Stocks to watch: CICT, ARA Logos, Ascendas Reit, Aspen, Hongkong Land, Sheng Siong

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

C38U: Net property income of the recently-merged entity rose 66.6 per cent in the first quarter to S$247.1 million, reported its manager in a business update issued on Monday. This came mainly due to improved integrated development performance compared to the previous year, and after factoring in income contribution from office assets from Oct 21, 2020. CICT units closed S$0.01 or 0.5 per cent lower at S$2.17 on Friday.

K2LU: The trust has on Sunday entered into an agreement with 1835 Capital to divest Kidman Park in Australia for A$41.5 million (about S$42.6 million). Units of ARA Logos closed 0.7 per cent or half a Singapore cent higher at 75 cents on Friday.

A17U: In an exchange filing on Friday, the Reit reported a positive rental reversion of 3 per cent in the first quarter, with its portfolio occupancy standing at 90.6 per cent, a decrease from 91.7 per cent in the last quarter and the year-ago period. Ascendas Reit is proposing to sell a warehouse and office property in Changi North Way to building materials supplier Hafary for S$16 million. Units of the Reit ended at S$3.11 on Friday, 0.3 per cent or S$0.01 higher, before the announcement.

1F3: The Malaysian property developer and glove maker withdrew announcements that it had clinched a US$210 million gloves supply order from American company Honeywell, after the latter did not consummate the agreement by the effective date. Aspen earlier said that the agreement was to manufacture and supply nitrile medical-grade examination gloves to Honeywell on an original equipment manufacturing basis for the US market. Shares of Aspen closed at 23 Singapore cents on Friday, down 2.1 per cent or 0.5 cent, before the announcement.

H78: The property developer opened an educational play-centre in Chongqing on Friday, as part of a US$33 million investment to be made over the next five years to integrate edutainment with lifestyle retailing in other cities across mainland China. The counter closed flat at US$4.99 on Friday before the announcement.

OV8: The supermarket operator said on Friday that it will continue to pay out about 70 per cent of its net profit as dividends, unless there is a need for cash due to operational reasons or major capital expenditures. An increased demand during the pandemic saw the company's net profit rise by 84.9 per cent to S$32.1 million for the fourth quarter ended Dec 31. Sheng Siong shares closed at S$1.55 on Friday, down 0.6 per cent or S$0.01 before the announcement.

5CF: In an exchange filing responding to shareholders on Saturday, the builder said that it was not aware that it has been banned from or penalised when tendering for government contracts after its involvement in a viaduct collapse accident in 2017. This came amid a shareholder's observations that the company clinched "quite small" contracts from the public sector and its non-participation in the North South Corridor road building project. Shares of OKP Holdings closed 5.8 per cent or 1.1 Singapore cents higher on Friday at 20 cents.

PH0: The property developer announced on Monday that its indirect wholly-owned subsidiary Gold Mart is required to pay China Construction Yangtze River RM1.5 million (S$497,000) instead of the initial RM100 million claimed by China Construction Yangtze River. Hatten Land share prices closed flat at S$0.03 on Friday.

Trading halt: LS9 and 5CT requested trading halts on Monday pending the release of announcements for each of them. Shares of Leader Environmental Technologies closed 0.7 per cent or 0.1 Singapore cent lower at 14.5 cents on Friday. Shares of Ecowise closed flat at 3.3 Singapore cents on Friday.