Stocks to watch: Singtel, OUE, Keppel DC Reit, SPH Reit, Frasers Hospitality Trust

THE following companies saw new developments that may affect trading of their securities on Monday (Dec 20):

Singtel Z74: The telco is expecting to book net tax exposure, interest and penalties amounting to A$304 million (S$295.9 million), it said in an update on Sunday (Dec 19). This comes after the group's Australian subsidiary lost its appeal of a tax assessment related to the acquisition financing of Singtel Optus in 2001. Shares of Singtel ended S$0.06 or 2.5 per cent lower at S$2.37 on Dec 17, before the dispute's outcome was announced that day.

OUE LJ3 : The mainboard-listed property developer's wholly-owned subsidiary has entered into a sale and purchase agreement to acquire a 17.2 per cent stake in Multipolar, an Indonesian technology investment company for 1.01 trillion rupiah (S$95.6 million), it said in a bourse filing on Monday (Dec 20). The counter last closed S$0.02 or 1.5 per cent lower at S$1.31 on Dec 17.

Keppel DC Reit AJBU: The real estate investment trust (Reit) has issued 613,155 units at an average price of S$2.53 to its manager to pay for development management, divestment and acquisition fees, its manager announced on Friday. As at Dec 17, the manager holds about 7 million units, representing about 0.4 per cent of the total number of 1.72 billion issued units in Keppel DC Reit. Units of the Reit ended Friday flat at S$2.46 before the announcement.

SPH Reit SK6U: Its manager said on Friday that it is taking out a 5-year incremental facility loan of S$50 million to refinance existing loans. This is an amended and restated facility agreement in relation to a term loan facility of S$975 million secured by DBS Trustee in 2013. Units of SPH Reit ended Friday at S$0.975, up S$0.005 or 0.5 per cent before the announcement.

Frasers Hospitality Trust (FHT) ACV: The trustee of Frasers Hospitality Real Estate Investment Trust (FH Reit) has entered into a facility agreement with OCBC for a S$70 million revolving credit facility, the Reit manager said on Friday. This is in addition to an existing S$50 million revolving credit facility. Stapled securities of FHT closed flat at S$0.465 on Friday before the announcement.

Chip Eng Seng C29: The property player announced on Friday that its wholly-owned subsidiary CES Capital has entered into an agreement to sell its property at 69 Ubi Crescent for S$28 million. While the property at Ubi Crescent has been generating a stable stream of recurring rental income, it does not contribute significantly to the group's revenue and profitability on the whole, said Chip Eng Seng in a bourse filing. Shares of the counter ended Friday at S$0.41, down S$0.005 or 1.2 per cent, before the announcement.

OUE Lippo Healthcare (OUELH) 5WA: The Catalist-listed healthcare group announced on Friday that it has reached a "full and final" settlement agreement with funds owned by Crest Capital Asia. Under the settlement, the Crest entities will pay OUELH S$800,000 in instalments with S$300,000 due within 3 working days of the execution of the settlement agreement. Another S$250,000 has to be paid by Feb 28, 2022 and the final S$250,000 by Apr 29, 2022. Shares of OUELH ended Friday at S$0.038, down S$0.001 or 2.6 per cent, before the announcement.

mDR Y3D: The mainboard-listed company said it had discovered 2 separate cases of unauthorised use of the group's marketing incentive rebates at its subsidiaries - 3 Mobile Telecom, A-Mobile and Handphoneshop - on Dec 10 and Dec 13. As at Saturday (Dec 18), preliminary internal investigations showed that the aggregate amount misappropriated was around S$2.1 million. Shares of mDR, which last closed at S$0.073 on Dec 10, will resume trading on Monday (Dec 20), after a suspension was requested on Dec 14.

Zico 40W: The Catalist-listed management consulting services company announced on Friday that its wholly-owned subsidiary will be disposing a 49 per cent stake in Zico Trust for RM9.6 million (S$3.1 million). The move comes as the company looks to focus on the growing wealth management industry in Asia, said Zico in a press statement. Shares of Zico ended Friday flat at S$0.078 before the announcement.

Trading halts:

Qian Hu BCV has called for a trading halt on Monday morning, pending an announcement. Shares of the counter closed flat at S$0.20 on Friday.

Mainboard-listed Dasin Retail Trust CEDU has also requested a trading halt on Monday morning, pending an announcement. The counter closed flat at S$0.37 on Friday.