Stocks to watch: IndoAgri, Creative Technology, Starhill Global Reit, Cromwell E-Reit, Japfa, Sheng Siong

THE following companies saw new developments which may affect trading of their shares on Wednesday:

IndoAgri: Mainboard-listed Indofood Agri Resources (IndoAgri) reported a 91.3 per cent dive in its third fiscal quarter earnings to 8.74 billion rupiah (S$793,264), with the agribusiness attributing the fall to poor performance in sales and profit in its plantation division arising from weak commodity prices and increase in crude palm oil (CPO) stock.

Creative Technology: Creative Technology posted a net loss of US$6.1 million for its first quarter ended Sept 30, reversing from a profit of US$22.8 million a year ago. The year-ago quarterly profit was mostly due to gains from the settlement of patent lawsuits and foreign exchange gains.