Stocks to watch: Sats, Centurion, Vertex Technology, Elite Commercial Reit, BRC Asia

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

Sats : The in-flight caterer and ground handler said it remains on track to restore profitability, in response to media articles detailing its notice of three consecutive years of losses, among others. On Tuesday, the group cited factors including the global travel recovery, new contract wins, operational efficiencies, and synergies achieved through the integration with Worldwide Flight Services. The counter closed on Monday S$0.01 or 0.4 per cent higher at S$2.66.

Centurion : The property player is selling two of its assets in Malaysia to the country’s largest public sector pension fund, Kumpulan Wang Persaraan (KWAP), for a total consideration of RM227 million (S$65.2 million). It has also agreed to lease back the properties from KWAP for a period of 15 years from completion of the sale. Centurion ended S$0.005 or 1.3 per cent down at S$0.395 on Monday, after the announcement.