Stocks to watch: Frasers Property, Frasers Centrepoint Trust, Thomson Medical, Marco Polo Marine

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Aug 26):

Frasers Property, Frasers Centrepoint Trust (FCT) : Frasers Property on Monday said it is buying 10 strata lots in Yishun 10 mall beside Northpoint City for S$34.5 million. The seller is Frasers Centrepoint Trust. Upon completion, Frasers Property will fully own Yishun 10 as it has already bought the cinema complex in the building from Golden Village Multiplex for S$48 million. Shares of Frasers Property ended Monday 5.3 per cent or S$0.05 higher at S$1, while units of FCT closed 1.8 per cent or S$0.04 up at S$2.29, before the announcement.

Thomson Medical Group : The healthcare provider on Monday announced its Johor Bay “mega project” in Malaysia, with a projected gross development value of over RM18 billion (S$5.5 billion). The integrated project is said to span 10.5 hectares with a hospital, a specialist centre, and assisted living and healthcare ancillaries. It will also incorporate luxury residences, hospitality, commercial and lifestyle elements. No timeline for the development’s completion was provided by the group. Shares of Thomson Medical rose 4.3 per cent or S$0.002 to S$0.049 on Monday, before the news.