Stocks to watch: ComfortDelGro, CapitaLand Investment, SPH Reit, SGX, The Hour Glass

THE following companies saw new developments that may affect trading of their securities on Thursday (Jun 2):

ComfortDelGro : The transport operator’s wholly-owned subsidiary CDC Darwin has won a bid to operate bus services in Darwin, Australia, it said on Thursday. CDC Darwin will be the sole operator of public bus transport in Darwin, Palmerston, rural areas and special needs services in the region. ComfortDelGro closed 1.4 per cent or S$0.02 higher at S$1.46 on Wednesday.

CapitaLand Investment : The property player on Thursday said its wholly-owned lodging business The Ascott is acquiring its first lyf-branded co-living property in Sydney. The acquisition will be made through the Ascott Serviced Residence Global Fund (ASRGF), Ascott’s private equity fund with Qatar Investment Authority. CapitaLand Investment closed 1.3 per cent or S$0.05 lower at S$3.90 on Wednesday.