The Tang Group Ventures Into the S-Reit Sector
The Tang Group Ventures Into the S-Reit Sector
Institutions were net buyers of Singapore stocks over the five trading sessions through to May 30, with S$108.4 million of net institutional inflow, as 20 primary-listed companies conducted buybacks by way of market acquisition with a total consideration of S$37.9 million.
在截至5月30日的五個交易日中，機構是新加坡股票的淨買家，機構淨流入額爲1.084億新元，20家主要上市公司通過市場收購進行了回購，總對價爲3,790萬新元。
Leading the net institutional inflow over the five sessions were Yangzijiang Shipbuilding, UOB, Singapore Exchange, OCBC, DBS, Sats, Singtel, Singapore Technologies Engineering, Seatrium and Thai Beverage.
在這五個交易日中，領先的機構淨流入量是揚子江造船、大華銀行、新加坡交易所、華僑銀行、星展銀行、新加坡電信、新加坡電信、新加坡科技工程、Seatrium和泰國飲料。
Meanwhile Mapletree Pan Asia Commercial Trust, Singapore Airlines, Mapletree Logistics Trust, Jardine Cycle & Carriage, CapitaLand Ascendas Reit, Sembcorp Industries, UOL Group, Jardine Matheson Holdings, Mapletree Industrial Trust, and Keppel Reit led the net institutional outflow over the five sessions.
同時，豐樹泛亞商業信託、新加坡航空、豐樹物流信託、怡和運輸、凱德置地騰飛房地產投資信託、勝科工業、UOL集團、怡和控股、豐樹工業信託和吉寶房地產信託基金在這五個交易日中引領機構淨流出。
The five trading sessions saw more than 80 changes to director interests and substantial shareholdings filed for around 40 primary-listed stocks. Directors or chief executive officers filed 19 acquisitions, and no disposals, while substantial shareholders filed six acquisitions and six disposals.
在這五個交易日中，約40只初級上市股票的董事權益發生了80多次變動，並申請了大量股權。董事或首席執行官進行了19次收購，沒有進行任何出售，而大股東則進行了6次收購和6次出售。
ARA US Hospitality Trust
ARA 美國酒店信託基金
The Tang group – which comprises Gordon Tang, Celine Tang, Tang Jialei, Tang Jialin, Acrophyte Pte Ltd, Acrophyte Asset Management and Acrophyte Ltd – is acquiring the managers of ARA US Hospitality Trust (ARA H-Trust) and increasing its stake in ARA H-Trust to 28.3 per cent.
唐集團——包括唐國棟、唐席琳、唐佳蕾、唐佳林、Acrophyte Pte Ltd、Acrophyte Asset Management和Acrophyte Ltd——正在收購ARA美國酒店信託基金（ARA H-Trust）的經理，並將其在ARA H-Trust的股份增加到28.3％。
Acrophyte Ltd is wholly owned by Tang Jialei and Tang Jialin. Acrophyte Asset Management, meanwhile, is wholly owned by Acrophyte Pte Ltd, which is ultimately owned by Gordon Tang and Celine Tang. Acrophyte Ltd is acquiring securities in ARA H-Trust, while Acrophyte Asset Management Pte Ltd is acquiring the managers of ARA H-Trust.
Acrophyte Ltd 由唐佳雷和唐佳林全資擁有。同時，Acrophyte Asset Management由Acrophyte Pte Ltd全資擁有，該公司最終由Gordon Tang和Celine Tang擁有。Acrophyte Ltd正在收購ARA H-Trust的證券，而Acrophyte資產管理私人有限公司正在收購ARA H-Trust的經理。
On May 27, Acrophyte Ltd announced the proposed acquisition of a 19 per cent stake in ARA H-Trust from ARA Real Estate Investors 23 Pte Ltd – a unit of Hong Kong's ESR Group – for an aggregate consideration of US$34,162,198.
5月27日，Acrophyte Ltd宣佈擬從香港ESR集團旗下的ARA房地產投資23私人有限公司收購ARA H-Trust19％的股份，總對價爲34,162,198美元。
In addition to the 9.3 per cent interest that the Tang group owns in ARA H-Trust, the proposed acquisition increases the Tangs' holding in ARA H-Trust to 28.3 per cent. The deal will also see Acrophyte Pte Ltd appointed as the new sponsor of ARA H-Trust. The estimated completion date of the transactions is Q2 2024 to Q3 2024, subject to fulfilment of certain conditions.
除了唐氏集團在ARA H-Trust中擁有9.3％的權益外，擬議的收購還使唐氏在ARA H-Trust中的持股量增加到28.3％。該交易還將使Acrophyte Pte Ltd被任命爲ARA H-Trust的新贊助商。交易的預計完成日期爲2024年第二季度至2024年第三季度，但須滿足某些條件。
Acrophyte Ltd, previously known as Chip Eng Seng Corporation, has made significant strides in the real estate sector since the 1990s.
Acrophyte Ltd（前身爲Chip Eng Seng Corporation）自20世紀90年代以來在房地產領域取得了長足的進步。
Its expansion into a multinational conglomerate has been marked by a diverse portfolio that spans the entire real estate value chain. This includes a presence in the hospitality industry, which includes its Momentus signature hospitality brand.
它向跨國企業集團的擴張以涵蓋整個房地產價值鏈的多元化投資組合爲標誌。這包括在酒店業的影響力，其中包括其Momentus標誌性酒店品牌。
This transaction marks Acrophyte's inaugural venture into Reit management, and it leverages the combined managerial experience and credentials with its affiliate, SingHaiyi Group, which is also an established real estate company.
該交易標誌着Acrophyte首次涉足房地產投資信託基金管理領域，它利用了與其子公司SingHaiYi集團的綜合管理經驗和資格，後者也是一家知名房地產公司。
ARA H-Trust provided a Q1FY24 (ended Mar 31) business update on May 3.
ARA H-Trust 於 5 月 3 日提供了 Q1FY24（截至 3 月 31 日）業務最新情況。
On a year-on-year basis, gross revenue, gross operating profit, and net property income rose by 0.2 per cent, 2.1 per cent and 1.1 per cent, respectively.
總收入、總營業利潤和淨房地產收入同比分別增長0.2％、2.1％和1.1％。
The performance demonstrated its stable and resilient portfolio in the face of high interest rates and inflation. The managers expect continuing recovery in the US lodging market, supported by strong consumer spending and a robust job market.
面對高利率和通貨膨脹，該表現表明了其穩定而有彈性的投資組合。經理人預計，在強勁的消費者支出和強勁的就業市場的支持下，美國住宿市場將持續復甦。
Wilmar International
豐益國際
On May 30, Wilmar International chairman and CEO Kuok Khoon Hong increased his deemed interest in the global agri-business by 1,757,900 shares at an average price of S$3.10 per share. This increased his total interest from 13.98 per cent to 14.01 per cent. Kuok has been gradually increasing his total interest in Wilmar from 12.94 per cent in October 2022.
5月30日，豐益國際董事長兼首席執行官郭昆洪將其對全球農業綜合企業的認定權益增加了1,757,900股，平均價格爲每股3.10新元。這使他的總利息從13.98％增加到14.01％。郭一直在逐步增加對豐益的總興趣，從2022年10月的12.94％逐漸增加。
On May 30, Wilmar's executive and non-independent director Teo La-Mei also acquired 10,000 shares at S$3.10 per share. This increased her direct interest to 1.75 million shares, which represents 0.03 per cent of the company. Teo is the group legal counsel and company secretary.
5月30日，豐益的執行兼非獨立董事張拉梅也以每股3.10新元的價格收購了1萬股股票。這使她的直接權益增加到175萬股，佔該公司的0.03％。Teo是集團法律顧問兼公司秘書。
Raffles Medical Group
萊佛士醫療集團
Between May 23 and 29, Raffles Medical Group executive chairman Loo Choon Yong acquired 1.55 million shares at an average price of S$1.029 per share. This increased his total interest from 54.20 per cent to 54.29 per cent. Since late February, Dr Loo has been gradually increasing his total interest in the stock from 53.02 per cent.
5月23日至29日期間，萊佛士醫療集團執行董事長盧春勇以每股1.029新元的平均價格收購了155萬股股票。這使他的總利息從54.20％增加到54.29％。自2月下旬以來，盧博士一直在逐步增加其對該股的總權益從53.02％。
Raffles Medical Group currently maintains a presence in 14 cities and five countries. At its FY23 AGM on Apr 26, it relayed its goal to deliver improved results for FY24, building on its reputation as a reliable healthcare service provider, as well as improving operational leverage and efficiency.
萊佛士醫療集團目前在14個城市和5個國家開展業務。在4月26日的23財年股東大會上，該公司重申了其目標，即在作爲可靠的醫療服務提供商的聲譽基礎上，在24財年取得更好的業績，並提高運營槓桿率和效率。
Jardine Cycle & Carriage
怡和自行車與馬車
Between May 27 and 28, Jardine Cycle & Carriage group finance director Amy Hsu purchased 10,000 shares at an average price of S$27.43 per share. This was her first acquisition via a market transaction since she was appointed to the position in August 2022. Hsu oversees the group's portfolio investments and leads financial strategy and planning, treasury, tax, risk management and investor relations.
5月27日至28日期間，怡和自行車集團財務董事徐艾米以每股27.43新元的平均價格購買了10,000股股票。這是她自2022年8月被任命擔任該職位以來首次通過市場交易進行收購。Hsu 負責監督集團的投資組合，領導財務戰略和規劃、財務、稅務、風險管理和投資者關係。
On Apr 29, Jardine Cycle & Carriage released an interim management statement for its Q1FY24 (ended Mar 31). The group maintains 50.1 per cent ownership of prominent Indonesian group, Astra, which contributed 93 per cent to its FY23 revenue.
4月29日，怡和運輸發佈了其 Q1FY24（截至3月31日）的臨時管理聲明。該集團持有印度尼西亞著名集團阿斯利康50.1％的所有權，該集團爲其23財年收入貢獻了93％。
For Q1FY24, Astra's financial overview indicated a mixed performance across its divisions with a 5 per cent decline in underlying profit, excluding fair value adjustments from its equity investments. Its car and motorcycle sales declined due to subdued economic conditions.
對於 Q1FY24，阿斯利康的財務概覽顯示，其各部門的表現喜憂參半，不包括股票投資的公允價值調整，基礎利潤下降了5％。由於經濟狀況疲軟，其汽車和摩托車銷量下降。
The financial services division saw an uptick in earnings thanks to an expanded loan portfolio. The agri-business division was supported by increased crude palm oil sales, while the infrastructure and logistics division also reported higher earnings from greater toll revenue.
由於貸款組合的擴大，金融服務部門的收益有所增加。農業綜合業務部門得到了棕櫚原油銷售增長的支持，而基礎設施和物流部門也報告說，通行費收入的增加帶來了更高的收益。
The heavy equipment and mining division faced a downturn because of falling coal prices. Jardine Cycle & Carriage maintains a diverse portfolio in South-east Asia, extending beyond its interests in Astra. Its regional interests include investments in Vietnam's automotive leader Thaco, power and utility specialist REE, regional cement provider Siam City Cement, and dairy producer Vinamilk.
由於煤炭價格下跌，重型設備和採礦部門面臨衰退。Jardine Cycle & Carriage在東南亞擁有多元化的投資組合，不僅限於其在阿斯利康的權益。其地區利益包括對越南汽車領導者泰科、電力和公用事業專家REE、區域水泥供應商暹羅城市水泥和乳製品生產商Vinamilk的投資。
Additionally, the group has a presence in the automotive retail sector with dealerships in Singapore, Malaysia, Myanmar, and Indonesia through Tunas Ridean.
此外，該集團在汽車零售領域開展業務，通過Tunas Ridean在新加坡、馬來西亞、緬甸和印度尼西亞設有經銷商。
LHT Holdings
LHT 控股公司
Between May 24 and 30, LHT Holdings managing director, Yap Mui Kee, acquired 113,700 shares at an average price of S$1.059 per share. With a consideration of S$120,450, this took her direct interest in the home-grown pallet manufacturer from 17.79 to 18 per cent.
5月24日至30日期間，LHT Holdings董事總經理葉梅記以每股1.059新元的平均價格收購了113,700股股票。以120,450新元的對價，這使她對這家本土托盤製造商的直接興趣從17.79％上升到18％。
Yap has gradually increased her direct interest in LHT Holdings from 14.12 per cent in August 2021.
Yap已從2021年8月的14.12％逐漸增加了對LHT Holdings的直接權益。
Plato Capital
柏拉圖資本
On May 27, Plato Capital chairman and non-executive non-independent director Lim Kian Onn acquired 50,000 shares at an average price of S$2.12 per share.
5月27日，柏拉圖資本董事長兼非執行非獨立董事林建安以每股2.12新元的平均價格收購了5萬股股票。
With a consideration of S$106,000, the married deal increased his deemed interest in the investment group from 82.14 per cent to 82.55 per cent. His preceding acquisition was on Apr 12, with 283,000 acquired shares at S$2.21 per share.
以10.6萬新元的對價，這筆已婚協議將他在該投資集團的認定權益從82.14％提高到82.55％。他的上一次收購是在4月12日，以每股2.21新元的價格收購了28.3萬股股票。
Lim founded the Libra Capital Group in 1994 and co-founded the holding company, ECM Libra Group in 2002. The latter is listed on the main market of Bursa Malaysia Securities.
林於1994年創立了天秤資本集團，並於2002年共同創立了控股公司ECM Libra集團。後者在馬來西亞證券交易所的主要市場上市。
Geo Energy Resources
地質能源資源
On May 24, Geo Energy Resources non-executive and independent director David Yan Kin Pung bought 120,000 shares at an average price of S$0.31 per share.
5月24日，Geo Energy Resources非執行兼獨立董事大衛嚴健鵬以每股0.31新元的平均價格購買了12萬股股票。
This was his first acquisition via a market transaction since he was appointed to the board in November 2023.
這是他自2023年11月被任命爲董事會成員以來首次通過市場交易進行收購。
Yan's extensive experience in banking, corporate finance, public listings, capital market bond issues, mergers and acquisitions, project development, and general management spans more than 37 years. He is also presently the senior vice-president of corporate finance at ChemOne Holdings, a petrochemical and natural resources group with interests across South-east Asia.
嚴在銀行、企業融資、公開上市、資本市場債券發行、併購、項目開發和綜合管理方面擁有超過37年的豐富經驗。他目前還是ChemOne Holdings的企業融資高級副總裁。ChemOne Holdings是一家石化和自然資源集團，在東南亞擁有權益。
On May 9, Geo Energy Resources reported Q1FY24 (ended Mar 31) quarterly revenue of US$99 million, marking a 25 per cent decline from Q1FY23.
5月9日，Geo Energy Resources報告稱，Q1FY24（截至3月31日）季度收入爲9900萬美元，比 Q1FY23 下降了25％。
This was primarily attributed to the fall in ICI4 coal prices, which averaged US$57.23 per tonne in Q1FY24, down from US$76.60 per tonne in Q1FY23.
這主要歸因於ICI4煤炭價格的下跌，Q1FY24 的平均價格爲每噸57.23美元，低於 Q1FY23 的每噸76.60美元。
Seasonal weather conditions impacted production volumes, resulting in 1.8 million tonnes of coal sales in Q1FY24, distributed across the Tanah Bumbu Resources, Sungai Danau Jaya, and Triaryani coal mines.
季節性天氣影響了產量，導致 Q1FY24 的煤炭銷量達到 180 萬噸，分佈在丹那邦布資源、雙溪達瑙再也和特里亞尼煤礦。
Despite this, the group remains optimistic about meeting its annual sales target of 10 million to 11 million tonnes, anticipating increased sales in H2FY24.
儘管如此，該集團仍對實現其1000萬至1100萬噸的年度銷售目標持樂觀態度，預計 H2FY24 的銷售額將增加。
Inside Insights is a weekly column on The Business Times, read the original version.
Inside Insights 是《商業時報》的每週專欄文章， 讀 原始版本。
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譯文內容由第三人軟體翻譯。