Singapore Stocks To Watch: SGX, OUE Commercial Reit, City Developments Limited

Tiger Newspress2022-08-18

THE following companies saw new developments that may affect trading of their securities on Thursday (Aug 18):

Singapore Exchange: Singapore Exchange Ltd said on Thursday it posted a marginally higher adjusted profit and record revenues, helped by the bourse operator's push towards its derivatives product offerings amid a weak securities market.

Higher derivatives volumes for equities, currencies and commodities helped offset a weaker showing from cash equities and treasuries.

SGX's revenue from fixed income, currencies and commodities (FICC) increased 19% to S$252.7 million ($182.92 million), and contributed to nearly 23% of total revenues. It said total revenue increased 4% to a record S$1.10 billion.

OUE Commercial Reit: OUE Commercial real estate investment trust (C-Reit) successfully completed a S$978 million unsecured sustainability-linked loan to refinance existing secured borrowings.

The loan, syndicated by a consortium of 4 mandated lead arrangers and bookrunners – CIMB Bank Singapore, Maybank Singapore, OCBC and Standard Chartered - was 1.26 times oversubscribed and supported by 19 banks, the Reit manager announced in a press statement on Wednesday (Aug 17).

SEVERAL property-related groups posted strong results for the half year ended June. City Developments Limited (CDL) achieved a record net profit of S$1.1 billion for H1 2022, reversing a net loss for H1 2021. CDL is paying a special interim dividend of S$0.12 per ordinary share.

The Straits Trading Company posted a 449 per cent year-on-year rise in H1 net profit to S$673 million. In the wake of its strong H1 results, the group declared a special dividend, distributing either ESR shares or Straits Trading shares to entitled shareholders.

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Comments

  • hotwheels
    2022-08-18
    hotwheels
    Commercial Reit: OUE Commercial real estate investment trust (C-Reit) successfully completed a S$978 million unsecured sustainability-linked loan to refinance existing secured borrowings.The loan, syndicated by a consortium of 4 mandated lead arrangers and bookrunners – CIMB Bank Singapore, Maybank Singapore, OCBC and Standard Chartered - was 1.26 times oversubscribed and supported by 19 banks, the Reit manager announced in a press statement on Wednesday (Aug 17).
  • MSTAN
    2022-08-18
    MSTAN
    👌👌
  • Frozenfeel
    2022-08-18
    Frozenfeel
    Go sgx
  • kenong62
    2022-08-18
    kenong62
    Like 
  • Bryan_lyc
    2022-08-18
    Bryan_lyc
    F
  • Dynamism
    2022-08-18
    Dynamism
    K
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