SG stocks Friday: NIO, Changi Airport, United Hampshire US REIT, OCBC, Frasers Hospitality

An arrival board at Singapore's Changi Airport. Photo by Benjamin Wong on UnsplashAn arrival board at Singapore's Changi Airport. Photo by Benjamin Wong on Unsplash

Singapore companies in focus on Friday, 10 June 2022:

  • United Hampshire US REIT to acquire Pennsylvania shopping center
  • Singapore launches green sovereign bond framework
  • Nomura Research: Why Inflation May Be the New Normal
  • Smart EV maker NIO reports 1Q22 net loss widened
  • Others: OCBC, Frasers Property and Frasers Hospitality Trust, Frasers Logistics & Commercial Trust (FLCT), Changi Airport Group, SLB Development, Lian Beng and Food Empire Holdings.

Changi Airport Group reports fiscal year net loss narrowed

  • Changi Airport Group reported Thursday its fiscal year net loss narrowed to S$838 million from a S$954 million net loss in the previous year amid losses related to Brazil and Russia.

Smart EV maker NIO reports 1Q22 net loss widened

  • Smart electric vehicle maker NIO reported Thursday its first quarter net loss widened to CNY1.78 billion from a net loss of CNY451 million in the year-ago period.

United Hampshire US REIT to acquire Pennsylvania shopping center

  • United Hampshire US REIT has proposed acquiring a grocery-anchored shopping center, Upland Square Shopping Centre, located in Montgomery, Pennsylvania, for around US$85.7 million, the REIT said in a filing to SGX Thursday.

UPDATE: SG brief: Frasers Property and Frasers Hospitality Trust

OCBC prices US$750M 10-year notes

  • OCBC Bank has priced US$750 million of tier-two subordinated notes with a maturity date in 2032, the Singapore bank said in a filing to SGX Thursday. The announcement confirms a Shenton Wire article.

Singapore launches green sovereign bond framework

  • Singapore has launched a framework for green bond issuance by its public sector, with the first sovereign notes likely within months.

Nomura Research: Why Inflation May Be the New Normal

  • The recent spike in inflation is about more than just Russia’s invasion of Ukraine, according to Nomura Research Institute’s chief economist.

Lian Beng to acquire Singapore industrial property from Food Empire

  • Lian Beng Group has entered a deal to acquire Food Empire Holdings‘ subsidiary, Food Empire Real Estates, which owns an 11-storey industrial property at 31 Harrison Road in Singapore, according to a filing to SGX Thursday.

SLB Development to acquire Singapore, Australia properties

  • SLB Development has entered deals to acquire a Singapore commercial property and an Australian office property, the company said in a filing to SGX Thursday.

Frasers Logistics & Commercial Trust downgraded by Daiwa

SPONSORED: Watches.com entering online watch business just as consumers re-open wallets

  • As the world begins to roll back pandemic restrictions, wallets are opening up — and watches are on consumers’ shopping lists.

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