Stocks to watch: Singapore Airlines, GuocoLand, Geo Energy Resources

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jun 23):

Singapore Airlines (SIA) : SIA on Monday said that it plans to sell its first five-year benchmark dim sum bond, an offshore yuan bond issued outside mainland China, and has hired four banks to arrange the potential deal. Singapore Airlines has not disclosed the planned size. Shares of SIA ended on Monday at S$7.33, S$0.05 or 0.7 per cent higher.

GuocoLand : Property developer GuocoLand announced on Monday that its wholly owned subsidiary, GLL IHT, has priced an offering of S$110 million in fixed-rate notes due 2030, as part of its S$3 billion multicurrency medium term note programme. The notes carry a fixed interest rate of 2.5 per cent per annum, with interest payable semi-annually in arrear on Mar 30 and Sep 30 each year. Shares of GuocoLand ended at S$2.18 on Monday, S$0.01 or 0.5 per cent lower.

Geo Energy Resources : The coal producer said on Monday that it does not expect the Indonesian government’s plan to centralise control of commodity exports to have a material impact on its business. This includes its mining operations, logistics, customer relationships and its export activities. Shares of Geo Energy closed at S$0.435 on Monday, down 1.1 per cent or S$0.005, before the news.