UPDATE: SG stocks Wednesday: UOB, Singapore Airlines, Mapletree Logistics, SGX, Singtel, FEHT

UOB bank branch at VivoCity Mall. Photo taken November 2021UOB bank branch at VivoCity Mall. Photo taken November 2021

Singapore companies in focus on Wednesday, 16 February 2022:

  • UOB reports 4Q21 net profit grew 48 percent, boosted by strong loan growth
  • Singapore Airlines January demand slipped as Omicron variant stalled VTL ticket sales
  • Mapletree Logistics Trust to acquire two land plots in Malaysia
  • SGX adds UBS as a DLC issuer with 10 new products

Others: Singtel, Far East Hospitality Trust (FEHT), Marco Polo Marine, Keppel Infrastructure Trust, Addvalue Technologies, Advancer Global and Raffles Infrastructure Holdings.

This item was originally published on Wednesday, 16 February 2022 at 1:35 a.m. SGT; it has since been updated to include UOB.

UOB

UOB reported Wednesday its fourth quarter net profit climbed 48 percent on-year to S$1.02 billion, with earnings coming in slightly below forecasts from Daiwa.

Read more: UPDATE: UOB reports 4Q21 net profit grew 48 percent, boosted by strong loan growth

Singapore Airlines

Singapore Airlines reported Tuesday that January saw some moderation in passenger demand compared with December as the Singapore government temporarily suspended new ticket sales for the Vaccinated Travel Lane (VTL).

Read more: Singapore Airlines January demand slipped as Omicron variant stalled VTL ticket sales

Mapletree Logistics Trust

Mapletree Logistics Trust has entered a deal to acquire two leasehold land plots for industrial properties in Subang Jaya, Selangor, Malaysia, for a total of 65.6 million ringgit, or around S$21 million, the trust said in a filing to SGX Tuesday. 

Read more: Mapletree Logistics Trust to acquire two land plots in Malaysia

Singtel

Singtel reported Tuesday its net profit for the fiscal third quarter ended 31 December increased 24.9 percent on-year to S$734 million on exceptional gains of S$232 million, mainly due to a net gain on disposal of a 70 percent stake in Australia Tower Network and provisions for tax due to an unfavorable Australia Federal Court judgement.

Operating revenue for the period fell 7.7 percent on-year to S$3.91 billion on lower NBN migration revenue and equipment sales, the telco said in a filing to SGX. 

Read more details of Singtel’s third quarter update.

Singapore Exchange and UBS

Singapore Exchange (SGX) has added UBS as a new Daily Leverage Certificate (DLC) issuer, with the Swiss bank listing 10 new DLCs Tuesday, the exchange said in a filing to SGX.

Read more: SGX adds UBS as a DLC issuer with 10 new products

Far East Hospitality Trust

Far East Hospitality Trust reported Tuesday its second half net property income rose 16.1 percent on-year to S$38.98 million as revenue from retail and office spaces grew, and on lower finance costs.

Read more: Far East Hospitality Trust reports 2H21 net property income rose 16 percent

Marco Polo Marine, Keppel Infrastructure Trust and others

Singapore company briefs: Marco Polo Marine, Keppel Infrastructure Trust, Addvalue Technologies, Advancer Global and Raffles Infrastructure Holdings.

Read more: SG briefs: Marco Polo Marine, Keppel Infrastructure Trust, Addvalue, Raffles Infrastructure