Stocks to watch: FLCT, Oxley, Keppel Pacific Oak US Reit, Quantum Healthcare

THE following companies saw new developments that may affect trading of their securities on Thursday (Feb 2):

Frasers Logistics & Commercial Trust (FLCT): It recorded over 239,500 square metres of leasing across its portfolio for its first quarter ended Dec 31, 2022. Overall occupancy came in at 95.9 per cent. In particular, its logistics and industrial portfolio had 100 per cent occupancy, while its commercial portfolio recorded an 89.8 per cent occupancy. Units of FLCT rose 3.2 per cent or S$0.04 to close at S$1.30 on Wednesday.

Oxley : The property developer on Wednesday reported a sharp decline in net profit for its first half, which fell to S$277,000 from S$23.5 million in the corresponding period a year ago. This came on the back of lower revenue and higher finance costs. Shares of Oxley closed flat at S$0.145 on Wednesday.