Stocks to watch: Stamford Land, Dasin Retail Trust, OUE C-Reit, Straco, ISOTeam

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

Stamford Land : The company’s net profit rose to S$184.5 million for its second half-year, significantly higher than the S$15.6 million in the year-ago period. For the full year, its net profit rose to S$152.4 million from S$31.9 million a year earlier. The company has proposed a final dividend of S$0.005 per share and a special dividend of S$0.01 per share. Stamford Land shares closed unchanged at S$0.395 on Friday, before the earnings announcement.

Dasin Retail Trust (DRT): A substantial unitholder of the China-focused real estate investment trust, Zhang Zhencheng, is suing the trustee-manager’s lead independent director Tan Huay Lim on allegations that Tan’s conduct has been “oppressive” and “in disregard” to Zhang’s interests. The claim was filed in the Singapore High Court on May 25 and announced by the manager to the Singapore Exchange over the weekend. Units of DRT closed up 1.7 per cent or S$0.002 to S$0.121 on Friday.