SG stocks Wednesday: Mapletree Industrial, CapitaLand China Trust, ST Engineering, banks, Olam

CapitaLand China Trust's 51 percent-owned Rock Square mall, located in Guangzhou in China. Credit: CapitaLand China TrustCapitaLand China Trust's Rock Square mall, located in Guangzhou in China. Credit: CapitaLand China Trust

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 posts fiscal 4Q net property income rose 35 percent

  • 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 posts 1Q22 net property income rose 30 percent

  • 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 pricing five-year and 10-year USD bonds: Client note

  • 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.

Singapore banks’ 1Q likely hit by market drop

  • The first quarter results of Singapore’s banks —  DBSUOB 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: Targeting private rented sector expansion

  • 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’s OFI to acquire Canada’s Club Coffee

  • 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 prices S$250M notes due 2027

Manulife US REIT: Physical occupancy of office properties remains low

  • 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 posts 1Q22 net property income rose 25 percent

  • 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.

Sheng Siong posts 1Q22 net profit rose 14 percent

  • 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.

Briefs

Singapore company briefs: Asian Pay Television Trust (APTT), Ascendas REIT, APAC Realty and Keppel Corp. Read more.