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Tue, September 29, 2020 – 8:44 am
THE following companies saw new developments that may affect their securities trading on Tuesday:
Frasers Centrepoint Trust (FCT): Its private placement closed approximately 2.8 times underwritten and listed at the lower end of the range on Tuesday, without the extension option being exercised. Meanwhile, the prime offering is priced at S $ 2.34 per new unit, also at the lower end of the range. FCT units closed at S $ 2.52 on Friday, and the manager called for a ceasefire on Monday morning. On Tuesday, the manager asked to raise the halt.
DBS, OCBC, UOB: Fitch Ratings affirmed its AA- ratings on Singapore banks and removed the trio from negative rating watch, as the materialization of stress conditions has become “less immediate.” DBS shares closed up S $ 0.21 or 1% to S $ 20.22, OCBC rose S $ 0.06 or 0.7% to S $ 8.52 and UOB closed S $ 0.18 or 0.9% to S $ 19.28 on Monday.
Thai Beverage Public Co (ThaiBev): ThaiBev said Monday that its executive committee approved the appointment of five senior management staff and two senior vice presidents to help the company achieve its growth goals. Shares of ThaiBev closed Monday at 59.5 Singapore cents before the announcement, an increase of one cent or 1.7 percent.
Sunpower Group: The motherboard-listed company has obtained manufacturing and service orders worth more than 76 million yuan (15.3 million Singapore dollars) from two regular customers. Sunpower shares closed down 0.5 Singapore cents or 0.9 percent to 52.5 cents on Monday.
USP Group: The watch-listed company said on Monday night that the employment of an errant staff at its Indonesian subsidiary was terminated after it was discovered that the staff had misappropriated a sum not exceeding S $ 20,000. . USP shares were last traded at 7.1 Singapore cents on September 16.
A-Smart Holdings: The press posted a net profit of S $ 86,000 for the six months ended July 31 (second half of 2020), reversing a net loss of S $ 2.12 million for the prior year period. A-Smart closed Monday at 29.5 Singapore cents, down 0.5 percent or 1.7 percent before its results were released.
Trading stops: CapitaLand Commercial Trust (CCT) and CapitaLand Mall Trust (CMT) requested suspension of operations Tuesday morning ahead of extraordinary general meetings scheduled later in the day to seek approval of their proposed merger. CCT units closed S $ 0.02 or 1.2% lower at S $ 1.69 and CMT units closed unchanged at S $ 1.99 on Monday.
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