Singapore Stocks to Watch: Hotel Properties, Keppel Reit

Tiger Newspress2022-04-11

THE following companies saw new developments that may affect trading of their securities on Monday (Apr 11):

HOTEL Properties has through its 80 per cent-owned joint venture (JV) company HPL Olympia, entered into a share purchase agreement with an unrelated party to sell its entire 100 per cent stake in the share capital of 2 JV companies - HPL (Olympia) and Maple Olympia Propco 4 S.à.r.l.

In a bourse filing on Saturday (Apr 9), Hotel Properties said the total consideration of the transaction is £40.8 million (S$72.4 million), and the sale of the ownership interest will result in a gain of about S$29 million for the group.

Shares of Hotel Properties ended Friday at S$3.57 on a cum dividend basis, up 0.3 per cent or S$0.01.

KEPPEL DC Reit may be headed for more equity fund-raising, as the data centre investor looks to pick up more assets after an active acquisition spree in the past year.

"Anything above S$100 million would be a nice deal size, and the larger it is, of course, it would be a lot more needle-moving," Anthea Lee, chief executive of the manager, told The Business Times.

Still, she has ruled out acquiring non-data centre assets that do not come bundled with data centres, in the face of speculation that the real estate investment trust (Reit) might continue with diversification, after last year's investment in telco M1.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

DanielSiah
2022-04-11
DanielSiah
👆
LEESIMON
2022-04-11
LEESIMON
Nice
Eatmi
2022-04-11
Eatmi
Good news
SSVC
2022-04-11
SSVC
K
Firebird27
2022-04-11
Firebird27
Thanks
Jeremysee
2022-04-11
Jeremysee
Bumps up price :):)

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北京时间&nbsp;&nbsp;&nbsp;<strong>Tiger Newspress</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>THE following companies saw new developments that may affect trading of their securities on Monday (Apr 11):HOTEL Properties has through its 80 per cent-owned joint venture (JV) company HPL Olympia, ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"H15.SI","symbol_name":"旅店置业","start_time":0,"source_url":"","article_id":"1117335719","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1117335719","pubTimestamp":1649640442,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"THE following companies saw 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