Stocks to watch: Digital Core Reit, Marco Polo Marine

THE following companies saw new developments that may affect trading of their securities on Wednesday (Dec 4):

Digital Core Real Estate Investment Trust (Reit) : It will convene its extraordinary general meeting on Wednesday to vote on the proposed acquisition of an additional stake in a data centre in Frankfurt, Germany. The independent financial adviser, independent directors, as well as the audit and risk committee have recommended that unitholders vote in favour of the resolution, said the Reit’s manager. Units of Digital Core Reit ended Tuesday flat at US$0.595.

Marco Polo Marine : The integrated marine logistics company’s net profit for the second half ended Sep 30 fell 41.5 per cent to S$10.7 million, from S$18.3 million in the previous corresponding period. This comes as H2 revenue declined 12.9 per cent on the year to S$62 million amid lower contributions from the company’s shipyard segment. The counter closed 1.9 per cent or S$0.001 lower at S$0.053 on Tuesday, after the news.

Trading halt: Industrial equipment supplier Hai Leck called for a trading halt on Wednesday morning, pending the release of an announcement. The counter closed flat at S$0.41 on Tuesday.