Stocks to watch: Nio, SingPost, Digital Core Reit, Trendlines

THE following companies saw new developments that may affect the trading of their securities on Thursday (Jan 2):

Nio : The Chinese electric vehicle maker on Wednesday announced it delivered a record 72,689 vehicles in the fourth quarter of 2024, 45.2 per cent higher than the previous year. The numbers for December were at a monthly high, with the company delivering 31,138 vehicles, up 72.9 per cent from the year-ago period. Shares of Nio on the Singapore Exchange closed US$0.06 or 1.3 per cent lower at US$4.51.

Singapore Post (SingPost): The postal services provider has appointed Neo Su Yin, 44, as its group chief operating officer, effective Jan 2. She will oversee the group’s Singapore and international business units and property, said SingPost on Thursday. The counter closed 1.9 per cent or S$0.01 higher at S$0.53 on Tuesday.

Digital Core Reit : Its manager on Thursday said a customer’s option for lease renewal at the real estate investment trust’s 8217 Linton Hall asset in Northern Virginia had expired unexercised. The customer currently occupies the entire building, and is expected to move out after the lease expires on Jun 30, 2025. Units of Digital Core Reit ended Tuesday flat at US$0.58.

Trendlines Group : The startup incubator on Thursday said it was alerted to a “potential issue of misappropriation of funds” from the accounts of its Singapore subsidiary, Trendlines Agrifood Innovation Centre, on Dec 30. A police report was lodged the following day, and the group said it will provide an update on the total amount misappropriated once investigations have concluded. Its shares closed Tuesday unchanged at S$0.051.