Stocks to watch: CDL, Sinar Mas Land, Digital Core Reit, Vertex Tech
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Vivienne Tay
THE following companies saw new developments that may affect trading of their securities on Thursday (Dec 1):
City Developments Limited (CDL): The property player saw sales slow in its third quarter ended Sep 30, due to a low inventory of unsold units with no new launches during the period. Together with its joint-venture associates, the group sold 95 units with a total value of S$281 million in Q3. CDL shares closed 0.4 per cent or S$0.03 higher at S$8.29 on Wednesday, before the announcement.
Sinar Mas Land : The group and a joint-venture company of Mitsubishi Corp and Surbana Jurong, Mitbana, are developing one of the largest mixed-use developments in BSD City, Greater Jakarta, they said on Wednesday. The new project will sit on 108 hectares of land and feature township and transit-oriented developments. Sinar Mas Land shares closed at S$0.195 on Wednesday, up S$0.009 or 4.5 per cent.
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