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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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 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.
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.
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.
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.
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.
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.
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 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.
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.
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.
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.