Stocks to watch: CapitaLand Investment, Mapletree Industrial Trust, Frasers Centrepoint Trust
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THE following companies saw new developments that may affect trading of their securities on Thursday (Jan 23).
CapitaLand Investment : Its wholly owned lodging business unit Ascott signed 16 new properties under the Oakwood brand in 2024 – a 30 per cent increase over the previous year. The Oakwood portfolio now comprises nearly 100 properties and its global footprint spans 14 countries. Looking ahead, Ascott believes Oakwood is well-positioned to meet the rising demand for business and leisure travel. Shares of CapitaLand Investment ended Wednesday 1.6 per cent or S$0.04 lower at S$2.45.
Mapletree Industrial Trust (MIT) : The distribution per unit for MIT rose 1.5 per cent to S$0.0341 for its third quarter ended Dec 31, 2024, from S$0.0336 in the prior year. The distribution will be paid out on Mar 14, after books closure on Feb 3. In Q3, the industrial trust completed the acquisition of a freehold mixed-use facility in Tokyo for 14.5 billion yen (S$125.8 million). Units of MIT closed at S$2.21 on Wednesday, down S$0.03 or 1.3 per cent, before the news.
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