Singapore companies in focus on Thursday, 9 June 2022:
- Southeast Asia offers trillions in green potential: Temasek report
- Yangzijiang Financial sets up share buyback program
- OCBC pricing 10-year USD bonds: Client note
Others: OCBC, ADDX, Ascott Residence Trust, Yangzijiang Financial Holdings (YZJFH), Aspen (Group) and OTS Holdings.
- Yangzijiang Financial Holding (YZJFH) has set up a S$200 million share buyback program after shareholders granted the company a mandate at an extraordinary general meeting (EGM), the investment manager said in a filing to SGX Wednesday.
- OCBC is pricing 10-year U.S. dollar-denominated benchmark tier-two fixed-rate subordinated notes, according to a client note seen by Shenton Wire Wednesday.
- Southeast Asia can offer around US$1 trillion a year in green economic opportunities, according to a report from Bain & Co., Temasek and Microsoft.
- OCBC has internally appointed a group data head to lead the Singaporean bank’s efforts to become a leading data-driven organization in the region.
- Crypto continues to enter the mainstream with private market bourse ADDX becoming the first financial institution in Singapore to count such assets towards qualification as an accredited investor.
- Aspen (Group) is weighing disposing of subsidiary Aspen Glove Sdn. Bhd. (AGSB) as among the options for the business, which hasn’t been able to secure any significant new purchase orders from new or existing customers, the Singapore-listed company said Wednesday.
- OTS Holdings has launched a line of plant-based canned luncheon meats under the brand ANEW, the food manufacturer said in a filing to SGX Wednesday.
- Shares of Yangzijiang Financial Holdings (YZJFH) are a bargain at the current valuations, Lim & Tan Securities said in a note Wednesday.
- Daiwa has downgraded Ascott Residence Trust (ART) to Hold from Outperform, saying upside for the unit price may be limited.
- As the world begins to roll back pandemic restrictions, wallets are opening up — and watches are on consumers’ shopping lists.