Stocks to watch: CapitaLand India Trust, Boustead Singapore, Boustead Projects, YKGI

THE following companies saw new developments that may affect trading of their securities on Tuesday (Feb 7):

CapitaLand India Trust (Clint) : Its manager on Monday reported that the trust’s distribution per unit rose 9 per cent to S$0.0391 in the six months ended Dec 31, 2022. It also saw a rise in total property income due to higher portfolio occupancy and income from several buildings acquired in the last two years. Clint units closed flat at S$1.19 on Monday before the announcement.

Boustead Singapore , Boustead Projects : Engineering and technology group Boustead Singapore is making a voluntary unconditional general cash offer at S$0.90 per share to take its real estate subsidiary, Boustead Projects, private. Both counters ended Monday 0.6 per cent or S$0.005 higher at S$0.825 and S$0.84 respectively, before the news.

YKGI : The Singapore franchise operator of Yew Kee Duck Rice and bubble tea brand Chicha San Chen fell 10.5 per cent or S$0.021 from its initial public offering (IPO) price of S$0.20 on its first trading day on the Catalist board of the Singapore Exchange. It opened at its IPO price on Monday, but fell in subsequent trading. Shares of the counter closed at S$0.179 after some four million shares changed hands over the course of the day.