Stocks to watch: Mapletree Industrial Trust, The Hour Glass, UI Boustead Reit, Boustead Singapore, Aspial Lifestyle

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (May 25):

Mapletree Industrial Trust (MIT) : The manager of the trust on Monday announced the sale of Philadelphia Data Centre for US$14.5 million. This price represents a 4.3 per cent premium above the independent valuation of US$13.9 million as at Mar 31, noted a bourse filing. Units of MIT ended Monday 0.5 per cent or S$0.01 higher at S$1.95 before the news.

The Hour Glass : The luxury watch retailer on Friday posted a 39 per cent increase in net profit to S$103.8 million for its second half ended Mar 31, on the back of stronger sales momentum. This was up from S$74.4 million a year earlier. Its revenue for the period rose 16 per cent year on year to S$722.8 million, from S$622.6 million. Shares of The Hour Glass rose 2.1 per cent or S$0.05 to close at S$2.46 on Friday, before the release of results.

UI Boustead Reit , Boustead Singapore : Both parties are co-investing in the development of a build-to-suit aerospace facility in Seletar Aerospace Park, which has a project value of around S$104 million. A bourse filing on Friday indicated that the facility will be fully leased to “a leading global aerospace corporation” for about 22.5 years, with built-in rental escalations. The Reit holds a 51 per cent interest in the development, while a subsidiary of Boustead Singapore holds the remaining 49 per cent. Units of UI Boustead Reit closed S$0.01 or 0.7 per cent higher at $0.78 on Friday, while shares of Boustead Singapore ended 1.7 per cent or S$0.04 higher at S$2.42, before the news.

Aspial Lifestyle : The consumer lifestyle group on Monday (May 25) said it had completed a private placement of around 149.2 million new shares to at an issue price of S$0.402 per share, raising proceeds of about S$60 million. It added that a second part of the equity fundraising comprises a preferential offering of 61.7 million new shares at the same issue price – to raise gross proceeds of about S$24.8 million. Shares of Aspial Lifestyle ended 1.2 per cent or S$0.005 lower at S$0.415 on Friday before the news.