Stocks to watch: SIA, MLT, YZJ Shipbuilding, Keppel Reit, Suntec Reit, FCT, ESR-Logos Reit

THE following companies saw new developments that may affect trading of its securities on Wednesday (Oct 26): 

Singapore Airlines (SIA): The company announced on Tuesday that it will be redeeming for S$3.86 billion all of its 10-year mandatory convertible bonds issued in June 2020 at a redemption rate of 110.408 per cent of the principal amount. For bondholders, the yield-to-call works out to 4 per cent a year. The counter closed 0.2 per cent or S$0.01 lower at S$5.03, prior to the announcement. 

Mapletree Logistics Trust (MLT): Its manager announced a 3.5 per cent increase in distribution per unit (DPU) to S$0.02248 for the second quarter ended September, from S$0.02173 in the corresponding period a year ago, despite an enlarged unit base. The amount distributable to unitholders rose 15.6 per cent to S$108 million while gross revenue climbed 11.4 per cent to S$183.9 million. Units of the trust closed 2.1 per cent or S$0.03 higher at S$1.46 on Tuesday, before the announcement.