Stocks to watch: CapitaLand Ascendas Reit, SIA Engineering

THE following companies saw new developments that may affect the trading of their securities on Thursday (Dec 21):

CapitaLand Ascendas Reit : The business space and industrial real estate investment trust (Reit) is selling three of its logistics properties in Queensland, Australia for S$64.2 million in total. Net proceeds after deducting divestment costs are expected to be S$60.8 million, announced its manager on Wednesday. Units of the Reit closed down 0.3 per cent or S$0.01 at S$2.92, before the news.

SIA Engineering Company : Its Malaysian unit has signed a 15-year lease agreement for two hangars at Sultan Abdul Aziz Airport in Subang, Malaysia. The deal carries an option to renew for another 15-year term. It also establishes the group’s third base-maintenance hub in the Asia-Pacific region, said the provider of aircraft maintenance, repair and overhaul services. The counter closed 0.9 per cent or S$0.02 lower at S$2.32 on Wednesday, before the announcement.