Singapore companies in focus on Wednesday, 27 April 2022:
- Mapletree Industrial Trust posts fiscal 4Q net property income rose 35 percent
- CapitaLand China Trust posts 1Q22 net property income rose 30 percent
- ST Engineering pricing five-year and 10-year USD bonds: Client note
Others: DBS, OCBC, UOB, Manulife US REIT, Olam Group, Olam Food Ingredients (OFI), City Developments, Suntec REIT, Sheng Siong Group and Keppel Infrastructure Trust.
- Mapletree Industrial Trust (MINT) reported Tuesday its fiscal fourth quarter net property income rose 35.3 percent on-year to S$124.21 million on contributions from data center acquisitions in the U.S.
- CapitaLand China Trust reported Tuesday its first quarter net property income rose 30.4 percent on-year to CNY344.5 million on full-quarter contributions from the business parks and growth in the logistics parks’ occupancy.
- ST Engineering, via subsidiary ST Engineering Urban Solutions USA, is pricing five-year and 10-year benchmark bond offerings, according to a client note seen by Shenton Wire Tuesday.
- The first quarter results of Singapore’s banks — DBS, UOB and OCBC — appear set to show a tug-of-war between a boost from higher interest rates and a hit from global market turmoil.
- City Developments plans to expand its private rented sector (PRS) portfolio via both converting existing sites and via mergers and acquisitions, the Singapore-listed property developer said Tuesday.
- Olam Group‘s wholly owned Olam Food Ingredients (OFI) has entered a deal to acquire Club Coffee L.P., a Canadian roaster of packaged coffee for “at home” use, for C$150 million, the Singapore-listed company said in a filing to SGX Tuesday.
- Keppel Infrastructure Trust has priced S$250 million notes due 2027 at 4.11 percent, the trust said in a filing to SGX Tuesday. The announcement confirmed a Shenton Wire article.
- Manulife US REIT (MUST) has seen low physical occupancy of its U.S. office properties, with a recovery to only around 34 percent in early April, from an average of around 20 percent for 2021, the REIT said Monday.
- Suntec REIT reported Tuesday its first quarter net property income rose 24.9 percent on-year to S$74.3 million on new contributions from the Minster Building and higher contributions from Suntec City Mall, Suntec Convention and 21 Harris Street.
- Singapore supermarket operator Sheng Siong Group reported Tuesday its first quarter net profit rose 13.9 percent on-year to S$35.2 million on higher same-store sales and new stores.