SG stocks Tuesday: Grab, SGX, OCBC, No Signboard, Keppel, Cromwell European REIT

A Grab motorcycle rider picking up a passenger. Photo by Afif Kusuma on UnsplashA Grab motorcycle rider picking up a passenger. Photo by Afif Kusuma on Unsplash

Singapore companies in focus on Tuesday, 15 March 2022:

  • Grab: Why Our NPLs Are Low
  • SGX and OCBC launch low-carbon index of Singapore companies
  • No Signboard to put Danish Breweries into voluntary liquidation

Others: Keppel Corp., Cromwell European REIT, Silverlake Axis, Trek 2000 International and Terrenus Energy.

Grab

Southeast Asian superapp Grab’s financial services have one of the lowest non-performing loan (NPL) rates in Southeast Asia, largely by design, its Chief Financial Officer Peter Oey said last week.

Read more: Grab: Why Our NPLs Are Low

Singapore Exchange (SGX) and OCBC

Singapore Exchange (SGX) and OCBC have launched the iEdge-OCBC Singapore Low Carbon Select 50 Capped Index to track the top 50 Singapore companies based on carbon intensity performance, the two companies said in an exchange filing Monday. 

Read more: SGX and OCBC launch low-carbon index of Singapore companies

No Signboard and Danish Breweries

No Signboard Holdings will place its indirect wholly owned subsidiary Danish Breweries into creditors voluntary liquidation (CVL) as it can’t continue business due to its liabilities, the troubled iconic Singapore chilli crab restauranteur said in a filing to SGX Monday. 

Read more: No Signboard to put Danish Breweries into voluntary liquidation

Keppel Corp. 

Keppel Corp.’s wholly owned subsidiary Keppel Land is divesting all of Flemmington Investments, which holds a 42 percent stake in a project company with the rights to develop a 30-hectare site in Ho Chi Minh City, Vietnam, the company said in a filing to SGX Monday.

Read more: Keppel divesting stake in Vietnam property project

Cromwell European REIT

Cromwell European REIT said Monday that of its 50 tenant-customers in Poland, it has identified eight with some business exposure to Russia, with most still assessing the impact, if any, on their business. 

Read more: Cromwell European REIT provides update on portfolio impact of Russia’s invasion of Ukraine

Silverlake Axis

Silverlake Axis said Monday it would buy back up to 242.42 million shares, or around 9.06 percent of its total issued shares, at S$0.33 each in an off-market equal access program. 

Read more: Silverlake Axis to buy back up to 242.42 million shares off-market

Trek 2000 International

Trek 2000 International acquired an additional 8.5 percent stake in renewable energy service provider Terrenus Energy at US$1, boosting its holding to 16 percent, the company said in a filing to SGX Monday. 

Read more: Trek 2000 boosts stake in Terrenus Energy to 16 percent for US$1

SG briefs

Singapore company briefs: Sea Ltd., ESR-REIT, The Trendlines Group, Singapore Post (SingPost), Freight Management Holdings and Don Agro International.

Read more: SG briefs: Sea Ltd, ESR-REIT, Trendlines, SingPost, Don Agro Intl

Singapore company briefs: OxPay Financial, TripleA, VCPlus, Keppel REIT, Dragon Group International, ASTI Holdings and China Kunda Technology Holdings.

Read more: SG briefs: OxPay Financial, TripleA, VCPlus, Keppel REIT, Dragon Group, ASTI, China Kunda Tech

Singapore company briefs: Keppel REIT, ESR-REIT, Ntegrator International, Renaissance United and V2Y Corp.

Read more: SG briefs: Keppel REIT, ESR-REIT, Ntegrator, Renaissance United, V2Y Corp

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