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
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.
Read more: UOB: Fed hikes’ impact on earnings
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).
Read more: Keppel Infrastructure Trust eyes Europe for acquisitions
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.
Read more: Frasers Hospitality Trust indicates no concrete plan to go 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).
Read more: ESR-LOGOS REIT to eye new markets: ALOG minutes
Hotel Properties
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.
Read more: Hotel Properties tips S$29M gain from joint venture selling UK property
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.
Read more: Parkson Retail Asia auditors cite material uncertainty on going concern
Briefs
Singapore company briefs: Duty Free International, ARA LOGOS Logistics Trust (ALOG), ESR-REIT, Mapletree Logistics Trust, Asiatravel.com and Ezion Holdings. Read more.
Singapore company briefs: TOTM Technologies, Sing Holdings and Yongnam Holdings. Read more.
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