Stocks to watch: CICT, ESR-Logos Reit, Yangzijiang Shipbuilding, PropNex, Food Empire

THE following companies saw new developments that may affect trading of their securities on Tuesday (Aug 13):

CapitaLand Integrated Commerical Trust (CICT): The trust’s H1 distribution per unit was up 2.5 per cent to S$0.0543, from S$0.053 in the corresponding period a year ago. Based on its results filing on Tuesday, half-year revenue was about S$792 million, up 2.2 per cent from S$774.8 million in H1 FY2023. Units of CICT closed about 1 per cent or S$0.02 higher at S$2.10 on Monday.

ESR-Logos Real Estate Investment Trust (ESR-Logos Reit): The trust has priced S$100 million perpetual capital securities at 6 per cent. This is in addition to the S$74.8 million perps that have been issued previously, it said on Tuesday. Net proceeds from the latest tranche will be used to finance the acquisition of a 51 per cent interest in a high-spec manufacturing plant in Singapore. The counter closed on Monday flat at S$0.255.