Stocks to watch: FCT, CLI, OUE Reit, Tan Chong International, Vividthree
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Jan 8):
Frasers Centrepoint Trust (FCT): The trust’s manager announced its entry into a S$400 million green loan facility on Wednesday. It involves a green term loan and revolving credit facilities, in an agreement between the trust and lenders DBS, OCBC and Maybank. The manager said around US$2.68 billion in facilities would be affected if mandatory prepayment were to occur. Units of FCT closed S$0.01 or 0.4 per cent lower at S$2.27, before the announcement.
CapitaLand Investment (CLI): The real asset manager on Thursday announced that its CapitaLand Southeast Asia Logistics Fund has bought a 5.1 hectare site in the Republic to develop an automated logistics facility dubbed Omega 1 Singapore for an estimated total development cost of S$260 million. The five-storey facility is set to be completed in 2028 and will have a gross floor area of 71,000 square metres. CLI has also made a minority investment in smart logistics infrastructure company Ally Logistic Property, which will lease Omega 1 under a long-term master lease with built-in rent escalation. Shares of CLI rose 0.7 per cent to close S$0.02 higher at S$2.78 on Wednesday.
OUE Real Estate Investment Trust (OUE Reit): The Reit is in “exclusive talks” with Mitsubishi Estate Asia for a potential partial stake in Salesforce Tower in Sydney. The manager indicated in a statement on Thursday that negotiations between the parties are still ongoing, and that they have yet to enter into any binding agreement for the acquisition. It added that there is no certainty that any transaction will materialise at this juncture. The counter closed flat on Wednesday at S$0.36.
Tan Chong International : The automotive group on Wednesday said in a bourse filing that it expects to record an unaudited gain of HK$327 million (S$53.8 million) on its investments designated at fair value via other comprehensive income for the year ended Dec 31, 2025. The gain is mainly from share price changes of its listed investments, amounting to marked-to-market values of HK$280 million. The counter closed HK$0.02 or 1 per cent lower at HK$1.93, prior to the news.
Vividthree : The former mm2 Asia subsidiary on Wednesday evening requested to lift its trading halt and also announced that it had received a letter of demand from UOB for nearly S$1.2 million. This comes after the group originally obtained a S$5 million temporary bridging loan, in a scheme supported by Enterprise Singapore during Covid-19 in April 2020. Its shares closed flat at S$0.017 on Tuesday, before the trading halt was put in place.
