4 Singapore Stocks to Watch for in November

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It is not an easy process to select suitable stocks for investment.

As the earnings season is now in full swing, one method you can use is to review the latest earnings and business updates.

You can then take your pick of either blue-chip names or a smattering of REITs.

Another method is to look for corporate or business developments to demonstrate how the company is growing its business.

Such events could be important catalysts for business growth in the future.

We feature four Singapore stocks that you can keep your eye on for this month.

Manulife US REIT (SGX: BTOU)

Manulife US REIT, or MUST, announced that it secured a 65-month renewal for its largest tenant at its 1100 Peachtree property in midtown Atlanta, Kilpatrick Townsend.

This tenant is also MUST’s fourth-largest tenant within its portfolio.

Kilpatrick has been a major tenant since 1992 and takes up around a third of the net lettable area at 1100 Peachtree.

The tenant’s lease was set to expire on 31 July 2025 but has now been renewed till 31 December 2030.

MUST is also renovating the ground floor and common spaces of the building as part of an asset enhancement initiative (AEI).

This AEI will be completed in 2025 and is expected to cost around US$18 million.

Meanwhile, the manager continues to engage with MUST’s lenders on its recent financial covenant breach.

Because of this breach, MUST is unable to pay out any distributions for now.

Sembcorp Industries Ltd (SGX: U96)

Sembcorp Industries, or SCI, is an energy and urban solutions provider with a balanced energy portfolio of 19.4 GW and a project portfolio spanning more than 13,000 hectares across Asia.

Last week, SCI signed a non-binding memorandum of understanding (MOU) to explore the potential retrofitting of Sembcorp’s Sakra power plant in Singapore with ammonia-firing capabilities.

If successful, this project will help the group generate low-carbon energy from its existing power plants and bolster confidence in the development of an ammonia value chain in Singapore.

This collaboration ties in with SCI’s Investor Day goal of leveraging partners to accelerate its goals of achieving a higher proportion of renewable energy within its portfolio and to lower its carbon footprint.

Meanwhile, the group also announced that the Energy Market Authority (EMA) has granted conditional approval to import 1.2 GW of electricity from Vietnam to Singapore.

SCI will be working with PetroVietnam Technical Services to develop offshore wind farms that could commence operations as soon as 2033 subject to approvals.

Elsewhere, the utility group has teamed up with Indonesia state-owned Persero to explore the feasibility of green hydrogen production in Indonesia for export to Singapore.

This project, which could be Indonesia’s first green hydrogen export to Singapore, will use locally sourced renewable energy to produce up to 100,000 tonnes of green hydrogen per annum in a facility which will then be piped to Singapore via a subsea pipeline.

CapitaLand Investment Limited (SGX: 9CI)

CapitaLand Investment Limited, or CLI, is a leading global real estate investment manager with S$134 billion of property assets under management and S$89 billion of funds under management as of 30 June 2023.

CLI’s wholly-owned lodging business unit, The Ascott, unveiled its new Crest Collection with three openings in Singapore, Malaysia, and Indonesia, within three months.

Along with these openings, The Robertson House by The Crest Collection was recently launched on 14 October as the newest hotel at Robertson Quay.

The Crest Collection is also gaining recognition in Europe with the 230-unit The Cavendish London undergoing a one-year renovation next year with a target to reopen by the fourth quarter of 2025 (4Q 2025).

Ascott also signed a 171-unit property to expand into Bucharest, Romania with the property scheduled to open in 3Q 2025.

Finally, the 204-unit Citadines Saint-Germain-des-Pres Paris in France will be converted into a property under The Crest Collection for launch in 2026.

SATS Ltd (SGX: S58)

SATS offers gateway services and food solutions for airlines, food service chains, retailers, and institutions.

The blue-chip group has customers in over 210 locations and 27 countries across Asia, Europe, the UK, the Middle East and the US.

SATS has signed an MOU with Kuehne+Nagel (K&N) (SWX: KNIN) to collaborate to drive value chain improvements and sustainability efforts within the air logistics industry.

Both parties will co-develop and implement solutions for customers throughout Asia, Europe, and North America.

The initial proof of concepts has produced tangible results such as time savings and also helped to reduce touchpoints for K&N shipments at SATS’ airside facilities.

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Disclosure: Royston Yang does not own shares in any of the companies mentioned.

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