Stocks to watch: MLT, MIT, Metro, Econ Healthcare, Hatten Land, Qian Hu

THE following companies saw new developments that may affect trading of their securities on Thursday (Jan 13):

Mapletree Logistics Trust (MLT) M44U, Mapletree Industrial Trust (MIT) ME8U: The manager of MLT stated that it has no plans to merge the logistics real estate investment trust (Reit) with MIT, even as 2 other Reits from their sponsor have proposed a merger. MLT units closed S$0.01 lower at S$1.74, while MIT units fell S$0.02 or 0.8 per cent to S$2.59 on Wednesday.

Metro M01: The property player announced that it has formed a strategic tie-up with Japanese real estate player Daiwa House Industry to deepen investment collaboration in various asset classes, following the Singapore-listed group's S$41.3 million investment in Daiwa House Logistics Trust for a 7.65 per cent stake. Metro shares closed S$0.005 or 0.7 per cent lower at S$0.75 on Wednesday before the announcement.

Econ Healthcare EHG: The Catalist-listed nursing home operator has sold its entire stake in Crosstec, a Hong Kong-listed interior design firm, after shares of the latter plunged on Tuesday. Econ Healthcare expects the move to result in a loss of S$3.4 million, it said on Wednesday. Shares of Econ Healthcare closed down S$0.01 or 3.5 per cent at S$0.28 on Jan 12, before the announcement.

Hatten Land PH0 : The Catalist-listed property developer announced on Thursday that its subsidiary Hatten Edge has signed an agreement with SMI Vantage unit SMI CS, which will allow the pilot phase of its first 50 sets of crypto mining rigs to commence operations by the end of this month. Despite pointing out in December that it is facing supply chain challenges, Hatten Land now says it is on track to install and operate over 2,500 crypto mining rigs within its properties in 2022. Shares of Hatten Land closed at S$0.049, up S$0.002 or 4.3 per cent, on Wednesday.

Qian Hu BCV: The mainboard-listed fish vendor has managed to post a profit for the half year to December 2021, reversing a net loss a year ago. In a regulatory filing on Wednesday, it posted earnings of about S$863,000 for the second half of FY2021, compared to a loss of S$927,000 for H2 FY2020. Qian Hu shares closed flat at S$0.215 on Wednesday before the announcement.