Singapore stock preview: SIA, Singtel, Sembcorp Marine
Here are three SGX-ST mainboard stocks to watch for the week of 20 June 2022.
- SembCorp Marine Ltd share price fell 2.8% on Monday (20 June 2022)
- Singapore Airlines Ltd (SIA) share price dropped last week after posting its May 2022 operating results
- Singapore Telecommunications Limited (Singtel) shares are up on the back of two new announcements
- Keen to trade Singapore shares? Open an account with us to long or short these stocks.
Sembcorp Marine (SGX: S51)
Sembcorp Marine responded to further shareholders’ comments and queries in relation to the proposed combination of Sembcorp Marine and a restructured Keppel Offshore & Marine Ltd on Monday.
In response to a question about the rationale for the proposed merger, the company said it ‘offers the best way forward for Sembcorp Marine to play a long-term role in meeting the changing needs of its customers in the O&M sector, who themselves need new, cleaner energy solutions’.
‘The proposed combination will create a premier global player with a deep engineering heritage to offer offshore renewables, new energy and cleaner solutions in the O&M sector, creating significant value on multiple levels for all its stakeholders,’ it added.
The combined entity is also envisaged to unlock synergies from the integration of two established industry players, said Sembcorp Marine. Specifically, the restructured Keppel O&M brings a net order book of S$5.1 billion, which would add to the S$1.3 billion net order book of Sembcorp Marine.
Singapore Airlines (SGX: C6L)
The SIA Group saw passenger capacity (measured in available seat-kilometres) reach 61% of pre-Covid-191 levels in May 2022.
This was also an improvement of 126.3% from May 2021, and four percentage points higher than April 2022.
The group passenger load factor for the month stood at 78.2%, the highest since the onset of the pandemic. This was an uptick of 5.5 percentage points month-on-month, and 63.9 percentage points year-on-year.
Its flagship airline, Singapore Airlines, and low-cost arm, Scoot, carried a total of 1.71 million passengers in May 2022, up 17.4% from the previous month.
Singapore Telecommunications (SGX: Z74)
The Board of Directors of Globe Telecom, Inc., which Singtel is a principal shareholder of, have approved a Stock Rights Offer for Globe’s eligible common shareholders.
The Philippines telco expects to raise up to 32 billion pesos (S$827 million), which will be used for the expansion of the mobile and broadband network as well as debt repayment.
Last week, Singtel’s wholly-owned subsidiary, Singtel Global Investment Pte. Ltd., entered into a share purchase agreement with Anderton Investments Pte. Ltd. to acquire approximately 121.16 million shares of Thai telco, Intouch Holdings Public Company Limited, for approximately S$330 million.
This represents approximately 3.78 % of the issued and paid-up shares of Intouch. On completion of the acquisition, Singtel will increase its stake in Intouch to approximately 24.99%.
Thinking of trading Sembcorp Marine, SIA or Singtel stocks?
Go long or short via CFDs on these Singapore shares with our award-winning platform.* Open an account with us to start trading shares immediately.
*Awarded the Best Online Trading Platform by Influential Brands in 2021.
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.
No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. Please see important Research Disclaimer.
Please also note that the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.
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
See more forex live prices
See more shares live prices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
See more indices live prices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.
