SG stocks Tuesday: Banks, CapitaLand Investment’s Ascott, Ascendas REIT, SGX, Oiltek

DBS signage at the DBS Marina Regatta dragon boat race on 2 June 2019.DBS signage at the DBS Marina Regatta dragon boat race on 2 June 2019.

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.

Read more: Singapore Banks’ Profitability to Improve: Moody’s

CapitaLand Investment and The Ascott

CapitaLand Investment‘s wholly owned lodging unit The Ascott is targeting signing its lyf co-living brand with 150 properties with more than 30,000 units, Ascott said in a filing to SGX Monday. 

Read more: CapitaLand Investment’s Ascott targets 150 lyf properties by 2030

Ascendas REIT

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. 

Read more: Ascendas REIT pricing 7-year green bonds: Client note

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. 

Read more: SGX March securities market turnover value dropped 8 percent

Oiltek International 

Oiltek International reported Monday its second half profit after tax fell 25.1 percent on-year to MYR5.36 million, mainly on expenses for its listing on SGX’s Catalist board

Read more: Oiltek reports 2H21 profit after tax fell 25 percent

Kencana Agri

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. 

Read more: Kencana Agri enters deal to sell plantation land for development

Briefs

Singapore company briefs: Mermaid Maritime PCL, Singapore Press Holdings (SPH) and Nutryfarm International. Read more.

Singapore company briefs: Biolidics, Clearbridge Health, Net Pacific Financial Holdings and Mercurius Capital Investment. Read more.

Singapore substantial shareholder changes: AEM Holdings, Temasek Holdings, Tung Lok Restaurants and QT Vascular. Read more.