Singapore companies in focus on Monday, 11 April 2022:
- UOB: Fed hikes’ impact on earnings
- Keppel Infrastructure Trust eyes Europe for acquisitions
- Frasers Hospitality Trust indicates no concrete plan to go private
Others: Hotel Properties, ESR-LOGOS REIT (E-LOG), ARA LOGOS REIT (ALOG), ESR-REIT and Parkson Retail Asia.
UOB said Saturday the bank is “well-positioned” to benefit from interest-rate increases in the U.S., with around 70 percent of its portfolio set to floating rates.
Keppel Infrastructure Trust
Keppel Infrastructure Trust is looking to enter new markets, including Europe, and new sectors, Jopy Chiang, CEO of the REIT’s manager, said in a question and answer session with the Securities Investors Association (Singapore) (SIAS).
Frasers Hospitality Trust
Frasers Hospitality Trust indicated Friday it had no concrete plans to pursue a “strategic option,” likely referring to taking a media report that the REIT may be taken private.
ESR-LOGOS REIT (E-LOG), ARA LOGOS REIT (ALOG) and ESR-REIT
ESR-LOGOS REIT, or E-LOG, is set to look at acquisitions in countries outside its current markets of Singapore and Australia after ARA LOGOS REIT (ALOG) and ESR-REIT complete their merger, according to minutes from ALOG’s extraordinary general meeting (EGM).
Hotel Properties, via its indirectly held 80 percent-owned joint venture, HPL Olympia, has entered a deal to sell its holding in a London hotel and the property manager, with an expected gain of around S$29 million, the hospitality company said in a filing to SGX Saturday.
Parkson Retail Asia
Parkson Retail Asia‘s independent auditors have cited a material uncertainty on whether the department store operator can continue as a going concern, according to a filing to SGX Friday.