Stocks to watch: Mapletree Industrial Trust, SIA Engineering, SingPost, Aspen, FCT

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

Mapletree Industrial Trust (MIT): Its second-quarter distribution per unit fell to 3.1 Singapore cents, from 3.13 cents for the year-ago period. MIT's manager also said on Tuesday night that rental reliefs extended to tenants will affect distributable income for FY20/21. MIT units ended flat at S$3.10, before the results were released.

SIA Engineering Co (SIAEC): The group will recognise a non-cash impairment provision against its base maintenance unit's assets, and is finalising the quantum, SIAEC said in a profit guidance on Wednesday morning. This impairment is expected to have a material impact on the group's half-year financial results, which will be released in early November. SIAEC shares were flat at S$1.73 at Tuesday's close.

CapitaLand Mall Trust (CMT): The merged entity of CMT and CapitaLand Commercial Trust (CCT) has begun trading with effect from Wednesday. It will initially still be known as CMT, but will be renamed CapitaLand Integrated Commercial Trust on Nov 3 and then continue to trade under the existing stock code C38U. As at 9.24am on Wednesday, CMT units were up S$0.01 or 0.6 per cent to S$1.83.

Singapore Post (SingPost): The postal service provider may have limited rating headroom to weather industry troubles or any business underperformance over the next one to two years after it buys a stake in Australian logistics firm Freight Management Holdings, said S&P Global Ratings. Shares of mainboard-listed SingPost finished flat at S$0.69 on Tuesday, before the filing was made.

Aspen (Group) Holdings: Shares of the Catalist-listed property developer and soon-to-be glove maker surged 25 per cent or 5.5 Singapore cents to close at 27.5 cents on Tuesday. This followed Aspen's announcement that it plans to transfer its listing to the mainboard.

Frasers Property, Frasers Centrepoint Trust (FCT): In a filing late Tuesday night, Frasers Property announced it has completed its sale of the remaining 63.11 per cent stake in AsiaRetail Fund to FCT. As for Frasers Property's proposed acquisition of Bedok Point mall from FCT, the transaction is set to complete on Nov 9. Shares of Frasers Property rose S$0.01 or 0.9 per cent to close at S$1.14, while FCT units gained S$0.01 or 0.4 per cent to finish at S$2.31.

Revez Corp: The technology solutions provider has acquired media company PGK Digital Networks for S$4 million, Catalist-listed Revez said on Tuesday after trading hours. The stock last traded at S$0.35 on Sept 29.

Mary Chia Holdings: The beauty and wellness firm on Tuesday said it has agreed to buy an 80 per cent stake in five companies under the Monsoon Hairdressing group for about S$3 million. The seller is Lee Eng Tat, or Addy Lee, a celebrity hairstylist. Catalist-listed Mary Chia's shares last traded at S$0.16 on Sept 22.