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Stocks to watch: Noble, CDL, GuocoLand
THESE stocks had news over the weekend that may influence trading on Monday.
Noble Group: The commodities trader has agreed to sell an energy unit in the United States, Noble Americas Energy Solutions, to Calpine Corp for US$1.05 billion comprising US$800 million and the repayment of working capital of US$248 million, it said in a Singapore Exchange filing on Monday morning.
City Developments Limited (CDL): CDL, Hong Leong Holdings and TID have sold 337 units at the 519-unit Forest Woods condo in Lorong Lew Lian near Serangoon MRT Station and Nex shopping mall at a S$1,400 per square foot net average price, after an early-bird discount of S$6,000 to S$12,000 during the weekend launch.
GuocoLand: Tech and media companies account for 37 per cent of the space that has already been committed at Guoco Tower in Tanjong Pagar, property developer GuocoLand said.