UPDATE: Singapore stocks to watch Wednesday: Mapletree Commercial, GIC, SPH, SIA, Keppel DC REIT, KORE
These are companies which may be in focus in Singapore on Wednesday, 16 October 2019: GIC, SPH, Keppel DC REIT, Singapore Airlines, KORE and SGX.
Stocks
Keppel’s Alpha Investment ties up with Allianz to acquire Beijing office project stake for S$1.3B
Alpha Investment, via its funds, tied up with Allianz to buy 85% of Beijing office complex Ronsin Technology Center for about S$1.3B, Keppel said Wednesday.
UPDATE: Mapletree Commercial Trust launches equity fund raising to raise at least S$902 million
Mapletree Commercial Trust plans to offer 406.48 million new units to raise at least S$902.3 million, the trust said in a filing to SGX Wednesday.
Singapore share buybacks Tuesday: HRnetGroup, Starburst, Global Investments, Cheung Woh
These are Singapore companies which announced share buybacks on Tuesday, 15 October 2019: HRnetGroup, Starburst, Global Investments and Cheung Woh.
Singapore Airlines carries nearly 9 percent more passengers in September
The number of passengers on Singapore Airlines climbed 8.6 percent on-year in September to 3.12M as capacity grew by 7.1 percent, the carrier said Tuesday.
SGX RegCo enters deal with SISV to boost standards for property valuations
SGX RegCo has entered a deal with Singapore Institute of Surveyors and Valuers to improve standards for valuations of real estate, the parties said Tuesday.
SPH ties up with Bridge C Capital to create Japan aged-care fund
SPH tied up with Bridge C Capital to set up a fund to invest in Japanese healthcare assets, the media and property company said Tuesday.
Keppel Pacific Oak US REIT posts 3Q19 net property income jumped 36 percent
KORE reported Tuesday its 3Q19 net property income rose 36.2 percent on-year to US$18.5 million, beating its IPO forecast by 31.6 percent.
Keppel DC REIT 3Q19 net property income fell nearly 2 percent
Keppel DC REIT reported Tuesday its 3Q19 net property income fell 1.8% on-year to S$42.27M as a stronger Singapore dollar weighed overseas contributions.
Mapletree Commercial Trust fiscal 2Q net property income rises nearly 2 percent
Mapletree Commercial Trust reported Tuesday its fiscal 2Q net property income rose 1.7% on-year to S$87.72 million on higher contributions from VivoCity.
GIC, KKR to invest US$680 million in Metro Pacific Hospitals via shares and bonds
Singapore state-owned investment company GIC and KKR have entered a deal to invest as much as US$680M in Metro Pacific Hospitals, the parties said Tuesday.
UPDATE: Singapore stocks to watch Tuesday: OUE, KIT, Chip Eng Seng, Lian Beng, No Signboard, TEE Land
These are Singapore companies which may be in focus on Tuesday, 14 October 2019: OUE, Keppel Infrastructure, Chip Eng Seng, Lian Beng and No Signboard.
Manulife US REIT preferential offering meets solid demand
MUST said Tuesday its preferential offering was oversubscribed, attracting acceptances and excess applications for 147% of the 72.86M new units offered.
Singapore share buybacks Monday: HRnetGroup, GRP, Cheung Woh Tech
These are Singapore companies which announced share buybacks on Monday, 14 October 2019: HRnetGroup, GRP Ltd., and Cheung Woh Technologies.
OUE sets succession plan, with Riady to become CEO
OUE set its succession plan, with Executive Chairman Stephen Riady to also take on the role of CEO at the start of 2020, the property developer said Monday.
TEE Land reports fiscal 1Q net loss narrowed
TEE Land reported Monday its fiscal first quarter net loss narrowed to S$1.69 million from S$3.08 million in the year-ago quarter, on a higher gross margin.
Pine Capital subsidiary starts legal proceedings against two former directors
Pine Capital said Monday its subsidiary, ACPAM, has started legal proceedings against two of its former directors, Wang Meng and Pan Ki Ro.
Chip Eng Seng rights issue meets thin demand
Chip Eng Seng said Monday its rights issue of 156.50 million shares had a total takeup of 53.15 percent, signaling weak demand.
Lian Beng reports fiscal 1Q net profit rose 21 percent
Lian Beng Group reported Monday its fiscal 1Q net profit increased 21.3% on-year to S$7.4M, mainly on a higher contribution from the construction segment.
Keppel Infrastructure Trust swings to 3Q19 net profit
Keppel Infrastructure Trust reported Monday it swung to a 3Q19 net profit after tax of S$3.74M, from a year ago loss, mainly on contributions from Ixom.
No Signboard opens first overseas outlet in Shanghai
Iconic Singapore chili crab restaurateur No Signboard said Monday it opened its first overseas seafood outlet in Shanghai, bringing its total to four.
Y Ventures: Not aware of reason for share price drop
In response to a query from SGX, Y Ventures said Monday it wasn’t aware of any information not previously announced to explain its shares’ sharp price drop.
Chip Eng Seng enters JV to acquire Maldives lagoon for resort project
Chip Eng Seng has entered a joint venture to acquire a leasehold interest in a lagoon in the Maldives, the Singapore company said in a filing to SGX Monday.
Yahoo: These are our content initiatives for Asia
Reta Lee, editor-in-chief for Yahoo Lifestyle and Entertainment in Southeast Asia, recently provided an outline of the tech and media company’s strategies.
UPDATE: Singapore stocks to watch Monday: UOB, Lendlease Global REIT, Temasek, Keppel, CityDev, ST Eng
These are companies which may be in focus in Singapore on Monday, 14 October 2019: UOB, Lendlease Global Commercial REIT, Temasek, Keppel and Synagie.
Yoma to enter JV with AC Energy for Myanmar renewable energy projects
Yoma Strategic has entered a tie-up with AC Energy to develop renewable energy projects in Myanmar via Yoma Micro Power (S), the two companies Monday.
MeGroup: Honda dealership gets 4S approval, new Hyundai dealership opens
Malaysia auto dealership operator MeGroup said Monday its Honda dealership in Cheras obtained 4S approval, while its first Hyundai dealership has opened.
Singapore share buybacks Friday: Duty Free International, Healthway Medical, Cheung Woh
These are Singapore companies which announced share buybacks on Friday, 11 October 2019: Duty Free International, Healthway Medical and CDW Holding.
UOB enters Vietnam joint venture with VIG to develop loyalty-program services
UOB said Friday it entered a JV with VI Fund III, or VIG, to set up a subsidiary in Vietnam to develop digital loyalty program services for companies.
Keppel Philippines Properties enters deal to sell Buena Homes (Sandoval) stake
Keppel Philippines Properties said Friday it sold its stake in Buena Homes (Sandoval), or BHSI, to Jetson Realty & Dev. Corp. (JRDC).
ING sets first sustainability-improvement financing for Singapore private-equity fund
ING has set sustainability-linked financing for Singapore-based private equity fund Quadria Capital Fund II, the Dutch investment bank said Friday.
SGX September commodity derivatives trade rises amid trade war concerns
SGX reported Friday its September commodities derivatives volume climbed as price volatility in physical markets spurred demand for risk-management tools.
Singapore stocks to watch Friday: Dyson, CapitaLand, SPH REIT, ESR-REIT, Accordia Golf, Q&M
These are Singapore companies which may be in focus on Friday, 11 October 2019: Dyson, CapitaLand, SPH REIT, ESR-REIT, Accordia Golf Trust and Q&M Dental.
Singapore share buybacks Thursday: Yangzijiang, Food Empire, GRP, Straco
These are Singapore companies which announced share buybacks on Thursday, 10 October 2019: Yangzijiang Shipbuilding, Food Empire, GRP Ltd. and Straco Corp.
Q&M to sell part of its Aidite (Qinhuangdao) Technology stake for S$49 million
Q&M Dental has entered a deal to sell part of its 36 percent stake in Aidite (Qinhuangdao) for S$49 million, the dental chain operator said Thursday.
UPDATE: Dyson ditches designs on electric car market
Vacuum cleaner maker Dyson has ditched its plans to enter the highly competitive electric car market, according to media reports Thursday.
CapitaLand prices S$500 million fixed-rate perpetual notes
CapitaLand priced S$500 million fixed-rate perpetual notes at 3.65 percent, with the issue date set for 17 October, the property developer said Thursday.
ESR-REIT preferential offering sees strong demand on excess applications
ESR-REIT’s preferential offering received lukewarm interest for acceptances, but stronger demand for excess applications, causing it to be over-subscirbed.
SPH REIT reports fiscal 4Q net property income rose 12 percent on acquisitions
SPH REIT reported Thursday its fiscal 4Q net property income rose 11.8 percent on-year to S$45.81M, mainly on contributions from new acquisitions.
Accordia Golf Trust September player numbers rise 12 percent on-year
Accordia Golf Trust reported Thursday the number of players on its 88 golf courses in September rose 12.2 percent on-year to 521,068.