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Stocks to watch: IReit, YuuZoo, Yoma, Noble

Tuesday, March 17, 2015 - 08:40

IREIT Global hopes to double its asset size and net lettable area in the next 12 to 18 months, CEO of the Reit manager Itzhak Sella told The Business Times in an interview. IReit adopts an "ABBA" investment strategy, investing in "A" assets in "B" (second-tier) cities and "B" assets in "A" (first-tier) cities.

Social media company YuuZoo Corporation on Tuesday announced that it has launched a localised version of its virtual shopping mall in Turkey through a joint venture with a local partner.

Myanmar property play Yoma Strategic Holdings announced some changes to key management on Monday. Both its group general manager and co-head of real estate have resigned to "pursue personal interests".

Noble Group shares slipped on Monday after Iceberg Research said it would issue a third report this week to raise questions about the commodity trader's governance, debt and liquidity buffer.

Hotel Properties disclosed that its Holiday Inn Resort Vanuatu in Port Vila was damaged by Cyclone Pam on March 13.

Chinese shipbuilder Jes International, which is restructuring its business and has suspended trading of its shares, announced on Monday that CEO and chairman Jin Xin has resigned.

An oversupply of rigs amid a prolonged oil slump could mean stormy seas for Singapore shipyards over the next two years, brokerage KGI Fraser said in a report on Monday as it initiated coverage on the sector with an "underweight" rating.

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