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Stocks to watch: CapitaLand Investment, Nio, MIT, Jardine Cycle & Carriage, iFast, Sasseur Reit, Elite UK Reit

Published Fri, May 2, 2025 · 08:35 AM
    • Chinese EV maker Nio delivered 23,900 vehicles in April 2025, marking a 53% year-on-year increase
    • Chinese EV maker Nio delivered 23,900 vehicles in April 2025, marking a 53% year-on-year increase PHOTO: BT FILE

    [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (May 2).

    CapitaLand Investment (CLI) : The real estate investment manager reported a total revenue of S$496 million for the first quarter ended Mar 31, down 24 per cent from S$650 million in the corresponding period the year before. On Wednesday, the company said that much of the decline came from the deconsolidation of CapitaLand Ascott Trust (Clas). In December 2024, CLI sold a 4.9 per cent stake in Clas for S$162 million to an unrelated party. On a like-for-like basis, revenue remained “stable” since that of Q1 2024 would have been S$496 million, after accounting for Clas’ deconsolidation in both periods. Shares of CLI rose S$0.07 or 2.6 per cent to S$2.75 on Wednesday, ahead of the business update.

    Nio : Chinese electric vehicle (EV) maker delivered 23,900 vehicles in April 2025, marking a 53 per cent year-on-year increase, the company said on Thursday. The total comprises initial deliveries from Firefly, the company’s newly launched small, smart, high-end EV brand, alongside 19,269 vehicles from its premium smart EV brand Nio, and 4,400 vehicles from its family-oriented brand Onvo. This has taken its cumulative deliveries to 737,558 as at Apr 30. Firefly was launched on Apr 19, with deliveries in China beginning later that month. Nio said it plans to expand the brand to global markets in the near future. Shares of Nio closed down US$0.18 or 4.2 per cent at US$4.13 on Wednesday.

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