Stocks to watch: CapitaLand India Trust, NetLink NBN Trust, Metech

THE following companies saw new developments that may affect trading of their securities on Tuesday (Nov 8):

CapitaLand India Trust (Clint): The trust has tied up with Indian property developer L&T Realty to develop nearly six million square feet of prime office space in India. The trust’s manager expects the majority of the capital commitment for the projects to start in the second half of 2024. Clint closed at S$1.12, 0.9 per cent or S$0.01 higher on Monday, after the news.

NetLink NBN Trust : Its wholly-owned subsidiary, Netlink Trust, is constructing a new central office at Sembawang Road. The total cost of the new building, including the land premium and construction of its surrounding infrastructure, is expected to be around S$120 million over the next two years. Obayashi Singapore is the main contractor for the project. The counter closed at S$0.905 on Monday, up S$0.015 or 1.7 per cent.