Stocks to watch: Capitaland Ascendas Reit, Sats, Frasers Centrepoint Trust, First Sponsor, Stoneweg Reit, UOI, LMIRT

[SINGAPORE] The following companies saw new developments that may affect trading of its securities on Tuesday (Apr 29):

CapitaLand Ascendas Reit (Clar) : It reported a growth in portfolio rental reversions of 11 per cent in the first quarter of 2025, despite occupancy dipping, in a bourse filing on Monday (Apr 28). Across Clar’s portfolio, all geographies saw a fall in occupancy, with a 1.3 per cent quarter-on-quarter (qoq) decline in total portfolio occupancy. Australia saw the biggest decrease, falling 3.3 per cent qoq to 89.2 per cent. Units of Clar closed up 0.8 per cent or S$0.02 at S$2.68 on Monday.

Amara : Hwa Hong, Wing Tai, Teo family consortium on Monday launched a bid to take Amara private at S$0.895 a share. The offer is final and values the hotel group at about S$514.6 million. It represents a premium of 27 per cent over Amara’s closing price of S$0.705 on Apr 23 before the company called for a trading halt the following day. The S$0.895 offer price also represents a 42.1 per cent, 44.8 per cent, 46.7 per cent and 48.9 per cent premium over Amara’s volume-weighted average price for the one-month, three-month, six-month and 12-month periods up to and including the last traded day, respectively.