The Business Times
business-time-50

Stocks to watch: Sabana Reit, GuocoLand, Parkson Retail Asia

google-preferred-sourceAdd BT as a preferred source

Caleb Yap

Published Wed, Apr 5, 2023 · 08:37 AM
    • Sabana Reit has received provisional permission from the Urban Redevelopment Authority for additions and alterations to its Tuas property.
    • Sabana Reit has received provisional permission from the Urban Redevelopment Authority for additions and alterations to its Tuas property. PHOTO: SABANA INDUSTRIAL REIT

    THE following companies saw new developments that may affect trading of their securities on Wednesday (Apr 5):

    Sabana Industrial Real Estate Investment Trust (Sabana Reit): The Reit has received provisional permission from the Urban Redevelopment Authority (URA) for additions and alterations to its Tuas property. Its manager estimates the development cost of the project to be around S$20 million. Units of Sabana Reit rose by S$0.005 or 1.2 per cent to S$0.44 on Tuesday, before the news. 

    GuocoLand : The real estate developer’s tie-up with Hong Leong Holdings’ Intrepid Investments emerged as the sole bidder for a 99-year leasehold private housing site in Lentor Gardens, URA said on Tuesday. The team-up placed a bid of S$486.8 million. GuocoLand shares inched higher by S$0.01 or 0.6 per cent to end at S$1.63, before the announcement was made.  

    Stocks to watchSingapore Stocks

    TRENDING NOW

    In hiring for AI-fluent users, companies will do well to better define and test applicants on their capacity for human oversight.

    Employers want AI-fluent employees. Hiring them is the challenge

    The price of Category B COEs, used to register larger, more powerful cars and electric vehicles, is up 6% at S$130,889.

    Cat A hits record S$129,000 as COE rises across the board

    Recent cuts at e-commerce platforms such as Shopee is signalling shifting business priorities.

    E-commerce job cuts signal S-E Asia’s shift from scaling to deeper user engagement

    In 2027, the combined maximum incentives for EV cars will be lowered to S$20,000 from S$30,000 currently.

    Changes to EV incentives, uncertainty over COE framework drive Category A premium to a new high in ‘re-run of 2025 mania’

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More