Stocks to watch: SIA, FLCT
I'm LongbridgeAI, I can summarize articles.On January 21, Singapore Airlines (SIA) announced the launch of S$500 million notes due 2036 at a fixed interest rate of 2.7% per annum, with shares closing 0.5% higher at S$6.40. Frasers Logistics and Centrepoint Trust (FLCT) will hold an annual general meeting on January 26, 2026, to address unitholder queries regarding management fees paid in units, which may dilute unit prices. FLCT shares rose 1% to S$1.04 before the announcement.
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Jan 21):
Singapore Airlines (SIA) : The national carrier on Tuesday announced that it launched and priced S$500 million in aggregate principal amount of notes due 2036. The notes, which are under the national carrier’s S$10 billion Multicurrency Medium Term Note Programme, will carry a fixed interest rate of 2.7 per cent per annum. They are expected to be issued on Jan 30. Shares of SIA closed 0.5 per cent or S$0.03 higher at S$6.40, before the announcement.
Frasers Logistics and Centrepoint Trust (FLCT) : The manager of the trust on Tuesday said that it will hold an annual general meeting on Jan 26, 2026, to respond to recent queries from unitholders. Some of these questions included why management fees were paid in units instead of cash, which could lead to the dilution of new units and cause a drop in unit prices. The response from the manager noted how paying a portion of fees in units preserves the trust’s cash for distributions to unitholders, and for “growth opportunities”. The counter ended 1 per cent or S$0.01 higher at S$1.04 prior to the news.