SG Morning Highlights: Singapore consumer prices post 2.4% rise in May, a seven-year high

$Prime US ReitUSD (OXMU.SG)$ : The real estate investment trust (Reit) is acquiring Sorrento Towers in California as well as One Town Center in Florida for a total consideration of US$245.5 million. In an announcement on Thursday morning after it called for a trading halt, the Reit manager said the purchase will be partially funded through a private placement exercise to raise gross proceeds of at least US$80 million. Units of Prime US Reit closed one US cent or 1.2 per cent higher at 88 US cents on Wednesday.

$CapitaLand (C31.SG)$ : The property giant on Thursday said it has registered itself as a private equity fund manager in China. This will not only allow the group to carry out RMB-denominated (renminbi-denominated) capital raising, but also provide fund management services for prospective RMB funds in China. It targets to launch its first RMB-denominated fund product in Q4 of 2021. Shares of CapitaLand ended Wednesday S$0.05 or 1.4 per cent higher at S$3.74.

$YZJ Shipbldg SGD (BS6.SG)$ : The shipbuilder on Wednesday announced that it has recently secured agreements to build and deliver 14 vessels with a total contract value of US$715 million. Shares of Yangzijiang closed at S$1.38 on Wednesday prior to the announcement, up S$0.02 or 1.5 per cent.

$Rex Intl (5WH.SG)$ : The oil and gas company on Thursday said the senior secured bond worth 500 million Norwegian krones (S$78.9 million) of its 90 per cent-owned subsidiary, Lime Petroleum, is fully subscribed. The 2.5-year senior secured bond is a condition precedent for Lime Petroleum's acquisition of Brage field in Norway. Shares of Rex International closed at 18.5 Singapore cents on Wednesday, up 0.1 cent or 0.5 per cent.

$OxPay Financial (TVV.SG)$ : The digital payment services company's sponsor and board's nominating committee (NC) have disagreed on the suitability of the five directors controlling shareholder Ching Chiat Kwong proposed to be added. While the NC does not recommend their appointment, the company's sponsor has deemed them suitable. Shares of Catalist-listed MC Payment closed 4.6 per cent or 2.5 Singapore cents lower at 52 cents on Wednesday.

$Mapletree Log Tr (M44U.SG)$ : The Reit on Wednesday said a sale and purchase agreement relating to the proposed acquisition of a property in Malaysia has lapsed amid the Covid-19 pandemic. The Reit's manager said it remains keen on the acquisition and will continue to work to get the necessary approvals. Mapletree Logistics Trust units closed at S$2.05 on on Wednesday, up S$0.02 or 1 per cent, before the announcement.

$Del Monte Pac (D03.SG)$ : The canned-food brand on Wednesday posted net profit of US$14.5 million for the fourth fiscal quarter ended April, reversing from a net loss of US$12.4 million for the corresponding quarter last year. It also declared a final dividend of 1.2 US cents per ordinary share for FY2021. Shares in Del Monte closed at 42.5 Singapore cents on Wednesday, up 4.9 per cent or S$0.02, before the announcement.

$DBS (D05.SG)$ : The bank on Wednesday said it has completed Singapore's first export financing transaction referencing the US dollar Secured Overnight Financing Rate with food and agri-business, Bunge, the bank announced on Wednesday. DBS shares closes at S$29.33 on Wednesday, down S$0.07 or 0.2 per cent, after the announcement.

$SPDR Gold ETF (GLD.US)$ : The exchange-traded fund (ETF) on Wednesday said it will start trading in Singapore dollars on June 30 under the stock code GSD. The ETF first listed in Singapore in 2006 in US dollars under the stock code O87. Shares in SPDR Gold Shares closed at US$166.98, down US$0.02 or 0.01 per cent, after the announcement.

Trading halts: $Keppel (BN4.SG)$ on Thursday requested a trading halt pending the release of an announcement. Shares in Keppel closed at S$5.11 on Wednesday, up S$0.06 or 1.2 per cent.

$Seatrium (S51.SG)$ on Thursday also called for a trading halt pending the release of an announcement. Shares in Sembcorp Marine closed at 19.1 Singapore cents, up 0.2 cent or 1.1 per cent.