Stocks to watch: UOB, Dasin Retail Trust, Nanofilm, GuocoLand

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

UOB: Moody's Investors Service and Fitch Ratings said the bank's sustainability bond ratings are among the highest assigned to banks globally. The credit ratings agencies separately confirmed their ratings for the dual tranche of 1.25 per cent senior notes due April 2026 and 2 per cent Tier 2 subordinated notes due October 2031. UOB shares closed at S$26.07 on Friday up 0.5 per cent or S$0.12.

Dasin Retail Trust: The business trust aims to double its market capitalisation to S$1 billion from S$565.3 million in about three to five years, said chief executive officer Wang Qiu in an interview with The Business Times. One way it looks to do so is via acquisitions from its sponsor Zhongshan Dasin Real Estate's assets. Units of the business trust closed flat at 72.5 Singapore cents on Friday.

Nanofilm Technologies: The tech manufacturer said on Friday it has exercised an option to purchase a property along Tai Seng Drive for S$30.4 million. The property is a six-storey stand-alone warehouse. The consideration is payable in cash and will be funded by both internal funds and bank borrowings, said Nanofilm. Shares of Nanofilm closed at S$5.13 on Friday prior to the announcement, down 0.8 per cent or S$0.04.

GuocoLand: Cheng Hsing Yao, currently group managing director for GuocoLand Singapore, will take over from Raymond Choong as president and chief executive of the real estate developer on June 30. Shares of GuocoLand closed at S$1.72 on Friday before the announcement, down 0.6 per cent or S$0.01.

Trading halt: Aspen (Group) Holdings requested for a trading halt on Monday pending the release of announcements. Shares of Aspen Holdings closed at 26.5 Singapore cents on Friday, up 4 per cent or 1 cent.


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