Stocks to watch: CapitaLand Investment, Singapore Exchange
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THE following companies saw new developments that may affect trading of their securities on Monday (Sep 23):
CapitaLand Investment (CLI): Its wholly owned lodging business unit, Ascott, on Monday said it expects to open 28 properties across South-east Asia in 2024. This comes amid robust growth prospects in the region, with the group expecting tourist arrivals to achieve pre-pandemic levels by the end of this year. Shares of CLI ended Friday 3.9 per cent or S$0.12 lower at S$2.93.
Singapore Exchange (SGX): The bourse on Monday announced the appointment of Daniel Koh as the new chief financial officer (CFO). He will begin serving as CFO-designate from Oct 1, before transitioning into his official role from Dec 1. Koh succeeds current CFO Ng Yao Loong who is taking on the position of head of equities. Shares of SGX closed on Friday S$0.11 or 1 per cent lower at S$11.25.
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