Singapore companies in focus on Tuesday, 12 April 2022:
- Singapore Banks’ Profitability to Improve: Moody’s
- CapitaLand Investment’s Ascott targets 150 lyf properties by 2030
- Ascendas REIT pricing 7-year green bonds: Client note
- SGX March securities market turnover value dropped 8 percent
Others: Kencana Agri and Oiltek International.
DBS, UOB and OCBC
Moody’s Investors Service forecast steady sailing for Singapore’s banks, with improved profitability and stronger economic growth.
CapitaLand Investment and The Ascott
Ascendas REIT is pricing seven-year senior unsecured fixed-rate green notes denominated in Singapore dollars, according to a client note seen by Shenton Wire Monday.
Singapore Exchange (SGX)
Singapore Exchange (SGX) reported Monday its total securities market turnover for March was S$35.74 billion, down 8 percent on-year, while volume dropped 29 percent on-year to 38.1 billion shares.
Kencana Agri‘s wholly owned subsidiary PT Agro Sawitmas Lestari (ASML) has entered into a non-binding memorandum of understanding (MOU) to dispose of around 2,600 hectares of plantation land to unrelated third parties, the palm-oil plantation company said in a filing to SGX Monday.