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

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Daphne Yow

Daphne Yow

Published Mon, Jul 17, 2023 · 08:44 AM
    • ESR Logos Reit's manager says its proposed divestment of seven non-core assets is in line with its strategy, dismissing speculation of financial distress.
    • ESR Logos Reit's manager says its proposed divestment of seven non-core assets is in line with its strategy, dismissing speculation of financial distress. PHOTO: ESR-LOGOS 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.

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