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Wed, December 09, 2020 – 8:57 am
THE following companies saw new developments that may affect their securities trading on Wednesday:
Keppel Infrastructure Trust (KIT): The trust manager and his Philippine partner Metro Pacific Investments Corporation have entered into a conditional agreement to fully acquire an entity that owns the largest petroleum products import storage facility in the Philippines. KIT units closed flat at S $ 0.55 on Tuesday.
Singapore Airlines (SIA), SATS: Singapore’s air cargo community is ready to transport and distribute Covid-19 vaccines, the Changi Ready Task Force announced on Tuesday. However, increased revenue from vaccine transportation is unlikely to push SIA back to the black numbers. SATS shares closed S $ 0.04 or 1% lower at S $ 4.11 on Tuesday, while SIA closed S $ 0.02 or 0.5% higher at S $ 4.40, after of the ad.
Geographic energy resources: Moody’s Investors Service has upgraded the motherboard-listed company’s corporate family rating to Caa1, from Caa3 previously. Shares of Geo Energy rose 0.1 Singapore cent or 0.6 percent to end at 17.7 cents on Tuesday.
Had country: The Catalist-listed real estate developer is unaware of the reasons for the unusual volume of movements in its shares on Tuesday, it said in response to a query from Singapore Exchange RegCo earlier in the day. The counter posted strong trading on Tuesday, with 10.8 million shares changing hands, sending its share price up 10.2 percent or 0.6 Singapore cents to close at 6.5 cents. .
ST Engineering: STET Homeland Security Services, a dormant subsidiary of the defense and engineering group, has been placed under voluntary liquidation by its members. Shares of ST Engineering, which is traded on the motherboard, closed at S $ 3.86 on Tuesday, down S $ 0.01 or 0.3%.
Keppel Corp: Keppel Bay Tower, from its real estate arm, received Green Mark Platinum (Zero Energy) certification, the first commercial building in Singapore to do so, Keppel Corp and the Buildings and Construction Authority said in a joint statement Wednesday. Shares of Keppel Corp rose 0.01 Singapore dollars or 0.2 percent to close at 5.24 Singapore dollars on Tuesday.
DBS: Some customers who tried to log into the bank’s digibank app on Tuesday night encountered an error message notifying them of technical difficulties. The problem was resolved in an hour for some users of the application. DBS shares closed at S $ 25.01 on Tuesday, down S $ 0.25 or 1%.
City Developments (CDL): The top-listing developer made the 2020 CDP “A-Lists” for corporate climate action and water safety. In its presentation, CDL noted that it is the only Singapore company to earn an A this year. The counter closed at S $ 7.79 on Tuesday, down S $ 0.03 or 0.4%.
Commercial stop: The manager of Soilbuild Business Space Reit called for a commercial suspension on Wednesday, pending the publication of an announcement. Units of the real estate investment trust closed at 98 Singapore cents on Tuesday, down 0.5 percent or 0.5 percent.
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