The Business Times

Stocks to watch: SGX, OUE Commercial Reit

Published Thu, Aug 18, 2022 · 08:38 AM

THE following companies saw new developments that may affect trading of their securities on Thursday (Aug 18):

Singapore Exchange : S68 0% (SGX): The bourse’s net profit for the half year ended Jun 30 was up 13.2 per cent to S$232.7 million, from the earlier S$205.6 million posted in H2 last year, said the exchange in a regulatory filing on Thursday. SGX traded up 0.5 per cent or S$0.05 to S$9.94 on Wednesday.

OUE Commercial Real Estate Investment Trust : TS0U 0% (OUE C-Reit): The Reit has completed a S$978 million unsecured sustainability-linked loan to refinance existing secured borrowings, its manager announced on Wednesday. The proportion of the Reit’s unsecured debt will increase significantly from 30.9 per cent to 70.2 per cent on a pro forma basis. “With the new facility in place, there are no further refinancing requirements until September 2023 where only S$291 million of debt is due,” the manager noted. OUE C-Reit units closed flat at S$0.375 on Wednesday.


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