Stocks to watch: ESR-Logos Reit, Mermaid Maritime

THE following companies saw new developments that may affect trading of their securities on Thursday (Oct 5):

ESR-Logos Reit : Its high-specification building at 7002 Ang Mo Kio Avenue 5 secured an occupancy of about 50 per cent with the completion of its asset enhancement initiative. This comes from two occupants, a logistics solutions provider and a listed wellness and healthcare company, said the real estate investment trust’s manager on Thursday. Units of ESR-Logos Reit ended Wednesday S$0.005 or 1.9 per cent lower at S$0.265.

Mermaid Maritime : The subsea services provider’s subsidiaries in Thailand, the Middle East, western sub-Sahara and the United Kingdom have been awarded multiple projects valued at US$485 million in total, the company said on Thursday. It expects the wins to contribute positively to the group’s earnings per share and net tangible assets holdings for the fiscal year ending Dec 31, 2023, and beyond. The counter closed at S$0.075, down 3.9 per cent or S$0.003 on Wednesday.