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Tue, September 15, 2020 – 8:57 am
THE following companies saw new developments that may affect their securities trading on Tuesday:
Singapore Airlines (SIA): Staff reductions for SIA and SilkAir cabin crews have started, while 50-60 pilots with employment passes are also understood to have been laid off. The flag carrier is still in talks with the Airline Pilots Association – Singapore, The Business Times understand, and the conversations revolve around the number of layoffs. Shares of SIA fell S $ 0.05 or 1.4% to close at S $ 3.51 on Monday.
Accordia Golf Trust: Its stakeholders have voted overwhelmingly in favor of the proposed sale of all its 88 golf courses to its sponsor, Accordia Golf. The counter ended flat at S $ 0.73 on Monday, ahead of the announcement.
Singapore Post (SingPost): The postal service provider said Tuesday that the price for its local mailbox packages and home parcel deliveries will be simplified to a flat rate, while the rate for international deliveries will be simplified and cheaper for most customers. . SingPost shares closed at S $ 0.67 on Monday, down S $ 0.01 or 1.5%.
CapitaLand: The property giant’s subsidiary has priced S $ 800 million in 2.9 percent senior notes due 2032, which will be guaranteed by CapitaLand, the latter said late Monday. The counter closed S $ 0.02 or 0.7% lower at S $ 2.73 on Monday.
Lippo Malls Indonesia Retail Trust (LMIRT): Its manager said Tuesday that its seven shopping malls in Jakarta remain operational with an unchanged 50 percent visitor capacity limit, amid the re-imposition of large-scale social restrictions in the capital to combat the spread of Covid-19. . Units of LMIRT closed unchanged at 11.3 Singapore cents on Monday.
Sembcorp Marine (SMM): The offshore and marine engineering group’s shares were actively traded on Monday when it completed its S $ 2.1 billion recapitalization exercise. The counter finished at 16.2 Singapore cents on Monday, down 0.6 percent or 0.1 percent, and was the most traded by volume on the Singapore exchange.
Mary Chia’s holdings: The Catalist-listed beauty and wellness firm said Monday night that its independent auditor has included in its report a material uncertainty related to the company’s ability to continue as a going concern, although the auditor’s opinion was not forthcoming. modify about it. Mary Chia’s stock last traded at S $ 0.17 on September 3.
DBS: The bank is among Maybank Kim Eng’s top “buy” ideas in the region, with a price target of S $ 22.90, the research team said, while downgrading the industry outlook on ASEAN banks. to negative. Shares of DBS lost 0.05 Singapore dollars or 0.2 percent to close at 20.46 Singapore dollars on Monday.
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