Stocks to watch: Frasers Centrepoint Trust, SingPost, Penguin International, Dasin Retail Trust

THE following companies saw new developments that may affect trading of their securities on Thursday (Jul 6):

Frasers Centrepoint Trust (FCT), OCBC : FCT’s manager is taking out a S$419 million green loan from OCBC for decarbonisation projects that include procuring energy-efficient technology for Tampines 1, among other general corporate purposes. FCT will also use carbon credits sourced through OCBC to invest in Verra or Gold standard-certified carbon reduction nature-based projects, both parties announced on Thursday. FCT units closed S$0.02 or 0.9 per cent lower at S$2.16 on Wednesday, while OCBC ended S$0.12 or 1 per cent down at S$12.23.

Singapore Post (SingPost): The government said it will consider allowing SingPost to introduce postage rate adjustments to “better reflect the cost of letter mail business”, following a sharp decline in domestic letter volumes since the pandemic. Shares of SingPost traded flat at S$0.455 on Wednesday, before the announcement.