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Stocks to watch: CDL Hospitality Trusts, GLP, Raffles Medical, debutantes ISEC Healthcare and Serrano

HERE are several stocks to watch, based on latest news developments:

CDL Hospitality Trusts, which unveiled their third-quarter results on Tuesday morning. They posted an income available for distribution per stapled security - after deducting income retained for working capital - of 2.61 Singapore cents in the third-quarter of 2014, down slightly from 2.64 Singapore cents in the same period last year.

Its net property income grew by S$0.8 million, driven mainly by increases from two of its hotels - S$1.1 million from Jumeirah Dhevanafushi and S$0.5 million from Singapore Hotel.


Global Logistic Properties (GLP), which unveiled on Tuesday initiatives to boost its fund-management platform in Brazil to US$3.7 billion, up 68 per cent.

GLP expects to receive net cash proceeds of about 926 million Brazilian real from the transfer of assets into GLP Brazil Income Partners II (GLP BIP II). These will be reinvested into developments in Brazil over time.

It will also recognise a foreign exchange loss of about US$24.6 million in the second quarter of financial year 2015, resulting from depreciation of the Brazilian real against the US dollar.


Raffles Medical Group (RMG), which reported on Monday that its net profit rose 11.3 per cent year on year to S$15.43 million for the third quarter ended Sept 30, lifted by higher revenue.

Revenue increased 11.1 per cent year on year to S$94.49 million on the back of growth in both health-care services, which grew in the double digits, and in hospital services.

Medical eye-care services provider, ISEC Healthcare, which will make its debut on Catalist on Tuesday.

The company had offered 70 million shares at 28 Singapore cents each on an all-placement basis. The group plans to use about S$13.8 million from the net proceeds for business expansion and another S$2.5 million for working capital.


Another debutante, Serrano, a homegrown provider of interior fit-out solutions for property developments and refurbishment projects, which will be listed on Catalist on Tuesday.

The company had offered 30 million shares at 23 Singapore cents each. Serrano plans to use part of the proceeds to expand in South-east Asia.