Stocks to watch: Sats, Singtel, Keppel, Mapletree Industrial Trust, Sabana Reit, DFI
Michelle Zhu
THE following companies saw new developments that may affect trading of their securities on Monday (Nov 20):
Sats : The in-flight caterer and ground handler Sats has established a US$3 billion multi-currency debt issuance programme. Net proceeds will go towards refinancing existing debts, financing potential acquisitions and investments, and meeting working capital, capital expenditure needs, and other corporate purposes. Prior to the announcement, Sats shares closed Friday down 0.7 per cent or S$0.02 to S$2.71.
Singtel : Its Australian unit Optus’ chief executive, Kelly Bayer Rosmarin, has resigned after the company experienced a network-wide outage on Nov 8. Singtel on Monday announced Optus’ current chief financial officer Michael Venter to assume the role of interim CEO, as the group searches for Rosmarin’s replacement. Shares of Singtel ended S$0.002 or 0.1 per cent higher at S$2.33 last Friday.
Keppel Corporation : Its infrastructure division has launched a multi-pronged project for the National University of Singapore (NUS). The project aims to advance NUS’ Campus Sustainability Roadmap 2030 and the Singapore Green Plan 2030. Keppel will also implement a district-wide innovative cooling network at the NUS University Hall and its adjacent developments, announced the group on Monday. Shares of Keppel closed Friday S$0.08 or 1.3 per cent higher at S$6.47.
Mapletree Industrial Trust (MIT): Its tenant, which is undergoing Chapter 11 bankruptcy proceedings in the US, has agreed to sell its assets, including all eight of its data centre leases held by MIT. Believed to be Cyxtera, the tenant represents roughly 3 per cent of MIT’s monthly gross rental income. Units of MIT closed 0.4 per cent higher at S$2.27 on Friday, prior to the announcement.
Sabana Real Estate Investment Trust (Sabana Reit): Its trustee has lodged a claim against its tenant Kleio One-Solution for possession of premises and payment of outstanding fees amounting to S$2.1 million, said its manager on Friday. The tenant is accountable for about 2.9 per cent of the Reit’s monthly average gross rental income. Units of Sabana Reit closed unchanged at S$0.395 before the announcement.
DFI Retail Group : The group has sold Jelita Shopping Centre for S$91.68 million, reported The Business Times on Monday. The transacted price is higher than the S$85 million guide price JLL cited in June. DFI will lease back this space for an initial 10-year term, with options to renew the lease for four subsequent terms of five years each, resulting in a maximum of up to 30 years. Its shares ended last Friday US$0.05 or 2.1 per cent down at US$2.30.
UOL Group , Singapore Land (SingLand): Their joint development project Watten House sold 57 per cent, or 102 out of 180 units, at the close of its private preview on Saturday. The showflat was closed following the preview and will reopen for the development’s public launch next year. UOL shares ended 1.89 per cent or S$0.11 lower at S$6.15 last Friday, while SingLand closed up 1 per cent or S$0.02 at S$1.99.
Winking Studios: Shares of the Acer-backed gaming-related company will commence trading on Monday after its initial public offering closed with 40 million of its new shares fully subscribed for S$0.20 apiece. On Friday, Winking Studios said valid applications for the company’s placement shares amounted to 27.2 million, with application monies received amounting to S$5.4 million.
