SG stocks Monday: Yangzijiang, City Developments, IREIT, CapitaLand Investment

Singapore’s port with the monorail to Sentosa island.Singapore’s port with the monorail to Sentosa island.

Singapore companies in focus on Monday, 28 February 2022: 

  • Yangzijiang reports 2021 net profit rose 47 percent
  • City Developments: To distribute nearly 12 percent CDL Hospitality stake shareholders
  • IREIT Global reports 2H21 net property income rose 34 percent

Others: City Developments, CapitaLand Investment, CapitaLand Development, SingPost and others.

Yangzijiang Shipbuilding Holdings

Yangzijiang Shipbuilding (Holdings) reported Sunday its 2021 net profit rose 47 percent on-year to CNY3.70 billion as the hedging policy in dollar-yuan forward contracts provided a currency gain of CNY627 million.

Read more: Yangzijiang reports 2021 net profit rose 47 percent

City Developments

City Developments plans to distribute 144.3 million units of CDL Hospitality Trusts (CDLHT) — an around 11.72 percent stake — to its shareholders as a distribution in specie, the property group said in a filing to SGX Friday. 

Read more: City Developments: To distribute nearly 12 percent CDL Hospitality stake shareholders

City Developments

City Developments reported Friday it swung to a net profit of S$97.7 million in 2021 from a net loss of S$1.92 billion in 2020 as hotel operations returned to profitability in the second half. 

Read more: City Developments reports 2021 swung to net profit

IREIT Global

IREIT Global reported Friday its second half net property income rose 34.4 percent on-year to EUR23.16 million on the consolidation of the Spanish portfolio and the completion of the acquisition of the French portfolio and Parc Cugat.

Read more: IREIT Global reports 2H21 net property income rose 34 percent

CapitaLand Development

CapitaLand Development (CLD) said Friday it signed a memorandum of understanding (MOU) with the People’s Committee of Bac Giang province to explore developing an industrial park, logistics park and township development in Vietnam with a projected investment value of S$1.3 billion, or around VND22.7 trillion. 

Read more: CapitaLand Development: Exploring S$1.3B Vietnam industrial, logistics and township development

CapitaLand Investment

CapitaLand Investment is building out its private equity business, and in part, that means attracting “sticky people.”

Read more: CapitaLand Investment: This is how much our private equity funds are raising

Singapore Post

Singapore Post (SingPost) reported Friday its group operating profit for the fiscal third quarter grew 46 percent on-year to S$38 million, partly on the consolidation of Freight Management Holdings (FMH) after it became a subsidiary at end-November

Read more: Singapore Post reports fiscal 3Q operating profit grew 46 percent

SPH, Singtel, LS 2 Holdings and others

Singapore company briefs: Toyota Financial Services Singapore (TFSSG) and Singapore Press Holdings (SPH), Singtel and Bharti Airtel, City Developments, LS 2 Holdings and TalkMed Group.

Read more: SG briefs: SPH, Singtel, City Developments, LS 2 Holdings, TalkMed

Sembcorp Industries, Keppel Corp. and Chip Eng Seng

Singapore company briefs: Sembcorp Industries, Keppel Corp., Sovico Group and Chip Eng Seng. 

Read more: SG briefs: Sembcorp Industries, Sovico Group, Keppel, Chip Eng Seng

Sabana Industrial REIT and ValueMax Group

Singapore company briefs: Sabana Industrial REIT and ValueMax Group.

Read more: SG briefs: Sabana Industrial REIT, ValueMax Group