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Stocks to watch: Noble Group, Cambridge Industrial Trust, S-Reits

Monday, March 23, 2015 - 08:33

NOBLE Group on Monday said it will start legal proceedings against Hong Kong resident Arnaud Vagner, Enlighten Ace Ltd, a Seychelles company, and any associates, at the Hong Kong High Court "for conspiracy to injure Noble Group".

THE manager of Cambridge Industrial Trust (CIT) said on Monday that RBC Investor Services Trust Singapore Limited, in its capacity as trustee of CIT, has agreed to buy the remaining 40 per cent it does not own of Cambridge SPV1 LLP for S$11 million. The stake in Cambridge SPV1 LLP - which holds an industrial property at 3 Tuas South Avenue 4 - will be purchased from Oxley Projects Pte Ltd.

SINGAPORE Reits offer value against their Hong Kong and US peers, said Pearly Yap, a portfolio manager with Eastspring Investments, in an interview with The Business Times. But the depreciating Singapore dollar, and too many leveraged private clients in local Reits in the face of an interest rate hike, are causes for concern.