SG stocks Monday: iFAST, Cuscaden Peak, Keppel, Wee Hur, UOB, Isetan

Stock market charts during a live trading session. Photo by Nicholas Cappello on UnsplashStock market charts during a live trading session. Photo by Nicholas Cappello on Unsplash

Singapore companies in focus on Monday, 25 April 2022:

  • Wealth management fintech iFAST posts weak 1Q22 on market turmoil
  • Cuscaden Peak to review SPH’s assets: HPL
  • Keppel: Rig market has ‘picked up significantly’
  • Wee Hur, investors to sell 50 percent stake in Australia student housing portfolio for A$568M

Others: UOB, Dasin Retail Trust, Cromwell European REIT, Parkway Life REIT and Isetan Singapore.

Wealth management fintech iFAST posts weak 1Q22 on market turmoil

  • Wealth-management fintech iFAST Corp. posted a weak first quarter, swinging from a “very positive” first quarter of 2021 as global market conditions turned dreary.

UOB: Southeast Asia may start investing before it starts banking

  • Getting Southeast Asia’s widely unbanked population to sign up for digital banking isn’t that difficult – it’s convincing those customers to stick around that’s challenging. That’s according to Kevin Lam, head of TMRW and group digital banking at Singapore bank UOB.

Cuscaden Peak to review SPH’s assets: HPL

Keppel: Rig market has ‘picked up significantly’

  • Keppel Corp. has seen the rig market pick up “quite significantly,” with the volume of enquiries rising, Chris Ong, CEO of Keppel Offshore & Marine, said in a media briefing on the company’s results.

Wee Hur, investors to sell 50 percent stake in Australia student housing portfolio for A$568M

  • Wee Hur Holdings and other unitholders in the Wee Hur PBSA Master Trust (WHPMT), which holds Australian student accommodation assets, have entered a deal to sell 49.9 percent of the trust for A$567.86 million to an institutional investor, the company said in a filing to SGX Friday.

Cromwell European REIT acquires three logistics properties in Italy, Germany for S$102M

  • Cromwell European REIT has acquired three light industrial/logistics properties, two in Italy and one in Germany — for EUR68.3 million, or around S$105.5 million, the Europe-focused REIT said in a filing to SGX Friday.

Parkway Life REIT posts 1Q22 net property income edged higher

  • Parkway Life REIT reported Friday its first quarter net property income rose 1.9 percent on-year to S$28.55 million, partly on contributions from acquisitions.

Dasin Retail Trust: Proposed divestment would be used to pay off debt, but it’s not a done deal

  • Dasin Retail Trust plans to use the proceeds of its proposed divestment of two malls to repay its outstanding loans, but the sale isn’t a done deal, the REIT said in a filing to SGX Friday with answers to shareholders’ questions before its annual general meeting (AGM).

Isetan Singapore: No plans to exit Singapore retail sector

Briefs

Singapore company briefs: Parkson Retail Asia, First Ship Lease Trust (FSLT), HG Metal Manufacturing and Hotel Properties Ltd. Read more.

Singapore company briefs: Lendlease Global Commercial REIT (LREIT), Yoma Strategic, Keppel Corp. and Keppel REIT, and PRIME US REIT. Read more.

Singapore company briefs: Singapore Post (SingPost), Lippo Malls Indonesia Retail Trust (LMIRT), MoneyMax Financial Services and KTL Global. Read more.