SG stocks Thursday: Sembcorp Industries, Keppel, iWOW, Far East Orchard, Yongnam

Solar panels. Photo by CHUTTERSNAP on UnsplashSolar panels. Photo by CHUTTERSNAP on Unsplash

Singapore companies in focus on Thursday, 14 April 2022:

  • Sembcorp Industries to issue S$300M in sustainability-linked notes
  • Keppel to terminate contracts on rigs after customers failed to pay
  • TraceTogether token maker iWOW Technology IPO meets solid demand

Others: Economic outlook, Monetary Authority of Singapore, Yongnam Holdings, Far East Orchard, Ntegrator International and Arion Entertainment Singapore. 

Sembcorp Industries

Sembcorp Industries has priced S$300 million of sustainability-linked notes due 2029 at 3.735 percent, the infrastructure and energy company said in a filing to SGX Wednesday. 

Read more: Sembcorp Industries to issue S$300M in sustainability-linked notes

Keppel Corp. 

Keppel FELS has issued notices of termination for two contracts to build jackup rigs as the clients failed to take delivery or pay outstanding installments, Keppel Corp. said in a filing to SGX Wednesday. 

Read more: Keppel to terminate contracts on rigs after customers failed to pay

Singapore central bank

The big question for the Monetary Authority of Singapore this week appears to be not whether it will tighten, but by how much.

Read more: Singapore central bank poised to tighten policy

Bearish outlook

Global fund managers are more bearish on the economic outlook than even during the Global Financial Crisis nadir, according to the Bank of America (BofA) April survey published Tuesday. 

Read more: Fund managers more bearish than during the Global Financial Crisis: BofA April survey

iWOW Technology

The initial public offering (IPO) of TraceTogether token maker iWOW Technology met with solid demand, with the offering of 26 million new shares coming in around 3.0 times subscribed, the company said in a filing to SGX Wednesday. 

Read more: TraceTogether token maker iWOW Technology IPO meets solid demand

Yongnam Holdings

Yongnam Holdings‘ auditors pointed to the company’s losses as indicating a material uncertainty over the group’s ability to continue as a going concern, according to a filing to SGX Wednesday. 

Read more: Yongnam auditors cite material uncertainty on going concern

Far East Orchard

Despite the easing of Covid-related restrictions globally, hospitality player Far East Orchard said Wednesday it expected 2022’s operating performance would remain under pressure.

Read more: Far East Orchard: 2022 hospitality performance to remain under pressure

Ntegrator International and Arion Entertainment Singapore

Ntegrator International has entered a deal to acquire 27.44 percent of Arion Entertainment Singapore from three shareholders for S$3.0 million, the regional communications network company said in a filing to SGX Wednesday. 

Read more: Ntegrator to acquire around 27 percent of Arion for S$3M

Briefs

Singapore company briefs: Hatten Land, Ausgroup, Gallant Venture and Nam Cheong. Read more

Click here to follow more financial news on Shenton Wire.