Stocks to watch: MLT, ComfortDelGro, CLCT, OCBC, GHY, LHN, IHH Healthcare

THE following companies saw new developments that may affect trading of their securities on Monday (Jan 31):

Mapletree Logistics Trust (MLT): M44U The real estate investment trust's (Reit) Q3 distribution per unit (DPU) rose 5.8 per cent year on year to S$0.02185 from S$0.02065, the Reit's manager said on Friday. An advanced DPU of S$0.01461 for the period Oct 1 to Dec 1, 2021 was paid out on Jan 12, and the remaining S$0.00724 for the period Dec 2 to Dec 31 will be paid out on Mar 22. Units of MLT closed on Friday ( Jan 28) at S$1.69 prior to the announcement, down 1.7 per cent or S$0.03.

ComfortDelGro: C52 The mainboard-listed transport operator's wholly-owned subsidiary ComfortDelGro (China) will be selling its 60 per cent stake in Nanjing ComfortDelGro Xixia Driver Training Co for 2.26 million yuan (S$500,000), the company said on Friday (Jan 28). Meanwhile, its UK acquisition of Stagecoach Group's 35 per cent stake in Scottish Citylink Coaches will be delayed, ComfortDelGro added in a separate Friday announcement. The counter closed flat at S$1.36 before the announcements.

CapitaLand China Trust (CLCT): AU8U The China-focused Reit on Monday posted a 35.1 per cent rise in DPU to S$0.045 for the second half of the year ended Dec 31, 2021, from S$0.033 in the year-ago period. This comes as the Reit reported a 86.1 per cent rise in net property income due to new acquisitions. Units of CLCT ended 1.7 per cent or S$0.02 lower at S$1.14 on Friday.

OCBC: O39 The bank on Sunday said full goodwill payouts to all victims of the recent SMS phishing scam have been arranged. Some 790 victims lost a total of S$13.7 million from Dec 23 to 31. Shares closed 0.3 per cent or S$0.04 up at S$12.42 on Friday.

GHY Culture and Media: XJB The mainboard-listed media business announced on Friday the appointment of 3 new directors with effect from Feb 1. Yingxue Zeng will be a non-executive director, while Shamsul Kamar Bin Mohamed Razali and Li Qi will be independent non-executive directors and join the board's remuneration committee. Shares closed 2.1 per cent or S$0.01 up at S$0.495 before the announcement.

LHN: 41O The Catalist-listed property company has submitted the pre-admission notification for the initial public offering of its logistics business, LHN Logistics, to the Singapore Exchange (SGX) Securities Trading, the company announced on Friday. The proposed spin-off, which has yet to be finalised, will be separately listed on the SGX Catalist board. Prior to the announcement, shares of LHN ended Friday unchanged at S$0.31.

IHH Healthcare: Q0F The mainboard-listed healthcare provider has filed to dismiss Emqore Envesecure Private Capital's lawsuit, the company announced on Friday. The lawsuit sought damages in excess of US$6.5 billion for claims relating to the share issuance of Fortis Healthcare to IHH's subsidiary in 2018. Shares of IHH ended S$2.06 on Friday, up 1 per cent or S$0.02, before the announcement.