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Friday, November 13, 2020 – 8:59 am
THE following companies saw new developments that may affect their stock trading on Friday:
Singapore Airlines (SIA): The new SIA $ 850 million five-year convertible bonds issued by SIA will have a coupon of 1.625 percent per annum and will be issued at par. The initial conversion price is S $ 5,743 for each new common share, the flag carrier said in a stock presentation on Friday morning. Shares of SIA closed at S $ 3.94 on Thursday, up S $ 0.02 or 0.5 percent.
CLAUSE: The ground operator and food provider continued to post quarterly losses, but managed to reduce red ink to S $ 33.2 million during the three months through September, from S $ 43.7 million for the prior quarter. On Thursday, SATS also said it is preparing to handle vaccines for Covid-19. The accountant ended up at S $ 3.60, an increase of S $ 0.07 or 2 percent, before the release of its financial results.
ComfortDelGro: The transport operator posted a net profit of S $ 21.7 million for the third quarter ended September 30, down 69 percent from S $ 70 million a year ago, but improved on its loss. net during the first half of the year. Shares of ComfortDelGro closed up S $ 0.01 or 0.7% at S $ 1.50 on the Thursday before the news.
Golden-Agri Resources: The palm oil plantation owner’s net loss for its fiscal third quarter was reduced to US $ 5 million for the three months ended September 30, 2020, from US $ 61 million for the previous quarter, it said Friday by the morning. Golden Agri shares rose 0.2 Singapore cents, or 1.4 percent on Thursday to close at 14.9 cents.
OUE Commercial Reit (OUE C-Reit): Its distributable income increased 15.8 percent year-on-year to S $ 34.2 million for the third quarter ended September 30, 2020. Units of OUE C-Reit closed unchanged at 34.5 US cents from Singapore on the Thursday before this announcement.
Metro Holdings: The retail and real estate investment group posted a net profit attributable to shareholders of S $ 19.8 million for the first half ending September 30, 5.7% less than in the same period last year. Metro shares closed at 65 Singapore cents on Thursday, one cent or 1.6 percent, before the announcement of the results.
UMS holdings: The semiconductor equipment maker posted a 41 percent net profit increase to S $ 12.9 million in the third quarter ending September 30, thanks to strong semiconductor sales. Shares of UMS closed down 1.5 Singapore cents, or 1.5 percent, at 96 cents on Thursday before the results were released.
Sunpower Group: The environmental protection solutions provider reported a net profit of 36.6 million yuan (S $ 7.45 million) for the third quarter ended September 30, 66.8% less than in the same period of the previous year. . Shares of Sunpower closed down 1.5 Singapore cents, or 2.3 percent, at 64 cents on Thursday before the results were released.
Singapore Post (SingPost): SingPost Group Treasury will issue S $ 250 million in 10-year fixed rate notes guaranteed by postal service provider SingPost. The senior unsecured notes will have a coupon of 2.53 percent per annum. SingPost shares closed at 68.5 Singapore cents on Thursday, down 0.5 cents or 0.7 percent.
Mapletree Logistics Trust (MLT): The Real Estate Investment Trust’s preferred offering was oversubscribed, generating gross proceeds of S $ 144.1 million. MLT units closed up $ 0.04 or 2.1 percent at $ 1.98 on Thursday before the news.
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