Stocks to watch: CapitaLand Investment, Frasers Property, Golden Agri-Resources, Cromwell E-Reit

THE following companies saw new developments that may affect trading of their securities on Thursday (May 12):

CapitaLand Investment (CLI): The real estate investment manager on Thursday posted a 16 per cent growth on year in revenue to S$598 million for its first quarter ended Mar 31, 2022, amid a healthy growth in fee-related earnings from its fund and lodging management businesses. Shares of CLI closed up S$0.07 or 1.8 per cent at S$3.88 on Wednesday.

Frasers Property: The property developer on Thursday posted a 42.7 per cent drop in net profit to S$158 million for the first half ended Mar 31, from S$275.8 million in the year-ago period. If the group excludes the impact of the gain on the change in use recorded in H1 2021, its net profit for the period would be S$22.5 million, resulting in a net profit gain of 603.1 per cent for H1 2022. Shares of mainboard-listed Frasers Property closed 0.9 per cent or S$0.01 higher at S$1.09 on Wednesday.