Stocks to watch: CLI, ThaiBev, CDL, Singapore Land, SingPost, Frasers Property, CAO, PropNex

THE following companies saw new developments that may affect trading of their securities on Thursday (Aug 10):

CapitaLand Investment (CLI): The company on Thursday announced its launch of a business park development fund, with a target fund size of S$525 million to invest in Grade A business parks in prime locations across gateway cities in India. The first closing is expected to add about S$700 million to CLI’s funds under management. The counter closed S$0.02 or 0.6 per cent down at S$3.26 on Tuesday.

Thai Beverage (ThaiBev): The food and beverage company’s earnings before interest, taxes, depreciation and amortisation fell 3.4 per cent year on year to 37.8 billion baht (S$1.45 billion) for the nine months ended June. This came as higher sales revenue was more than offset by an increase in costs, noted the company on Wednesday. Shares of ThaiBev closed flat on Tuesday at S$0.57.