Stocks to watch: CapitaLand Investment, Yanlord Land

THE following companies saw new developments that may affect trading of their securities on Tuesday (Jun 7):

CapitaLand Investment (CLI): The real estate investment manager has acquired a freehold office tower in Melbourne, Australia for its regional core-plus fund, CapitaLand Open End Real Estate Fund (Coref). While the deal value was undisclosed, CLI in its press statement on Tuesday said the acquisition brings Coref’s total investment to about US$900 million since the fund was established. CLI ended flat at S$3.89 on Monday.

Yanlord Land: The Chinese property developer logged 1.1 billion yuan (S$227.2 million) in total contracted pre-sales in May 2022, down 70 per cent from the 3.8 billion yuan it recorded a year ago. The pre-sales were for a contracted gross floor area of 47,695 square metres, a 62.5 per cent fall from May 2021, according to the group’s unaudited key operating figures filed on Monday. Yanlord closed 0.9 per cent or S$0.01 lower at S$1.07 on Monday, before the announcement.