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

• Singapore stocks open lower on Wednesday; STI down 0.2%

• Analysts positive on restructuring CapitaLand

• Manulife US REIT obtains US$250 million sustainability-linked loan from DBS and OCBC

• OUE Commercial REIT to upsize senior secured facilities to $978 mil

• Stocks to watch: Manulife US Reit, OUE, OUELH, Hong Leong Finance, Sanli

-Moomoo News SG

Market Trend

Singapore stocks open lower on Wednesday, following Wall Street's weak lead overnight.

The benchmark $FTSE Singapore Straits Time Index(.STI.SG)$ fell by 0.2 per cent or 5.1 points to 3,126.64 as at 9.02 am. Decliners outnumbered advancers 71 to 67 after 56.5 million securities worth S$133.7 million changed hands.

Breaking News

Analysts positive on restructuring CapitaLand

Analysts have no qualms on CapitaLand's proposed restructuring that will see the company's property development business taken private, but its fund management and lodging businesses remain listed.

RHB Securities has reiterated its 「buy」 recommendation for the stock with a higher target price of $4.25 from $3.75 previously.

CGS-CIMB Research, too, has kept its 「add」 rating for the stock with a higher target price of $4.04 from $3.42 previously.

Meanwhile, OCBC Investment Research has retained its 「buy」 call for the stock with a fair value of $4.03.

Manulife US REIT obtains US$250 million sustainability-linked loan from DBS and OCBC

Manulife US REIT (MUST) has obtained a US$250 million ($335.7 million) unsecured sustainability-linked loan from DBS and OCBC Bank, with both banks acting as sustainability advisors for the transaction.

OUE Commercial REIT to upsize senior secured facilities to $978 mil

The trustees of OUE Commercial REIT and OUE Hospitality Sub-Trust, DBS Trustee and RBC Investor Services Trust Singapore, have exercised the greenshoe option on the facility agreement dated Dec 14, 2020.

Stocks to watch

$ManulifeReit USD(BTOU.SG)$: The manager on Wednesday said the Reit has obtained a five-year US$250 million unsecured sustainability-linked loan from DBS and OCBC. The loan will be used for general corporate and working capital purposes, including refinancing existing loan facilities in connection with the Reit's green buildings. Manulife US Reit units closed at 71.5 US cents on Tuesday, down 0.5 cent or 0.7 per cent.

$OUE(LJ3.SG)$, $OUE Lippo HC(5WA.SG)$: Real estate group OUE on Tuesday said it has signed a share purchase agreement with Tokyo-listed Itochu Corporation to purchase about 266.6 million shares, or a 6 percent stake, in Catalist-listed OUELH for about S$27.7 million in cash, equivalent to S$0.10375 per share. Before the announcement, shares of OUE closed up 1.8 per cent or S$0.02 to close at S$1.16 on Tuesday while shares of OUELH closed at 4.1 Singapore cents, up 5.1 per cent or 0.2 cent.

$Hong Leong Fin(S41.SG)$: The finance company is the latest among Singapore lenders looking to take a bite of the green car loan pie, turning its attention to vehicle rental companies, with a 1.5 percent per annum vehicle-green loan. Shares of Hong Leong Finance closed down 0.4 percent or S$0.01 at S$2.41 on Tuesday.

$Sanli Env(1E3.SG)$: The environmental engineering group on Tuesday said operations at its 60 percent owned subsidiary, Sanli Environmental (Myanmar), have been disrupted due to the political situation and that it is still too early to ascertain the longer-term impact on the group's businesses. Sanli's shares last traded at 5.5 Singapore cents on Friday.

$Darco Water Tech(BLR.SG)$: The water and waste water treatment solutions group said in a filing on Tuesday that Robert Wang Zhi has stated his desire to retire from his directorship and as deputy chairman, and will not seek a re-election at the next annual general meeting. Shares of Darco last closed at S$0.19 on March 17.

$FSL Trust(D8DU.SG)$: The manager of the trust has completed the disposal of the vessel FSL Osakato an unaffiliated third party at book value, and has realised net sale proceeds of about US$10.7 million. Shares of First Ship Lease Trust closed flat at 8.5 Singapore cents on Tuesday.

$OUE Com Reit(TS0U.SG)$: The manager of OUE Commercial Reit on Tuesday said that its trustees have exercised the greenshoe option on its facility agreement dated December 2020 to upsize the senior secured facilities from S$900 million to S$978 million. Units of OUE Commercial Reit fell 1.3 percent or 0.5 Singapore cent to close at S$0.39 on Tuesday.