{
  "id": 2046958,
  "title": "Stocks to watch: OCBC, Sats, Kimly",
  "url": "https://urgent.news/2026/08/20/stocks-to-watch-ocbc-sats-kimly",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-20T00:24:38.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/stocks-watch-ocbc-sats-kimly"
  },
  "original_language": "en",
  "account": "On Thursday, OCBC announced pricing for £1 billion in floating rate covered bonds due in 2029. These bonds will accrue interest based on the compounded daily Sterling Overnight Index Average rate, with an additional 0.48 percent per annum. The bonds are set to be issued on August 26 and will be listed on the Singapore Exchange (SGX) on August 27. OCBC's shares closed at S$30.94 on Wednesday, a slight decline of S$0.01 or 0.03 percent.\n\nSats reported a S$75.1 million net profit for the first quarter, reflecting a 6 percent increase from the previous year's S$70.9 million. The rise in net profit can be attributed, in part, to lower interest expenses. Sats' shares concluded 0.2 percent higher at S$4.77 before the earnings were revealed.\n\nTimah Partners secured a S$60 million debt facility for Japan Home, with a group of investors including UOB and RHB. The deal will help Japan Home manage its financial obligations. Meanwhile, Japan Home is closing selected outlets, with retail staff reporting that Valu$ is taking over operational responsibilities. In a related development, Marina Bay Sands' continuous success is putting pressure on its competitor, Resorts World Sentosa.",
  "summary": "[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Aug 20):",
  "key_points": [
    "OCBC issues £1 billion floating rate bonds in August",
    "Sats reports 6% Q1 profit increase to S$75.1 million",
    "Timah Partners provides S$60 million debt facility for Japan Home"
  ],
  "editors_take": "OCBC's issuance of floating rate covered bonds signals its proactive approach to managing funding needs, while Sats' profit increase and Japan Home's debt facility reflect shifting financial dynamics in their respective sectors.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}