Stocks to watch: Oxley, Dasin Retail Trust, LHN, NoonTalk

THE following companies saw new developments that may affect trading of their securities on Tuesday (Aug 22):

Oxley : The property developer issued a profit guidance statement on Monday, expecting a net loss for its second half-year and for the full financial year ended Jun 30, 2023, due to higher finance costs and a drop in revenue. Details of the company’s FY2023 financial performance will be released along with the results announcement, expected on or before Aug 29. Before the news, shares of Oxley closed down 2.5 per cent or S$0.003 at S$0.117.

Dasin Retail Trust : The Singapore Exchange Regulation (SGX RegCo) issued a “trade with caution” alert for Dasin Retail Trust on Monday, as its trading activity review revealed that an individual seemed to be buying units of the China retail property trust to maintain the price. Initial findings from SGX RegCo suggested that the individual may be connected to Dasin. Units of Dasin Retail Trust closed 6.9 per cent or S$0.006 higher at S$0.093, before the alert.