Singapore companies which may be in focus on Friday, 6 Dec. 2019: Mapletree Logistics, Golden Agri, Singtel, Keppel and Lendlease Global Commercial REIT.
Oil & Gas
Keppel Infrastructure is investing 53.02 million euros for a 20 percent stake in European energy company MET Holding, Keppel and MET said Thursday.
In the U.S., the energy and healthcare sectors have underperformed and offer more investor value, Daniel Rohr, head of global equity research at Morningstar, said Friday.
These are Singapore companies which may be in focus on Thursday, 28 November 2019: SGX, F&N, MoneyMax, Venture, SPH REIT and Hiap Seng.
Hiap Seng Engineering reported Wednesday its fiscal 2Q net loss narrowed to S$8.51M from a loss of S$22.30M in the year-ago period on lower operating costs.
Singapore stocks which may be in focus on Tuesday, 25 November 2019: SGX, Frasers Hospitality Trust, ThaiBev, SIIC Environment, Pine Capital and MindChamps.
These are Singapore companies which may be in focus on Monday, 25 November 2019: Thai Beverage, UOL, Keppel, Yanlord, Ezion and Sabana REIT.
Ezion said Friday it entered deals to dispose of its 50% interest in Strategic Offshore and its 30% stake in associate Rotating Offshore Solutions.
These are Singapore companies which may be in focus on Friday, 22 November 2019: Mapletree Logistics Trust, OCBC, SGX, Halcyon Agri, ST Engineering and UOB.
These are Singapore companies which may be in focus on Friday, 14 November 2019: Singtel, Sembcorp Industries, F&N, Old Chang Kee, CapitaLand and Sunvic.
Ezion said Thursday it entered a deal to divest its 49 percent stake in PT Pelita Bara Samudera to PT Karya Pilar Sukses for US$2.05 million.
Sembcorp Industries reports 3Q19 net profit fell 13% on-year to S$71 million as the energy segment’s contributions fell and the marine unit posted losses.
Keppel Capital entered a deal to acquire 50% of Pierfront Capital Fund Management from Pierfront Capital Mezzanine Fund for US$7.8M, Keppel said Wednesday.
These are Singapore companies which may be in focus on Wednesday, 13 Nov. 2019: SATS, CityDev, Yanlord Land, Sembcorp, Cromwell European REIT and BreadTalk.
SembMarine reported Wednesday its 3Q19 net loss widened to S$52.51M, mainly on additional costs for projects and continued low overall business volume.
Swiber said Tuesday it divested its 23 percent stake in PT Rajawali to the president director of PT Equitoria Offshore Berjaya for US$500,000.
Singapore’s O&M services industry has taken a battering since oil tumbled off peaks over US$100 a barrel oil. But Nordic has managed to thrive.
Nordic Group reported Friday its third quarter net profit fell 12 percent on-year to S$2.93 million on lower revenue and lower margins.
Keppel said it broke ground Friday on its Saigon Sports City project, a 64-hectare site to be developed into a township in Ho Chi Minh City’s district 2.
These are Singapore companies which may be in focus on Thursday, 7 November 2019: Citic Envirotech, CSE Global, Hyflux, First REIT and Lendlease Global REIT.
CSE Global reported Wednesday its 3Q19 net profit rose 17.8% on-year to S$5.72M on improvement in core operations and on the Volta acquisitions.
Quetzal Capital said Monday it made a bid to acquire all of POSH for S$0.215 a share, marking a 97.2% premium over the stock’s closing price on 30 October.
POSH reported Monday its 3Q19 net loss widened to US$40.43M, from US$5.34M in the year-ago period, mainly due to the POSH Terasea joint venture.
Sembcorp Marine said Friday it won a contract from Shell Offshore to build and integrate the topside and hull of a floating production unit (FPU).
These are Singapore companies which may be in focus on Friday, 1 November 2019: Keppel, Yangzijiang, Ascott Residence Trust, AA REIT, Hi-P and Sabana REIT.
Keppel Land said Thursday it invested US$25M in India-based Smartworks Coworking Space, a flexible office-space provider with a presence in nine cities.
These are Singapore companies which may be in focus on Thursday, 31 October 2019: SIA, Hi-P, Keppel REIT, SingPost, Creative Tech, Yanlord and Sheng Siong.
These are Singapore companies which may be in focus on Wednesday, 30 October 2019: SATS, Sembcorp, Ascendas Hospitality, Starhill Global REIT and Ezion.
Norway’s competition authorities rejected the application for Floatel, an associated company of Keppel O&M, to merge with Prosafe, Keppel said Wednesday.
CSE Global said Tuesday it landed two new oil and gas contracts valued at US$74.7 million, or around S$103.7 million.
Ezion said Tuesday it agreed to sell three rigs to TK and HR Services for the nominal sum of US$3.00, and the transfer of US$659,000 in liabilities.
These are Singapore companies which may be in focus on Tuesday, 29 October 2019: Temasek, Stamford Land, Cache Logistics Trust, Wilmar, Creative and HPHT.
EMAS Offshore said Friday its application in the High Court of Singapore to be placed under judicial management has been granted.
POSH said Thursday its joint venture, POSH Terasea (PTPL) would be voluntarily liquidated by creditors after it defaulted on a loan facility.
Temasek’s bid to increase its stake in Keppel Corp. will push the market to focus on multiple restructuring scenarios, UBS said in a note Monday.
Keppel’s shares could be stuck in a S$6.61 to S$7 range while waiting for the pre-conditions for Temasek’s partial offer to be met, CGS-CIMB said Tuesday.
Keppel’s shares surged Tuesday after Temasek launched a S$7.35 a share bid to increase its stake in the property and rig building conglomerate.
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.
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.
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.