Stocks to watch: SPH, ComfortDelGro, Del Monte, Marco Polo, Oxley, Q&M, Dasin Retail

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

Singapore Press Holdings T39 (SPH): The group will hold a virtual extraordinary general meeting at 2:30pm on Sept 10 to seek shareholders' approval on its proposed restructuring and formation of a new constitution, it announced on Tuesday morning. Shares of SPH closed Monday unchanged at S$1.89.

ComfortDelGro C52: The mainboard-listed transport operator is looking to list its wholly-owned subsidiary ComfortDelGro Corporation Australia on the Australian Securities Exchange. In its press statement on Monday, the company said the initial public offering, which is planned for the last quarter of 2021, will unlock the value of the group's land transport business assets in Australia. Following the announcement, shares of ComfortDelGro closed 3.1 per cent or S$0.05 higher at S$1.67 on Monday.

Del Monte Pacific D03: Its Philippine unit Del Monte Philippines (DMPI) has entered into a joint venture with Vietnam Dairy Products (Vinamilk) to expand into the dairy sector. The joint venture will import dairy products from Vinamilk, and market and distribute them in the Philippines through DMPI. Shares of Del Monte closed at 35 Singapore cents on Monday, down 0.5 cent or 1.4 per cent.

Marco Polo Marine 5LY: The integrated marine logistics company's revenue for the nine months ended June 30 has outpaced its FY2020 full-year revenue of S$30.8 million. This was driven by strength in both shipyard and ship chartering segments, the group said in a voluntary operational update filed on Monday. Its shares fell 0.2 Singapore cent or 7.4 per cent to close at 2.5 cents on Monday, before the announcement.

Oxley Holdings 5UX: On Monday, the property developer said it secured S$4.3 billion in sales for its development projects in Singapore. Around 91 per cent of its residential units here have been sold as at Aug 8, 2021, representing 87 per cent of the total gross development value. Prior to the announcement, shares of Oxley Holdings fell one Singapore cent or 4.3 per cent to close at 22.5 cents on Monday.

Q&M Dental Group QC7: The dental healthcare group is proposing a bonus issue on the basis of one bonus share for every five existing shares held. In its bourse filing on Monday, Q&M Dental said the exercise is to increase the issued share capital base of the company, reflecting the growth and expansion of its business. Q&M shares fell four Singapore cents or 4.7 per cent to close at 81.5 cents on Monday, before the announcement.

Dasin Retail Trust CEDU: In response to several queries from the Singapore Exchange, its management on Monday said the trust's business fundamentals are "reasonably sound" throughout the protracted Covid-19 crisis. It expects to generate sufficient cashflow to meet working capital needs. Units of Dasin Retail Trust closed S$0.01 or 1.9 per cent lower at S$0.51 on Monday, before the response was filed.

Trading halt: Catalist-listed Accrelist QZG on Tuesday morning requested a trading halt, pending the release of an announcement.