SG stocks Thursday: UOB, SIA Engineering, Prime US REIT, Kimly, OxPay, OUE C-REIT

Singapore UOB bank branchSingapore UOB bank branch

Singapore companies in focus on Thursday, 17 February 2022:

  • UOB’s Vietnam unit struggled in 2021
  • SIA Engineering to buy 75 percent of SR Technics Malaysia for MRO JV
  • Prime US REIT reports 2H21 net property income rose 14 percent

Others: OUE Commercial REIT, Kimly, OxPay Financial and TranSwap.

UOB

UOB‘s Vietnam unit appears to have had a tough year, reporting Wednesday operating profit for 2021 dropped 72 percent from 2020 to S$4 million.

Read more: UOB’s Vietnam unit struggled in 2021

SIA Engineering

SIA Engineering entered a deal to acquire 75 percent of SR Technics Malaysia from SR Technics Switzerland for US$3.75 million to form a joint venture for component maintenance, repair and overhaul (MRO), the aircraft maintenance player said in a filing to SGX Wednesday.

Read more: SIA Engineering to buy 75 percent of SR Technics Malaysia for MRO JV

Prime US REIT

Prime US REIT reported Wednesday its second half net property income rose 14.3 percent on-year to US$54.36 million, boosted by the acquisitions of One Town Center and Sorrento Towers in July.

Read more: Prime US REIT reports 2H21 net property income rose 14 percent

OUE Commercial REIT

OUE Commercial REIT reported Wednesday its second half net property income dropped 20.3 percent on-year to S$95.16 million, after the divestment of 50 percent of OUE Bayfront in March 2021.

Read more: OUE Commercial REIT reports 2H21 net property income dropped 20 percent

Kimly

Kimly‘s former Executive Chairman Lim Hee Liat and its former Executive Director Chia Cher Khiang, have been fined by the State Courts over the company’s now-rescinded acquisition of Asian Story Corp., according to a filing to SGX Wednesday.

Read more: Kimly’s former executives Chia and Lim fined over Asian Story case

OxPay Financial and TranSwap

OxPay Financial has tied up with global banking-as-a-service platform TranSwap in a move to expand to the U.K. and to add neobanking to its offerings, the Singapore-listed payments player said in a filing to SGX Wednesday.

Read more: OxPay ties up with TranSwap to add neobanking to platform

Grab, Secura, Ntegrator, Debao Property and others

Singapore company briefs: Grab and Secura Group, Ntegrator International, Debao Property Development, Eagle Hospitality Trust and Roxy-Pacific Holdings.

Read more: SG briefs: Grab, Secura, Ntegrator, Debao Property, Eagle Hospitality Trust, Roxy-Pacific