Stocks to watch: ESR Logos Reit, Ho Bee Land, IReit Global, UOL Group, Singapore Land, Sabana Reit

THE following companies saw new developments that may affect trading of their securities on Monday (Jul 17):

ESR Logos Reit (E-Log): The Reit’s manager said on Friday that its proposed divestment of seven non-core assets is in line with its strategy, and dismissed “speculation or insinuation” of financial distress. The manager had said that five of the assets will be divested at a 5.1 per cent discount to valuation. E-Log units rose 3 per cent or S$0.01 to close at S$0.34 on Friday, before the announcement.

Ho Bee Land : The property developer and investor is expecting to see an overall net loss for the first half ended June 2023, mainly attributed to fair-value loss based on indicative valuations of the group’s portfolio of investment properties in London. Shares of Ho Bee Land fell 1 per cent or S$0.02 to close at S$2.01 on Friday, before it announced the profit guidance.