Stocks to watch: CICT, LMIRT, Addvalue Technologies

THE following companies saw new developments that may affect trading of their securities on Tuesday (Oct 25):

CapitaLand Integrated Commercial Trust (CICT): The trust on Friday reported a year-in-year increase of 12.7 per cent in net property income to S$273.3 million, as well as a 13.7 per cent increase in gross revenue to S$374.1 million, in the third quarter of 2022 ended Sep 30. Both increases in gross revenue and net property income were driven by a better performance of CICT office assets. CICT closed 3.3 per cent or S$0.06 lower on Friday at S$1.74, before the announcement.

Lippo Malls Indonesia Retail Trust (LMIRT): Its manager announced on Friday that the trust has obtained a bridging loan facility of up to S$67.5 million with BNP Paribas and the Singapore branch of CIMB. The loan will be used to refinance existing debt obligations of its trustee Perpetual Asia. LMIRT closed unchanged on Friday at S$0.03, before the news.