Stocks to watch: SPH, SPH Reit, Keppel, Keppel Reit, Singapore Medical Group

THE following companies saw new developments that may affect trading of their securities on Tuesday:

Singapore Press Holdings T39 (SPH), SPH Reit SK6U, Keppel Corp BN4 and Keppel Reit K71U: All four counters were placed on trading halt on Monday in view of the biggest mergers and acquisition announcement of the day - Keppel on Monday offered to buy out SPH's non-media assets that would value it at S$3.4 billion. The counters last closed higher on Friday, with Keppel up 1.9 per cent or S$0.10 to S$5.49 and Keppel Reit up 0.8 per cent or S$0.01 to S$1.20. SPH advanced 1.1 per cent or S$0.02 to end the week at S$1.88, while SPH Reit rose 0.6 per cent or 0.5 Singapore cent to 91.5 cents.

Singapore Medical Group 5OT: The Catalist-listed group announced on Tuesday morning that its net profit had more than doubled to S$7.2 million for the half-year ended June 30, 2021, up from S$3.5 million a year ago due to rising demand in the group's aesthetics, Lasik and diagnostic imaging-related services. Shares of SMG closed flat at 32.5 Singapore cents on Monday.

OUE Lippo Healthcare 5WA (OUELH): The Catalist-listed firm on Monday posted a net profit of S$113.8 million for the six months ended June, boosted by a one-off S$110 million gain from a shareholder loan conversion. Its revenue dipped 2 per cent year on year to S$9.7 million, mainly due to the weaker exchange rate of Japanese yen to Singapore dollar. Shares of OUELH closed at S$0.04 on Monday, down 4.8 per cent, ahead of the announcement of its earnings.

Ascendas Reit A17U: The real estate investment trust (Reit) on Monday said it has potential redevelopment plans for the TUV SUD PSB Building at Singapore Science Park 1. It also reported a bumped up distribution per unit to 7.66 Singapore cents for the first-half ended June 30, up 5.4 per cent from 7.27 cents a year ago. Distributable income rose 18.2 per cent to S$311.0 million, which the manager attributed mainly to contributions from its newly acquired properties. The counter ended flat at S$3.12 before the results were released.

Wilmar International F34: The agribusiness group said on Monday evening that its 50 per cent owned Indian joint venture Adani Wilmar, which sells kitchen commodities in India, has filed a draft red herring prospectus for its initial public offering (IPO) on the Bombay Stock Exchange and the National Stock Exchange of India. It intends to raise up to 45 billion rupees (S$818 million) in a fresh issue. Shares of Wilmar fell S$0.05 or 1.2 per cent to close at S$4.30 on Monday, prior to the announcement.

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Credit Bureau Asia TCU (CBA): The mainboard-listed firm said on Monday it will enter Vietnam in a partnership with Hanoi-headquartered financial data provider FiinGroup, in a joint venture providing analytics and data solutions to financial institutions, credit granting agencies, payment services agencies and other data companies. Shares of CBA closed at S$1.30 on Monday, up 0.8 per cent ahead of this announcement.

Sabana Shari'ah Compliant Industrial Reit M1GU (Sabana Reit): Activist investors Quarz Capital and Black Crane Capital are for the second time in three months seeking to convene an extraordinary general meeting to endorse a new independent director for the Reit, expressing their unhappiness with his appointment to its board, claiming he is in a position of conflict due to his holdings in a "major competitor". Units of Sabana Reit closed 1.2 per cent or half a cent higher at 44 Singapore cents on Monday.

Trading halt: Enviro-Hub Holdings L23 : L23 0%, which carries a portfolio of environment-related businesses, requested a trading halt on Tuesday morning pending an announcement. The counter saw a downward trend on its price throughout Monday trade before seeing a spike near the end of the day and closing flat where it started at 8.4 Singapore cents.