Stocks to watch: CDL, DFI Retail Group, Cordlife, First Resources
THE following companies saw new developments that may affect trading of their securities on Thursday (Apr 18):
City Developments Ltd (CDL): The property giant’s majority-held strata-titled building, Delfi Orchard, is up for collective sale at a S$438 million guide price. Citing marketing agent Savills Singapore, The Business Times reported that this translates to about S$3,397 per square foot per plot ratio. CDL shares closed S$0.05 or 0.9 per cent higher at S$5.66 on Wednesday.
DFI Retail Group : The group, formerly known as Dairy Farm International, has put its last two Singapore properties on the market. On Thursday, BT reported that the total guide price for these two assets is S$48.5 million, though potential buyers can make offers for one or both properties. Shares of DFI ended Wednesday US$0.02 or 1.1 per cent lower at US$1.81.
Cordlife Group : The cord-blood bank on Wednesday said it filed a police report against some of its former employees for alleged “potential wrongdoings” based on preliminary findings of an internal investigation conducted by an external consultant. Shares of Cordlife closed S$0.002 or 1.4 per cent higher at S$0.15, prior to the announcement.
First Resources : The palm oil producer has denied allegations that it is linked to a network of companies accused of clearing rainforests in Indonesia. First Resources has also appointed a sustainability consulting firm to investigate the allegations and “develop an action plan”. Shares of First Resources closed S$0.02 or 1.4 per cent lower at S$1.37 on Wednesday, prior to the filing.
