Stocks to watch: Ho Bee Land, Q&M Dental, Daiwa House Logistics Trust, PSC, Tat Seng, Cordlife

THE following companies saw new developments that may affect trading of their securities on Monday (Aug 12):

Ho Bee Land : The property developer has agreed to sell a 49 per cent stake in its wholly-owned subsidiary which owns the group’s landmark biomedical development, Elementum, at a consideration of S$134 million. This is based on an agreed property value of S$555 million for Elementum, said Ho Bee Land on Monday. Its shares closed on Thursday up S$0.01 or 0.6 per cent at S$1.79.

Q&M Dental Group : The dental group on Monday reported a net profit of S$9.8 million for the first half ended June 2024, up 84 per cent from S$5.3 million in H1 FY2023 on higher revenue and net other gains. Its board has proposed a S$0.004 per share interim dividend, up from S$0.0016 in the prior year. Shares of Q&M ended Thursday flat at S$0.265.