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Wed Dec 30 2020 – 8:44 a.m. M.
THE following companies saw new developments that may affect their securities trading on Wednesday:
City Developments Limited (CDL): Another board member, Koh Thiam Hock, has resigned from the real estate giant over concerns about his investment in Sincere Property Group in China, CDL said Tuesday night. Meanwhile, Carol Fong has been named an independent non-executive director. CDL shares lost S $ 0.01 or 0.1% to close at S $ 8.03.
Singapore Airlines (SIA), SATS: The Singapore government has earmarked S $ 84 million in additional aid to support the aviation sector during the Covid-19 crisis. This will include exemption from some fees paid by Singapore-based airlines and a 50 percent discount on license fees for ground handling and catering services. At the close of Tuesday, before the announcement, SIA shares fell S $ 0.02 or 0.5% to S $ 4.24, while SATS rose S $ 0.05 or 1.3% to S $ 4, 03.
Jardine Matheson Holdings (JMH), Sembcorp Industries, Jardine Strategic Holdings (JSH), CapitaLand: All four stocks had the strongest performance on the Straits Times Index in the quarter to date, and were highly rated on value factors, the Singapore Stock Exchange said in a market update. All four were in the green at Tuesday’s close: JMH gained US $ 0.35 or 0.6% to US $ 55.70, Sembcorp closed S $ 0.03 or 1.8% higher at S $ 1.73, JSH rose US $ 0.61 or 2.5% to US $ 25.41, and CapitaLand rose S $ 0.04 or 1.2% to S $ 3.29.
Walk in Keppel: Her manager has appointed Shirley Ng, 40, Deputy CEO, effective January 1, 2021. Ms. Ng has been the manager’s chief investment officer for more than two years. Keppel Reit units ended up trading at S $ 1.12 on Tuesday, an increase of S $ 0.02 or 1.8%, before the announcement.
Stamford Land Corp: The motherboard-listed firm said Wednesday that it is looking to sell a 14-story office building and three adjacent heritage premises in Perth’s central business district for A $ 67.8 million (S $ 68.3 million). The property has been vacant since Chevron’s lease expired in April. Stamford Land shares fell 0.5 Singapore cents or 1.6 percent to end at 31.5 cents on Tuesday.
Chip Eng Seng Corp: The Housing and Development Board awarded a $ 32.9 million contract to Chip’s subsidiary Eng Seng for the design and construction of improvement projects at four sites in Singapore. Its motherboard-traded stock closed unchanged at S $ 0.43 on Tuesday, ahead of the announcement.
Centurion Corp: The firm said late Tuesday that its unit completed the sale of a Shanghai factory for 30 million yuan (S $ 6.1 million). Centurion, which owns and develops specialty lodging assets, said the factory had ceased its optical disc manufacturing operations since late 2012. The sale was in line with the group’s strategy to divest from non-core real estate assets. Centurion shares closed unchanged at S $ 0.35 on Tuesday.
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