Stocks to watch: Jumbo, SMI Vantage, MNACT, IHH Healthcare

THE following companies saw new developments that may affect trading of their securities on Thursday (Nov 25):

Jumbo Group: 42R The seafood restaurant operator on Wednesday (Nov 24) said its net loss widened to S$11.8 million for its full year ended Sep 30, 2021, from S$8.2 million a year ago. This was mainly due to the challenging operating environment amid Covid-19 restrictions, particularly in Jumbo's biggest market Singapore. Shares of Jumbo closed flat at S$0.305 on Nov 24, before the release of the results.

Mapletree North Asia Commercial Trust: RW0U The trust has entered into a settlement agreement with insurers on the damage to its Festival Walk mall in Hong Kong during pro-democracy protests in 2019. The total settlement amount agreed was HK$334.3 million (S$58.3 million). Units of the trust closed S$0.03 or 2.9 per cent higher at S$1.05 on Wednesday.

IHH Healthcare: Q0F The Malaysian healthcare group said in response to a Bloomberg report that it has made "no definitive decisions" on its investments in China, while acknowledging that "discussions on the strategic directions" have been ongoing. The report said on Monday (Nov 22) that the group is considering selling its China unit Parkway China in a deal that could fetch as much as US$1 billion. The counter closed S$0.01 or 0.5 per cent higher at S$2.17 on Wednesday.

SMI Vantage: Y45 The watch-listed company is acquiring 3,000 crypto mining machines from NBTC Limited, a wholly-owned subsidiary of China-headquartered tech firm The9, in a deal amounting to 3.3 million yuan or S$705,000. Shares of SMI Vantage closed S$0.012 or 11.5 per cent lower at S$0.092 on Wednesday, before the announcement.

LHN Limited: 41O The property player applied to the Hong Kong Stock Exchange to spin off and separately list the shares of LHN Logistics on the Catalist board of the Singapore Exchange, it said in a bourse filing on Wednesday. The counter closed flat at S$0.355, before the announcement.