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Mon, September 14, 2020 – 8:59 am
THE following companies saw new developments that may affect their securities trading on Monday:
Mapletree Industrial Trust (MIT): Its manager proposed on Monday to acquire a data center and office in the United States for between $ 200.6 million and $ 262.1 million subject to calibration of terms. MIT units closed at S $ 3.12 on Friday, an increase of S $ 0.01 or 0.3 percent.
Keppel walk: Keppel Reit acquired a freehold commercial property in Sydney for A $ 306 million (S $ 305 million), its manager said Sunday. Units of Keppel Reit closed at S $ 1.07 on Friday, down S $ 0.02 or 1.8%.
ST Engineering: Fiber and connectivity provider SP Telecommunications, a joint venture between ST Engineering and SP Group, has plans to implement a multi-billion dollar “smart” network with built-in artificial intelligence and cybersecurity, said its CEO Titus Yong. The Business Times (BT). ST Engineering shares ended unchanged at S $ 3.41 on Friday.
Singapore Airlines (SIA): According to a screenshot of an email shared by a Telegram user, the airline could be offering “flights to nowhere” in October, in an attempt to generate much-needed revenue as its fleet is still largely grounded. by the virus pandemic. SIA did not deny or confirm this plan when approached by BT about it. The counter ended Friday at S $ 3.56, an increase of S $ 0.02 or 0.6%.
CapitaLand: A private fund managed by the real estate developer is understood to be the pioneer of ABI Plaza, a 12-story wholly owned office building in the Tanjong Pagar area. There is talk of the vine is that an entity linked to the private fund is in exclusive discussions to buy ABI Plaza for around S $ 206 million. CapitaLand shares closed at S $ 2.75 on Friday, an increase of S $ 0.01 or 0.4%.
Oxley Holdings: In response to a BT article on buyers’ concerns over the developer’s alleged lack of transparency, Oxley clarified late Friday that multi-stage transfers for mixed developments are common in Cambodia and Singapore, and that its subsidiary had adopted the process in August for a project. called The Peak with statutory permission. The counter closed unchanged at S $ 0.22.
DBS, UOB, OCBC: The dividend cap for Singapore banks may be extended to fiscal year 21, given lower net interest income, relatively weak credit demand and uncertainty about asset quality, DBS Group Research said in a report. Shares of DBS closed at S $ 20.51, down S $ 0.03 or 0.2 percent. Shares of UOB rose 0.01 Singapore dollars or 0.1 percent to end at 19.40 Singapore dollars, while shares of OCBC were unchanged at 8.58 Singapore dollars.
Chasen Holdings: The third-party logistics (3PL) segment of the motherboard-listed logistics company saw an increase in revenue during the pandemic due to the crisis in the air cargo market, President Eric Ng told BT. The company is also diversifying into a new business area: providing cleaning and maintenance services for critical components of machines used in the thin-film transistor LCD industry. Chasen shares closed at 5.5 Singapore cents on Friday, down 0.1 or 1.8 percent.
Neo Group: Catalonia’s listed food supplier’s appetite for mergers and acquisitions shows no signs of abating. CEO Neo Kah Kiat told BT that he is constantly in talks with the parties in their search for new partners. The stock gained S $ 0.02 or 4.1% to end at S $ 0.51 on Friday.
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