UPDATE: Temasek’s bid to boost Keppel stake spurs SembMarine merger speculation
Temasek’s bid to increase its Keppel stake has spurred renewed speculation from analysts that Keppel’s O&M division might be merged with SembMarine.
infrastructure
SembMarine points to Temasek’s partial Keppel bid to explain share surge
SembMarine told SGX Monday it wasn’t aware of any information to explain its share price surge, but pointed at Temasek’s partial bid for Keppel’s shares.
UPDATE: Temasek makes bid to raise Keppel stake to 51 percent in more than S$4B deal
Singapore state-owned investment company Temasek said Monday it is making a bid to increase its stake in Keppel to 51% in a more than S$4 billion deal.
Keppel upgraded to Overweight by KGI
KGI upgraded Keppel Corp. to Overweight, saying weak earnings this year have likely been priced in.
UPDATE: Singapore stocks to watch Monday: OCBC, GIC, AIMS APAC REIT, Ho Bee Land, Keppel, ART, AHT
These are Singapore companies which may be in focus on Monday, 21 October 2019: AIMS APAC REIT and Ho Bee Land.
Keppel reports 3Q19 net profit dropped 30 percent on lower property divestment gains
Keppel Corp. reported Thursday its 3Q19 net profit dropped 30 percent on-year to S$159 million, mainly on year-ago gains from property divestments.
Sunpower lands around 72 million yuan in contracts from Wanhua Chemical
Sunpower said Wednesday it landed a series of manufacturing and services contracts valued at a total CNY71.7M from strategic partner, Wanhua Chemical.
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.
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.
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).
Singapore stocks to watch Wednesday: ComfortDelGro, SBS Transit, F&N, Hi-P, Sembcorp
These are Singapore companies which may be in focus on Wednesday, 9 October 2019: Comfort DelGro, SBS Transit, Hi-P, Fraser & Neave and Sembcorp.
Sembcorp, Energy Market Authority look to develop virtual power plant
Sembcorp Industries and the Energy Market Authority said Tuesday they have provided a grant to NTU to develop Singapore’s first virtual power plant (VPP).
Keppel enters settlement deal with Sete Brasil over six rigs
Keppel entered a settlement deal with six Sete Brasil subsidiaries over six semisubmersible drilling rigs being built for them, Keppel said Monday.
Singapore stocks to watch Friday: Ascendas REIT, Manulife US REIT, Raffles Infrastructure, Addvalue
These are Singapore companies which may be in focus on Friday, 4 October 2019: Ascendas REIT, Manulife US REIT, Raffles Infrastructure and Addvalue.
UPDATE: Singapore stocks to watch Thursday: Lendlease Global REIT, Citic Envirotech, Sunvic, Spackman, Rex
These are Singapore companies which may be in focus on Thursday, 3 October 2019: Lendlease Global Commercial REIT, Sunvic, Citic Envirotech and Spackman.
UPDATE: Singapore stocks to watch Wednesday: Lendlease Global REIT, CapitaLand, Frasers Property, Ezion
These are Singapore companies which may be in focus on Wednesday, 2 October 2019: Lendlease Global Commercial REIT, CapitaLand, Ascendas India Trust and Ezion.
Chip Eng Seng to acquire Sembcorp Industries’ Sembcorp Design for S$50 million
Chip Eng Seng has entered a deal to acquire Sembcorp Design and Construction from Sembcorp Industries for S$49.9 million, the two companies said Wednesday.
UPDATE: Singapore stocks to watch Tuesday: Keppel REIT, ComfortDelGro, BreadTalk, Hyflux, First REIT, GENS
These are Singapore companies which may be in focus on Tuesday, 1 October 2019: BreadTalk, Genting Singapore, Hyflux, First REIT, Sunpower and Spackman.
Sunpower lands 49 million yuan tender from Sinopec
Sunpower said Monday it obtained a tender valued at around 49 million yuan (S$9.48 million) from repeat customer Sinopec Nanjing Engineering & Construction.
UPDATE: Singapore stocks to watch Monday: Keppel, ThaiBev, SATS, CityDev, OUE, Keppel Infrastructure
These are Singapore companies which may be in focus on Monday, 30 September 2019: Keppel, CityDev, Keppel Infrastructure Trust, OUE and Thai Beverage.
Keppel to divest Keppel Logistics (Foshan) and Keppel Logistics (Hong Kong)
Keppel said Friday it entered deals to sell its stakes in Keppel Logistics (Foshan) and Keppel Logistics (Hong Kong) to Sinoway Shipping for S$39 million.
Keppel Land China to acquire Shanghai commercial property for around S$96 million
Keppel said Friday it entered a deal to acquire Zhangjiang Micro-electronic Port Block #3, a commercial property in Shanghai for CNY493M.
UPDATE: Singapore stocks to watch Thursday: Lendlease Global REIT, F&N, ThaiBev, KIT, GuocoLand, Wilmar
These are Singapore companies which may be in focus on Thursday, 26 September 2019: Lendlease Global Commercial REIT, F&N, Thai Beverage and GuocoLand.
Basslink interconnector to return to service earlier than expected
Basslink’s interconnector is expected to return to service two weeks ahead of expectations, the company, which is part of Keppel Infrastructure Trust’s portfolio, said Wednesday.
UPDATE: Singapore stocks to watch Wednesday: ThaiBev, Keppel, Sembcorp, Perennial, Cromwell REIT
These are Singapore companies which may be in focus on Wednesday, 25 September 2019: Thai Beverage, Keppel, Sembcorp Industries and Jardine C&C.
Keppel prices issue of S$200 million notes due 2026
Keppel priced the issue of S$200 million notes due 2026 at 3.00 percent a year, the company said in a filing to SGX Tuesday.
Sembcorp enters JV with Becamex and VSIP for sustainable energy services in Vietnam
Sembcorp said Tuesday it entered a joint venture deal with Becamex and VSIP to introduce sustainable smart energy services to Vietnam.
Keppel Land China to acquire 30 percent of Westmin Plaza development
Keppel Land China entered a deal to acquire a 30% stake in office and retail development Westmin Plaza, for around HK$141.4 million, Keppel said Tuesday.
UPDATE: Singapore stocks to watch Friday: UOB, MUST, palm oil players, Sunpower, TEE Intl, Fortune REIT
These are Singapore companies which may be in focus on Friday, 20 September 2019: UOB, MUST, Sunpower, Fortune REIT, POSH and TEE International.
Sunpower: Indonesia power project achieves grid connection for all units
The Indonesia Jinchuan WP & RKA Lateritic-Nickel-Ore Project power plant achieved grid connection, Sunpower said Thursday.
UPDATE: Singapore stocks to watch Wednesday: ST Engineering, Mapletree Logistics, CDG, StarHub, TEE
These are Singapore companies and other news which may be in focus on Wednesday, 18 September 2019: ST Engineering, MLT, ComfortDelGro and StarHub.
Citic Envirotech in deal with KBM to build desalination project
Citic Envirotech has entered a construction and cooperation deal with KBM for a desalination plant in Kazakhstan, the company said Monday.
TEE International: Controlling shareholder to sell 23 percent stake
TEE International said Monday its controlling shareholder, Phua Chian Kin, has informed the company he entered a binding term sheet to sell an around 23% stake.
UPDATE: Singapore stocks to watch Monday: Keppel DC REIT, HKEx, CityDev, Ascendas H-Trust, TEE Intl
These are Singapore companies and other developments which may be in focus on Monday, 16 September 2019: HKEx, CityDev and Ascendas Hospitality Trust.
Keppel DC REIT plans to raise around S$474 million in equity fundraising
Keppel DC REIT said Monday plans to raise around S$473.8 million via an equity fundraising to finance the proposed acquisitions of two data centers.
UPDATE: Keppel DC REIT to acquire two Singapore data centers for around S$585 million
Keppel DC REIT entered deals to acquire two data centers in Singapore for a total of around S$585.1 million, the companies said in filings to SGX Monday.
TEE International: CEO received offer to buy his shares; brokerages force-sell some shares
TEE International said Friday its CEO and managing director, Phua Chian Kin, has informed the company he received offers to buy the shares he holds.
TEE International appoints investigator to probe unauthorized remittances
TEE International said Friday it appointed PricewaterhouseCoopers Risk Services as its external investigator to probe unauthorized remittances.
UPDATE: Singapore stocks to watch Friday: CityDev, GuocoLand, Cromwell European REIT, CapitaLand, Sakae, SGX
Singapore companies which may be in focus on Friday, 12 September 2019: GuocoLand, Cromwell European REIT, CapitaLand, TEE International, SGX and Sakae.
Sembcorp enters long-term solar deal for UBS’s Singapore offices
Sembcorp entered a deal to provide locally-sourced renewable power for UBS’s Singapore offices over the next 10 years, the two companies said Thursday.