Stocks to watch: Roxy-Pacific, Dasin Retail Trust, Jumbo

THE following companies saw new developments that may affect trading of their securities on Tuesday:

E8Z: The property player's indirect associate Mequity Hills has entered into an agreement to acquire a 999-year leasehold residential site at 11 Institution Hill for S$23 million, financed by a combination of internal funding and bank borrowings. It will be amalgamated with another 999-year leasehold residential site to create an estimated total land area of 14,300 square feet (sq ft) with a total gross floor area of 40,040 sq ft for residential development. Shares of Roxy-Pacific closed at 35.5 Singapore cents on Monday, up 0.5 cent or 1.4 per cent.

CEDU: The trust's revenue for its full portfolio for the first fiscal quarter of 2021 ended March rose 87.4 per cent on a year-on-year basis. Revenue from four of the trust's malls, excluding new acquisitions, had also recovered to 94 per cent of pre-pandemic levels in Q1 FY2021. China's total retail sales of consumer goods for Q1 was up by 33.9 per cent year on year, the first positive growth in the country since August 2020, the trustee-manager said. Units in Dasin Retail Trust closed at 71.5 Singapore cents on Monday, down 1.4 per cent or one Singapore cent.

42R: The group announced on Monday that it will be opening two new food and beverage outlets for its brands Tsui Wah and Kok Kee Wanton Noodle, even in the midst of Singapore's current Covid-19 restrictions where dining-in is not allowed. The counter closed flat on Monday at S$0.33.