Stocks to watch: CapitaLand, LMIRT, Nanofilm, MLT, SPH, First Reit, Sembcorp

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

CapitaLand C31: The property developer's wholly-owned lodging business unit has secured over 8,300 units across more than 30 properties in the first seven months of 2021, the group announced in a regulatory filing on Wednesday morning. This marks a 40 per cent growth compared to the same period a year ago. Shares of CapitaLand closed at S$3.88 on Monday, up 1.8 per cent or S$0.07.

LIPPO Malls Indonesia Retail Trust D5IU (LMIRT): The Indonesia-based real estate investment trust has extended the temporary closure of its malls in Java, Bali and Medan to July 25, its manager said in a bourse filing on Wednesday morning. It added that LMIRT will be extending rental waivers to tenants who are not permitted to operate during this period. The trust is expected to report its second-quarter results after the close of trading on July 26. Units of LMIRT closed 1.6 per cent or 0.1 Singapore cent lower at 6.2 cents on Monday.

Alset International 40V : The Catalist-listed property investment and development company will transfer over 20 single-family rental homes from Alset EHome to American Home Reit (AHR). In a filing on Tuesday evening, Alset said it aims to ramp up its efforts in the coming months to build up the asset base of AHR, which it targets to achieve dual listing for in global stock exchanges, particularly in the US and Singapore. Shares of Alset ended Monday unchanged at 6.3 Singapore cents.

Nanofilm Technologies MZH : The mainboard-listed nanotechnology company on Monday announced a joint venture with Temasek to invest in Sydrogen Energy, a hydrogen energy business. Nanofilm will take a 65 per cent shareholding, with Temasek contributing the rest. Nanofilm shares closed at S$6.22 on Monday, down S$0.04 or 0.6 per cent, before the announcement.

Mapletree Logistics Trust M44U : The company on Monday reported a 23.7 per cent year-on-year increase in gross revenue to S$163.7 million, alongside a 21.3 per cent rise in net property income. It declared a 5.7 per cent growth in distribution per unit to 2.161 Singapore cents, to be paid out on Sept 7. MLT units closed at S$2.10 on Monday, down S$0.02 or 0.9 per cent.

Singapore Press Holdings T39 : The mainboard-listed group reported a 16.8 per cent year-on-year revenue decline for its media segment for the first nine months of FY2021 to S$286.7 million, led by a drop in newspaper print ad revenue. Its EGM to seek shareholder approval for the restructuring of its media business is expected to take place in August or September, with the group aiming to complete restructuring by the end of this year. Shares of SPH closed at S$1.80 on Monday, down S$0.01 or 0.6 per cent.

First Real Estate Investment Trust AW9U (First Reit): The company said on Monday its subsidiaries have entered conditional sale and purchase agreements for a hospital in South Korea, its only property holding there, for around US$4.52 million. This turned out to be about 1.7 per cent lower than its independent valuation last month, although the manager did mark it down to US$3.1 million. First Reit units closed at 26 Singapore cents on Monday, down 0.5 cent or 1.9 per cent, before the announcement.

Sembcorp Industries U96 : The energy and urban development company on Monday opened a solar-powered electric vehicle charging hub that it says will be available for public use from 2022. Located in Tuas Depot, it will serve as a central charging station for Sembcorp's fleet of waste and recycling electric trucks, with the capacity to conduct about 100 electric charging cycles per day. Shares of Sembcorp closed Monday at S$2.09, down S$0.04 or 1.9 per cent, before the announcement.

Starburst Holdings 40D : The company announced on Monday that its wholly-owned subsidiary Starburst Engineering has been awarded various contracts for works on range equipment and firearms training facilities in South-east Asia, the Middle East and North Africa, with an aggregate contract value of S$4.7 million. Shares of Starburst last closed unchanged at 19.5 Singapore cents on Monday.

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