak US REIT posts 3Q21 net property income rose around 6 percent

Temasek Holdings, Tikehau Capital and Vertex Holdings

Temasek-backed Tikehau Capital has applied to list a special purpose acquisition company (SPAC) on SGX, Reuters reported Wednesday, citing three sources with knowledge of the matter.

The SPAC, which will be sponsored by Tikehau Capital and Financiere Agache, plans to raise around S$200 million, the sources said, according to the Reuters report, which said SGX declined to comment as listing applications are confidential.

Temasek-backed Vertex Holdings is also planning to list SPACs, the Reuters report said. Nikkei Asia reported, citing sources, that Vertex Holdings was planning to raise S$200 million to S$250 million for its SPAC.

Read the Reuters report.

CapitaLand Investment, Infineon Technologies and Hyundai Motor

Infineon Technologies, CapitaLand Investment and Hyundai Motor have tied up to help Asian startups develop products and appliations for sustainability, future mobility, smart cities and smart factories, The Straits Times reported Wednesday.

Digital News Asia reported Infineon will work with startups focusing on areas including energy management and urban farming.

Read the Straits Times article.

Frasers Centrepoint Trust

Frasers Centrepoint Trust reported Wednesday its fiscal second half net property income surged 213 percent on-year to S$120.91 million, boosted by the acquisition of the 63.11 percent of AsiaRetail Fund it didn’t already own and on lower rental rebates to tenants.

Read more: Frasers Centrepoint Trust posts fiscal 2H net property income more than tripled

AusGroup and Global Energy Ventures

AusGroup‘s subsidiary NT Port and Marine is in preliminary non-binding talks with Global Energy Ventures (GEV) to use NT Port and Marine’s infrastructure to assist in the development of GEV’s proposed green hydrogen export project, the Singapore-listed company said in a filing to SGX Wednesday.

Read more: AusGroup in talks with Global Energy Ventures to provide export infrastructure support

UOL Group and Singapore Land (SingLand)

A joint venture between UOL Group and Singapore Land (SingLand) has submitted the winning bid of S$550.8 million for the en bloc purchase of the freehold Watten Estate Condominium, the companies said in separate filings to SGX Thursday.

Read more: UOL, Singapore Land JV wins bidding for Watten Estate Condo en bloc

Ascendas India Trust

Ascendas India Trust reported Wednesday its third quarter net property income increased 8 percent on-year to S$39.9 million on contributions from Anchor Annex building at ITPL and aVance 6 at aVance Hyderabad.

Read more: Ascendas India Trust reports 3Q21 net property income rose 8 percent

Keppel Infrastructure Trust

Keppel Infrastructure Trust reported Wednesday its nine month earnings before interest, taxes, depreciation and amortisation (ebitda) rose 3.8 percent on-year to S$295.3 million, while free cash flow to equity (FCFE) fell 8.3 percent on-year to S$145.36 million.

Read Keppel Infrastructure Trust’s third quarter update.

BHG Retail REIT

Qianhai International Holdings has sold 33.86 million units of BHG Retail REIT in an off-market transaction for S$0.59 a unit, taking its interest down to 13.2 percent from 19.8 percent previously, according to a filing to SGX Wednesday.

ComfortDelGro

ComfortDelGro Corp. Australia has completed the acquisition of Young’s Bus Service, located in Australia’s Rockhampton region, the company said in a filing to SGX Wednesday.

Read more: ComfortDelGro to acquire Young’s Bus Service for A$17.5M

Creative Technology

Creative Technology, in responses to shareholder questions before its annual general meeting, said Wednesday the macro business environment has become even more uncertain than it was in the cautious Chairman’s Message in its annual report, about a month ago.

Read more: Creative Tech: Business environment has become ‘more uncertain’

Alliance Healthcare Group

Alliance Healthcare Group said Wednesday it has entered a five-year outsourcing agreement with insurer Aviva to provide services including managed healthcare, claim administration, customer services, nursing, home care and other medical services to Aviva’s patient care program.

Read Alliance Healthcare Group’s statement filed to SGX.

 

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Singapore Medical Group and Aurum

Healthcare provider Singapore Medical Group (SMG) and Aurum Land have entered a joint venture to launch Core Clinic, a co-working space targeting specialist healthcare practitioners, which will be located at Katong i12 Mall, the companies said in a filing to SGX Wednesday.

Read Singapore Medical Group’s statement filed to SGX.

Sunpower Group

Sunpower Group warned Wednesday it expects its third-quarter net profit excluding the financial effects of its convertible bonds to be “negatively impacted” by higher feedstock costs and the rationing of power in several Chinese provinces in September.

However, the company noted net profit from the Green Investments business is expected to post a record on-year increase.

Read Sunpower Group’s filing to SGX.

Dyna-Mac Holdings

Dyna-Mac Holdings said Wednesday it has collaborated with the National University of Singapore to get a grand under the low-carbo energy research funding initiative.

Read more: Dyna-Mac ties up with NUS to secure grant for low-carbon energy research

Interra Resources

Poly Legend International has disposed of 11.07 million shares of Interra Resources in a market transaction for S$572,022, taking its interest to 6.68 percent from 8.37 percent previously, according to a filing to SGX Wednesday.

OxPay Financial

OxPay Financial said Wednesday it was appointed the exclusive payments provider for HIVE Ventures, a Thailand-based food and beverage platform.

HIVE Ventures offers an online business-to-business (B2B) wholesale and retail market for food businesses, operational services for restaurants, such as accounting and inventory management, and restaurant delivery ordres.

Read OxPay Financial’s statement filed to SGX.

Metech International

Metech International said Thursday its joint venture Asian Eco Technology (AET) has entered a strategic collaboration with China-based medical equipment manufacturer Rui Ji Healthcare to to develop and manufacture surgical tools, including for incision purposes, with lab-grown diamonds.

Read Metech International’s filing to SGX.

Vividthree Holdings

Vividthree Holdings said Wednesday it has entered preliminary discussions with GammaR, among others, as a way to enter the fast-growing gaming sector and capitalise on popular trends such as blockchain and non-fungible tokens (NFTs) in the gaming sector.

GammaR, which has an in-house game development team, helps NFT game developers bring their products to market, Vividthree said in a filing to SGX.

Read Vividthree’s statement filed to SGX.

EcoWise Holdings

EcoWise Holdings said Wednesday it has received a letter from a group of shareholders, including CEO and Executive Director Lee Thiam Seng, convening an extraordinary general meeting (EGM).

The EGM’s purpose is to call a vote on removing Cao Shixuan as a director immediately, and to appoint a slate of directors supported by the shareholders which represent around 12.49 percent of the company’s shares, ecoWise said in a filing to SGX.

A previous EGM, which was to have been held on 13 August, to vote on removing Cao Shixuan did not proceed because Cao Shixuan had obtained an interim injunction from the High Court of Singapore to prevent the meeting, the filing said.

Read ecoWise’s filing to SGX.

 

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