Singapore companies which may be in focus Friday, 30 July 2021: SIA, Sheng Siong, Starhill Global REIT, Dairy Farm, Mandarin Oriental and Raffles Education.
Articles by Leslie Shaffer
Sheng Siong said Thursday its 1H21 net property slipped 12.1% on-year to S$66.1M as year-ago lockdowns created a high base of comparison.
These are entities which announced debt listing confirmations on SGX on Thursday, 29 July 2021: The Export-Import Bank of Korea.
These are Singapore companies which announced share buybacks on Thursday, 29 July 2021: Global Palm Resources Holdings.
Starhill Global REIT said Thursday its fiscal 2H net property income rose 20.2% on-year to S$69.8M, mainly on lower rental assistance for tenants.
Hongkong Land reported Thursday its 1H21 underlying profit increased 12% on-year to US$394M on higher profit from development properties.
Singapore companies which may be in focus on Thursday, 28 July 2021: Ascendas India Trust, KIT, Suntec REIT, Stamford Land and Creative.
CLCT said Thursday its 1H21 net property income rose 84.4% YoY to S$120.34M mainly on the new contribution from the business park portfolio.
Keppel plans to sell residential property developer Chengdu Shengshi to Chinese property developer China Vanke for around S$324M.
ESR-REIT priced S$125 million in unsecured fixed rate notes due 2026 at 2.60 percent after the offering was more than 2.2 times subscribed.
KORE’s private placement to raise around US$65M was more than two times subscribed, with strong demand from new and existing unitholders.
Entities which announced SGX debt listing confirmations on Wednesday, 28 July 2021: Republic of Indonesia, Vertex Venture and Nonghyup Bank.
These are Singapore companies which announced share buybacks on Wednesday, 28 July 2021: The Hour Glass.
Keppel Infrastructure Trust swung to a first half loss of S$2.95M after a S$17M impairment on water treatment player Ixom’s assets.
Ascendas India Trust said Wednesday its 1H21 net property income rose 5%, mainly on completing the Endeavour building and acquiring aVance 6.
DBS started Far East Orchard at Buy, with a S$1.70 target price, citing “deep value and compelling reasons to trade higher.”
Daiwa downgraded Ascott Residence Trust to Outperform from Buy after first half results missed forecasts on a slower-than-expected recovery.
Singapore companies which may be in focus on Wednesday, 27 July 2021: Keppel, Parkway Life REIT, Mapletree Industrial Trust and Oxley.
CapitaLand Integrated Commercial Trust (CICT) said Wednesday 1H21 net property income was S$472.16M. The results missed Daiwa’s forecasts.
KORE has launched a private placement of up to 90.28M new units at US$0.72 to US$0.743 to raise US$65M to fund two proposed acquisitions.