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Stocks to watch: Rickmers, CapitaLand, FCL

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Rickmers Maritime Trust requested for a trading halt on Wednesday pending an update on the outcome of a formal meeting today.

THE following stocks had announcements that could affect trading activity on Wednesday:

Rickmers Maritime Trust requested for a trading halt on Wednesday pending an update on the outcome of a formal meeting today.

At the meeting, noteholders will vote on the proposed restructuring of its S$100 million notes - this includes a part debt to equity conversion and extension of maturity - in relation to the consent solicitation exercise launched last month by the beleaguered firm.

Before trading hours, CapitaLand issued its third quarter report card; the real estate stalwart posted a 28.4 per cent rise in quarterly net profit to S$248 million on the back of a 27.7 per cent jump in revenue to S$1.4 billion.

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Frasers Centrepoint (FCL) reported a 12 per cent drop in attributable profit to S$480 million for the full year ended September 2016 on the back of a 3.4 per cent fall in revenue to S$3.4 billion.

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