Singapore companies in focus on Thursday, 21 April 2022:
- Yangzijiang Financial to be added to STI, FTSE indexes
- Mapletree Commercial Trust reports fiscal 2H net property income fell 3 percent
- Suntec REIT: Suntec City Mall rental reversions weak
Others: Ascott Residence Trust, United Hampshire US REIT, Sheng Siong, Keppel Corp., OCBC and Keppel REIT.
- Yangzijiang Financial Holding (YZJFH) will be added to the Straits Times Index and several FTSE indexes after it is spun off from Yangzijiang Shipbuilding (Holdings), the Chinese shipbuilder said in a filing to SGX Wednesday.
- Mapletree Commercial Trust reported Wednesday its fiscal second half net property income fell 3.3 percent on-year to S$198.83 million on lower contributions from the VivoCity, MBC and Anson properties. The results missed forecasts from Daiwa.
- Rent reversion at Suntec City Mall is expected to be weak in 2022 as retailers remain cautious amid rising operating costs and worker shortages, Suntec REIT said Wednesday.
- OCBC plans to pursue growth opportunities arising from Covid-19’s acceleration of economic, social and digital trends on the banking industry, the Singapore bank said Wednesday.
- Ascott Residence Trust (ART) has issued its first sustainability-linked bond, a five-year S$200 million note at 3.63 percent, the hospitality REIT said in a filing to SGX Wednesday.
- Keppel Infrastructure Holdings has entered into a research collaboration agreement with the National University of Singapore (NUS) to boost the company’s low-carbon energy research and development on smart-grid, renewable, clean energy and decarbonization technologies.
- Keppel REIT reported Wednesday its first quarter net property income rose 8.6 percent on-year to S$44.2 million, boosted by the acquisition of the Keppel Bay Tower in Singapore in May 2021.
- United Hampshire US REIT said Wednesday the outlook for its U.S. consumer-focused portfolio has remained resilient despite the Covid-19 pandemic and other economic headwinds.
- Sheng Siong is targeting opening three to five new stores a year over the next three to five years, the grocery store chain said in a filing to SGX with answers to shareholders’ questions before its annual general meeting (AGM).