Stocks to watch: Best World, HPH Trust, Sabana Reit, Manulife US Reit, Elite UK Reit

THE following companies saw new developments that may affect trading of their securities on Wednesday (Jul 24):

Best World International : The beauty products distributor has raised its stake in British beauty company Pedal Pulses to 59.9 per cent from 50 per cent. In a bourse announcement on Tuesday, the company announced that it has entered into a sales and purchase agreement with Pedal Pulses’ shareholder Ian Richardson, for 116 shares at £0.01 each. Shares of Best World closed up 0.4 per cent or S$0.01 at S$2.51 before the announcement.

Hutchison Port Holdings (HPH) Trust : The port operator on Tuesday reported a 66.6 per cent increase in earnings for the first half of 2024 to HK$158.1 million (S$27.2 million), from HK$94.9 million in H1 2023. Despite the increase in earnings, distribution per unit for the period fell to HK$0.05, from HK$0.055 in H1 2023, on a lower distribution amount. Units of HPH Trust closed up 0.8 per cent or US$0.001 at US$0.129 on Tuesday.