Stocks to watch: Marco Polo Marine, Sabana Reit, CapitaLand India Trust, Far East Orchard

THE following companies saw new developments that may affect trading of their securities on Friday (Aug 23):

Marco Polo Marine : The integrated marine logistics company on Thursday posted a 2.6 per cent rise in gross profit to S$14.6 million for the third quarter ended Jun 30, from S$14.2 million for the same period the year before. This was despite a 4.6 per cent decline in revenue to S$34.9 million. Shares of the mainboard-listed company closed 3.9 per cent, or S$0.002 higher at S$0.054, before the update.

Sabana Industrial Real Estate Investment Trust (Sabana Reit): The trustee of the Reit said the requisitionists’ proposed candidates to be directors of the internal manager must first meet regulatory requirements and obtain approvals from the Monetary Authority of Singapore. This followed the Aug 12 move by five unitholders to requisition the manager to convene an extraordinary general meeting to consider appointing six individuals as the directors of the internalised manager. Units of Sabana Reit closed 1.5 per cent or S$0.005 higher at S$0.34 on Thursday, before the news.