Stocks to watch: CDL, Lendlease Global Commercial Reit, Frencken, Geo Energy, Ever Glory

[SINGAPORE] The following companies saw new developments that may affect the trading of their securities on Tuesday (May 19): 

City Developments Limited (CDL) : Kwek Leng Peck, cousin of CDL’s executive chairman Kwek Leng Beng, will take on the role of vice-chairman of the company’s board, and become a non-independent and non-executive director on Jun 1. A bourse filing on Monday said this move sees the 69-year-old rejoin the company after he resigned from the latter posts in October 2020. Shares of CDL closed S$0.02 lower or 0.3 per cent to reach S$7.84 on Monday, before the news.

Lendlease Global Commercial Real Estate Investment Trust (Reit) : The manager of the trust on Monday posted a positive retail rental reversion of 12.2 per cent for the third quarter ended Mar 31, 2026. This comes as it completed an acquisition of the remaining 30 per cent stake in PLQ Mall in March. Units of Lendlease Reit closed unchanged at S$0.57 on Monday, before the announcement.

Frencken : It posted a profit after tax and minority interest of S$8 million for Q1 2026, down 20.2 per cent from S$10 million in the year-ago period. This came as revenue fell 6.4 per cent to S$202 million from S$215.8 million. The group on Tuesday said it anticipates improving momentum for the rest of the year. The counter closed Monday 4.4 per cent or S$0.14 down at S$3.04, before the news.

Geo Energy : The coal producer secured two non-binding memorandums of understanding connected to its planned expansion into high-value coking coal in Central Kalimantan, a bourse filing on Monday said. It had agreed to a US$50 million to US$100 million prepayment amount with multinational commodities trader Trafigura, to secure the future offtake of coal from its newly acquired miner Harfa Taruna Mandiri. The counter ended Monday S$0.015 or 2.6 per cent higher at S$0.59, before the announcement.

Ever Glory United : The group said on Monday that it has secured about S$230 million in new contracts, pushing the group’s total order book past S$900 million. The contracts are for projects with the Land Transport Authority and Resorts World Sentosa, on top of commercial and office building projects. Shares of Ever Glory ended 1.2 per cent or S$0.01 lower at S$0.82, before the news.