Stocks to watch: IHH Healthcare, Digital Core Reit

THE following companies saw new developments that may affect trading of their securities on Friday (Nov 29):

IHH Healthcare (IHH): The private healthcare group said on Thursday that net profit for its third quarter ended Sep 30 was RM534 million (S$161.5 million), almost flat from RM532 million the year before. Earnings per share stood at 6.06 sen, also relatively unchanged from 6.04 sen. Earnings held steady despite revenue slipping 3 per cent to RM5.6 billion due to inflation. Shares of IHH closed at S$2.17 on Thursday, down S$0.01 or 0.5 per cent, before the results were announced.

Digital Core Real Estate Investment Trust (Reit): The manager on Thursday published a response to unitholders’ questions relating to its acquisition of a bigger stake in a data centre in Frankfurt, Germany. This included explanations of how it came to decide the extra amount of stake to buy in the facility; its valuation; how its market value was determined, and how the acquisition would be financed. Unitholders asked the Reit manager to explain the specific size of the additional acquisition, which Digital Core had proposed to be between 0.2 and 40 per cent. It currently owns 49.9 per cent of the facility. Units of the Reit closed at US$0.63, up US$0.005 or 0.8 per cent on Thursday, before the release of the announcement.