Good morning moomooers! Here are things you need to know about today's Singapore:

• Singapore stocks climbed up at Thursday's open; STI up 0.54%
  

• Hongkong Land CFO to step down by end-August 2021

• Stocks to watch: SIIC, SIA, ST Engineering, CDL, Unusual, Chip Eng Seng, SingHaiyi, CSE Global

-Moomoo News SG

Market Trend

Singapore stocks climbed up at Thursday's open. $FTSE Singapore Straits Time Index(.STI.SG)$ increased 0.54 per cent or 16.85 points to 3121.06 as at 9.05 am. Advancers / Decliners is 140/ 57, after 257.53 million securities worth S$215.88 million changed hands.

Breaking News

Hongkong Land CFO to step down by end-August 2021

$HongkongLand USD(H78.SG)$ chief financial officer (CFO) Simon Dixon has decided to step down from his role at the end of August 2021 to return to Australia, the group said on Thursday in a bourse filing.

He will be succeeded by Craig Beattie, the CFO of Mandarin Oriental International, a member of Jardine Matheson. Mr Beattie's new appointment will take effect on Sept 1.

SIIC bags wastewater treatment contract in Baoqing, China

$SIIC Environment(BHK.SG)$ on Thursday said its indirect 58 per cent-owned subsidiary has signed a supplementary agreement for the upgrading and expansion of a wastewater treatment project in Baoqing, Heilongjiang province in China.

In a bourse filing before markets opened, the mainboard-listed wastewater treatment company said the project has a designed capacity of 20,000 tonnes per day with the discharge standard upgrading from Class I Standard B to Class I Standard A.

Stocks to watch

$SIIC Environment(BHK.SG)$: The mainboard-listed firm on Thursday said its indirect 58 per cent-owned subsidiary had signed a supplementary agreementfor the upgrade and expansion of a wastewater treatment project in Baoqing, Heilongjiang province in China. The group has also recently commenced commercial operations on seven other wastewater treatment projects with a total capacity of 250,000 tonnes. SIIC closed on Wednesday down 1.5 Singapore cents or 6.7 per cent at 21 cents.

$SIA(C6L.SG)$: The carrier clocked a smaller year-on-year quarterly loss of S$661.7 millionfor the fourth quarter to March, but is proceeding with the issuance of additional mandatory convertible bonds to raise a further S$6.2 billion. For FY2021 ended March 31, it chalked up a record net loss of S$4.27 billion in the "toughest year in its history", said SIA in a financial results filing on Wednesday. The counter closed 3.3 per cent or S$0.16 lower at S$4.70, leading the decline on the Straits Times Index on Wednesday, before the announcement of the financial results and the issuance of additional mandatory convertible bonds.

$ST Engineering(S63.SG)$: The engineering conglomerate on Wednesday announced that its aviation asset-management unit has signed a letter of intentto lease up to five Airbus A321 Passenger-to-Freighter aircrafts to Global Crossing Airlines. Subject to the signing of definitive agreements, ST Engineering will acquire, finance and maintain the aircrafts during the lease duration. Its shares ended Wednesday at S$3.77, down 1.3 per cent or S$0.05.

$CityDev(C09.SG)$: The group and its joint venture associates sold 319 units with a total sales value of S$513.6 millionin the first quarter of 2021 ended March 31, a 72 per cent increase from a year ago, where it sold 185 units with a total sales value of S$278.1 million. Across the Singapore office and retail portfolios, committed occupancy came in above island-wide occupancy, but global occupancy for its hotels fell year on year. CDL has been planning to list a real estate investment trust, which may see the inclusion of HSBC Holdings' London headquarters building, if Qatar Investment Authority's talks pan out. The counter closed at S$7.39, down S$0.14 or 1.9 per cent on Wednesday.

$UnUsUaL(1D1.SG)$: The Catalist-listed company is expected to record a net loss for FY2021compared with a net profit a year ago. In a profit guidance on Wednesday after trading hours, Unusual, mm2 Asia's events production unit, said that it was hit by Covid-19, given that large-scale live events and concerts in Singapore and the region have been suspended or scaled down. The counter closed at 17.5 Singapore cents on Wednesday, up 0.2 cent or 1.2 per cent, prior to the announcement.

$Chip Eng Seng(C29.SG)$, $SingHaiyi(5H0.SG)$: Chip Eng Seng's wholly-owned subsidiary, CEL Development, together with joint venture (JV) partners SingHaiyi Investments and Hong Kong-listed Chuan Investments, has incorporated two JV companies Maxwell Residential and Maxwell Commercial, Chip Eng Seng announced on Wednesday after trading hours. Each JV company has an issued and paid-up share capital of S$10. CEL Development will hold a 40 per cent stake in the JV, with SingHaiyi and Chuan Investments each holding a 30 per cent stake. Shares of Chip Eng Seng closed down by 0.5 Singapore cent, or 1.1 per cent, at 43.5 Singapore cents on Wednesday. Shares of SingHaiyi closed 2.9 per cent or 0.2 Singapore cent down at 6.6 cents.

$CSE Global(544.SG)$: It reported earnings before interest, taxes, depreciation and amortisation of S$10 million for the first fiscal quarter ended March, down 22.3 per centfrom S$12.9 million from last year, which the company attributed to lower gross profits and an increase in unallocated personnel costs from lower labour utilisation caused by lower business activity. In its interim business update on Wednesday, the company said revenue for the quarter fell 15.7 per cent to S$111.2 million from S$131.8 million in the year-ago period. Shares of CSE Global closed at 51.5 Singapore cents on Wednesday, down 1 per cent or 0.5 cent.

Trading halt: $Mapletree Ind Tr(ME8U.SG)$ requested a trading halt on Thursday morning before market open, pending an announcement. The counter closed flat at S$2.76 on Wednesday.