Stocks to watch: OUE Commercial Reit, Prime US Reit, Chip Eng Seng, SIA, SIA Engineering

THE following companies saw new developments that may affect trading of their securities on Thursday (Feb 17):

OUE Commercial Reit (OUE C-Reit): TS0U The real estate investment trust (Reit) on Wednesday posted a distribution per unit (DPU) of S$0.0137 for the second half of the fiscal year ended December 2021, down 4.2 per cent from S$0.0143 in the year ago period. H2 DPU is expected to be paid out on Mar 30. Units of OUE C-Reit ended at S$0.43 on Wednesday, up 1.2 per cent or S$0.005, before the announcement was made.

Prime US Reit: OXMU The Reit reported on Wednesday a DPU of US$0.0345 for H2 FY2021 ended December 2021, up 0.9 per cent from US$0.0342 in H2 FY2020. This brought DPU for the full year to US$0.0678, down 2.3 per cent from FY2020. Units of Prime US Reit ended Wednesday flat at US$0.83 prior to the announcement.

Chip Eng Seng: C29 The mainboard-listed property player reported on Wednesday a net loss of S$31.6 million for the second half of the fiscal year ended December 2021, improving on a S$56.7 million loss in the previous year. Loss for the full year came in at S$31.5 million, an improvement from a loss of S$81.1 million in FY2020. Shares of Chip Eng Seng ended Wednesday flat at S$0.44 before the results were released.

Singapore Airlines (SIA): C6L The flag carrier airline of Singapore on Wednesday announced that it has ordered 22 additional GE9X engines from GE Aviation to power its fleet of Boeing 777-9 aircraft, along with a 12-year services contract for a total of US$2.8 billion.

The company has also decided that all flights out of Changi Airport will use a blend of refined jet fuel and sustainable aviation fuel in a 1-year trial beginning in the third quarter this year.

Separately, the airline has been banned from flying passengers to Hong Kong for 2 weeks, after Covid-19 cases were detected among some of its passengers. Shares of SIA closed at S$5.33 on Wednesday, up 1.1 per cent or S$0.06.

SIA Engineering: S59 The wholly-owned subsidiary of Singapore Airlines group on Wednesday said it has inked an agreement with maintenance, repair and overhaul (MRO) service provider SR Technics Switzerland to acquire a 75 per cent stake in SR Technics Malaysia for US$3.8 million to form an MRO joint venture. Shares of SIA Engineering ended Wednesday at S$2.26, up 0.4 per cent or S$0.01, before the announcement.

Shinvest Holding: BJW A special-purpose vehicle with members of the Teo family group on Wednesday announced its intention to make a voluntary conditional cash offer of S$3.50 per share to acquire all the shares of Shinvest Holding. Shares of Shinvest ended flat at $3.10 before the company called for a trading halt on Wednesday. Shares will resume trading on Thursday morning.

HC Surgical Specialists: 1B1 HC Endoscopy & Piles Centre, a clinic belonging to HC Surgical Specialists has been granted a licence by the Ministry of Health to provide a number of Covid-19 tests, announced the group on Wednesday. Shares of HC Surgical ended flat at S$0.50 after the announcement was made.

Trading Halt: Catalist-listed Mary Chia Holdings 5OX on Thursday morning called for a trading halt with immediate effect, pending the release of an announcement. Shares last traded at S$0.028, up 3.7 per cent or S$0.001, when the market closed on Wednesday.