Singapore stock preview: CapitaLand, Thai Beverage, Genting Singapore

Here are three SGX-ST mainboard stocks to note for the week of 14 June 2021.

CapitaLand (SGX: C31)

CapitaLand has set up a S$50 million CapitaLand Innovation Fund to support the test-bedding of sustainability and other high-tech innovations in the built environment space over the next five years.

This was announced by CapitaLand’s Group Chief Executive Officer, Mr Lee Chee Koon, at the Grand Finale of the inaugural CapitaLand Sustainability X Challenge (CSXC) on Friday (11 June 2021).

The CapitaLand Innovation Fund is the group’s latest effort aimed at encouraging more innovation in the built environment space with a strong focus on sustainability.

In October 2020, CapitaLand opened the Smart Urban CoInnovation Lab at the Singapore Science Park in partnership with the Infocomm Media Development Authority and Enterprise Singapore, with sustainability as one of its focus areas.

As part of the drive, CapitaLand will also redeploy interest rate savings from its sustainability-linked loans towards sustainability initiatives.

CapitaLand Ltd shares closed at S$3.76 each on Monday.

Thai Beverage (SGX: Y92)

Thai Beverage Public Company Limited (ThaiBev) announced last week that it issued debentures with an aggregate principal amount of 40 billion baht (S$1.7 billion).

This comprises the initial required funding amount of 35 billion baht and a greenshoe option of five billion baht. The debentures were more than 1.52 times oversubscription of an aggregate principal amount.

The debentures carry an average annual coupon rate of 1.95% and have an average tenor of 4.10 years.

The proceeds from the debenture issue will be used for the repayment of a 40 billion baht bridging loan facility that will mature in March 2023. Following the repayment of the bridging loan, the company’s unutilized credit facilities with the banks will increase accordingly.

The debentures have been assigned an “AA(tha)” rating which is considered investment grade by Fitch Ratings (Thailand) Limited.

ThaiBev shares closed flat at S$0.69 on Monday.

Genting Singapore (SGX: G13)

Genting Singapore announced that it is leading a consortium of local Japanese corporates and has submitted a bid in response to the Yokohama City Request for Proposal.

Genting Singapore’s consortium comprises Japanese corporates including Sega Sammy Holdings Inc., Sohgo Security Services Co., Ltd. (ALSOK), Kajima Corporation, Takenaka Corporation and Obayashi Corporation.

‘Our vision is to create a world-class Integrated Resort (IR) destination that is strategically positioned, sustainable and anchored on strong local collaborations,’ the group said in a press release on Friday.

Based on its proportionate shareholding interest in the IR project, the company’s investment amount will be less than 100% of its market capitalisation.

As disclosed in Section 2.7.1 of the circular dated 20 January 2020 for the Extraordinary General Meeting, in such case, the Yokohama IR bid submission would not be subject to approval of shareholders, on the grounds that the development and operations of an IR are within the ordinary course of business of the company.

‘This investment has been carefully considered and solely approved by the Board of Directors of the company after reviewing the investment proposal put forth by the management,’ Genting Singapore added.

Genting Singapore shares closed 1.14% higher on Monday.

Go long or short on Singapore’s most popular stocks with CFDs

Create an IG account or log in to your existing account to get started now.

IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

Please see important Research Disclaimer.

Seize a share opportunity today

Go long or short on thousands of international stocks.

  • Increase your market exposure with leverage
  • Get spreads from just 0.1% on major global shares
  • Trade CFDs straight into order books with direct market access

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
liveprices.javascriptrequired
liveprices.javascriptrequired

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

liveprices.javascriptrequired

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.

The Momentum Report

Get the week’s momentum report sent directly to your inbox every Monday for FREE. The Week Ahead gives you a full calendar of upcoming key events to monitor in the coming week, as well as commentary and insight from our expert analysts on the major indices to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.