Stocks to watch: Hongkong Land, ComfortDelGro, IReit Global, Coliwoo

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Nov 21): 

Hongkong Land : The property developer on Thursday reported a 13 per cent drop in underlying profit for the third quarter of FY2025 compared with the year-ago period. This was largely due to lower contributions from its Hong Kong office portfolio and pre-opening costs of its prime properties in China, it said. Shares of Hongkong Land fell 0.5 per cent or US$0.03 to close at US$6.30 on Thursday, before the news.

ComfortDelGro : The transport operator on Thursday announced senior leadership changes, which included the creation of a new “point-to-point mobility officer” role. Derek Koh will step down from his role as chief financial officer (CFO) in the new year and be replaced by current group deputy CFO, Christopher David White. The group chief point-to-point mobility officer role will be filled by Liam Griffin, the group’s current head of point-to-point mobility in the UK and the chief executive of ComfortDelGro’s London subsidiary, Addison Lee. Shares of ComfortDelGro rose 1.4 per cent or S$0.02 to close at S$1.47 before the announcement.

IReit Global : Construction works started in Q2 2025 are on schedule, with the first phase of completion set for Q2 2027. IReit posted a portfolio occupancy of 89 per cent as at Sep 30, down from 89.5 per cent in the year-ago period, the manager said on Thursday. Discussions with two potential office tenants to secure a lease commitment for a substantial portion of office space by Q1 of next year are underway, it added. Units of IReit Global closed flat at S$0.29 on Thursday, before the news.

Coliwoo : Coliwoo on Friday announced that it has entered into a 50:50 joint venture with Macritchie Developments to acquire Rehau Building, a freehold commercial property at 1 King George’s Avenue, for S$40 million. There are plans to convert the site into a co-living asset. Shares of Coliwoo closed at S$0.565, 0.9 per cent or S$0.005 higher on Thursday.