SG stocks Thursday: Yangzijiang Financial, Mapletree Commercial, Suntec REIT, OCBC

Mapletree Commercial Trust's Mapletree Business City property in Singapore. Mapletree North Asia Commercial Trust (MNACT) and Mapletree Commercial Trust agreed in December 2021 to merge to form Mapletree Pan-Asia Commercial Trust. Credit: Mapletree Commercial TrustMapletree Commercial Trust's Mapletree Business City property in Singapore. Mapletree North Asia Commercial Trust (MNACT) and Mapletree Commercial Trust agreed in December 2021 to merge to form Mapletree Pan-Asia Commercial Trust. Credit: Mapletree Commercial Trust

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 to be added to STI, FTSE indexes

Mapletree Commercial Trust reports fiscal 2H net property income fell 3 percent

  • 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.

Suntec REIT: Suntec City Mall rental reversions weak

  • 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: To pursue growth from digital acceleration

  • 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 issues S$200M sustainability-linked bond

  • 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, NUS to collaborate on renewable energy, decarbonization

  • 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 reports 1Q22 net property income rose nearly 9 percent

  • 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: Outlook still positive on ‘sticky’ US consumer demand

  • 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: Targeting new store openings

  • 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). 

Briefs

Singapore company briefs: Raffles Infrastructure, SMI Vantage and TEE International. Read more.