Stocks to watch: CapitaLand India Trust, Singapore Airlines, Asian Pay Television Trust

THE following companies saw new developments that may affect trading of their securities on Monday (Jul 8):

CapitaLand India Trust (Clint): Fitch Ratings has assigned Clint a first-time long-term issuer default rating of “BBB-” amid a stable outlook, announced the trust on Monday. The rating came on the back of Clint’s “high-quality” portfolio of offices in India, which Fitch expects to sustain high occupancy rates and positive rental reversions. Units of Clint ended 2 per cent or S$0.02 lower at S$1 on Friday.

Singapore Airlines (SIA): The national flag carrier and Garuda Indonesia have received approval from the Competition and Consumer Commission of Singapore for a joint venture agreement. This would allow them to collaborate on a wider range of commercial activities that will benefit both airlines, said both companies on Friday. Shares of SIA closed at S$6.98, down S$0.03 or 0.4 per cent, before the announcement.