Singapore stock watch: SIA, SGX, Sabana Reit, Yanlord, ARA H-Trust, AEM
SINGAPORE (THE BUSINESS TIMES) - The following companies saw new developments that may affect trading of their securities on Wednesday (Aug 5):. Read more at straitstimes.com.
Singapore Airlines (SIA): The flag carrier will likely see a delay in the launch of its new First and Business Class seats, which were poised to debut on the Boeing 777-9 in 2022. SIA is also in talks with the world's biggest planemakers Airbus and Boeing to postpone taking delivery of new aircraft as it seeks to defer capital expenditure. SIA shares gained $0.06 or 1.8 per cent to close at $3.37 on Tuesday.
Singapore Exchange (SGX): The bourse operator will launch two international real estate investment trust (Reit) futures, based on indices tracking Reits listed in Singapore, Hong Kong, Malaysia and Thailand. These products will be Asia's first international Reit futures. Shares of SGX closed at $8.73 on Tuesday, up $0.22 or 2.6 per cent, before the announcement.
Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit), ESR-Reit: Responding to criticism from activist fund Quarz Capital Management over the implied offer price for the proposed merger with ESR-Reit, Sabana Reit's manager on Wednesday emphasised that the deal was not an asset sale, and will allow Sabana Reit unitholders to stay invested in a"stronger, larger and more resilient enlarged Reit". Sabana Reit units ended Tuesday at 38 cents, down 0.5 cent or 1.3 per cent, while ESR-Reit closed flat at 38.5 cents. headtopics.com
Yanlord Land Group: The real estate developer's wholly-owned subsidiary and a GIC affiliate have inked an investment agreement of up to seven billion yuan ($1.4 billion) to co-invest in China residential projects. Shares of Yanlord closed at $1.22 on Tuesday, up $0.01 or 0.8 per cent, before the announcement.
ARA US Hospitality Trust (ARA H-Trust): The stapled hospitality group on Wednesday posted a net property loss of US$2 million and no distributable income for the half year ended June 30, 2020 as its earnings took a hit amid the Covid-19 pandemic. ARA H-Trust stapled securities closed at US$0.38 on Tuesday, up US$0.01 or 2.7 per cent.
First Ship Lease Trust: With a weaker showing in its top line, the trust saw net profit decline by 34.7 per cent to US$1.33 million for the second quarter of this year, dragged by an 11 per cent drop in revenue and a US$3.27 million impairment. Before the results were released, the counter finished Tuesday at 8.2 cents, up 0.1 cent or 1.2 per cent.
OUE Limited: The property developer on Tuesday night reported a $207.2 million net loss for the first half of this year, plunging the mainboard-listed company into the red from a $61.9 million net profit a year ago. OUE shares advanced $0.04 or 3.4 per cent to $1.21 at Tuesday's close. headtopics.com
AEM Holdings: Shares in the semiconductor play climbed to a record high a day after reporting a 147.9 per cent increase in its first-half earnings. The mainboard-listed stock hit an intra-day high of $4.23, before easing to $4.19 by Tuesday's closing bell, gaining $0.53 or 14.5 per cent.
Challenger Technologies: The mainboard-listed consumer electronics retailer's first-half revenue fell 27 per cent, as contributions from the IT products and services business segment tumbled 27 per cent due to the lack of trade shows and weaker retail sales amid the coronavirus pandemic. Challenger shares moved up by 0.5 cent or 1.1 per cent to end at 46.5 cents on Tuesday, before the results were released.
Teckwah Industrial Corporation: In response to calls from activist fund Quarz Capital Management to raise dividend payouts, printing and logistics firm Teckwah has stressed the need for a sound cash management policy, the mainboard-listed firm said in a filing after market close. The counter was up 1.5 cents or 2.8 per cent to end trading at 55.5 cents.Read more: The Straits Times »
S'pore-HK air travel bubble starts May 26, 2 daily flights capped at 200 passengers each for first 2 weeks
Stocks to watch: Singapore Airlines, SGX, Sabana Reit, Yanlord, ARA H-TrustTHE following companies saw new developments that may affect trading of their securities on Wednesday: Read more at The Business Times.
Singapore stock watch: CapitaLand, Keppel, SGX, Frasers Logistics & Commercial Trust, AEMSINGAPORE (THE BUSINESS TIMES) - The following companies saw new developments that may affect trading of their securities on Tuesday (Aug 4):. Read more at straitstimes.com.
Singapore stock watch: Keppel, SGX, SIA, DBS, OCBC, UOBSINGAPORE (THE BUSINESS TIMES) - The following companies saw new developments that may affect trading of their securities on Monday (Aug 3):. Read more at straitstimes.com.
Stocks to watch: CapitaLand, Keppel, SGX, Frasers Logistics & Commercial TrustTHE following companies saw new developments that may affect trading of their securities on Tuesday: Read more at The Business Times.
ARA H-Trust posts US$2m H1 net property loss amid Covid-19 pandemicARA US Hospitality Trust (ARA H-Trust) on Wednesday posted a net property loss of US$2 million and no distributable income for the half year ended June 30, 2020 as earnings took a hit due to the impact of the Covid-19 pandemic. Read more at The Business Times.
Sabana Reit clarifies proposed merger with ESR-Reit not an asset saleTHE proposed merger of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) with ESR-Reit is not an asset sale, but a merger by way of a trust scheme of arrangement that will allow unitholders to stay invested in a 'stronger, larger and more resilient enlarged Reit (real estate investment trust)', Sabana Reit's manager clarified in a bourse filing on Wednesday. Read more at The Business Times.