Stocks to watch: Second Chance Properties, ESR-Logos Reit, Banyan Tree
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Michelle Zhu
THE following companies saw new developments that may affect trading of their securities on Thursday (Mar 28):
Second Chance Properties : The developer posted a 52.8 per cent year-on-year fall in its net profit to S$4.3 million for its first half ended Feb 29, 2024, due to lower contributions from its properties and securities businesses. The group’s revenue declined across all its segments, which are apparels, gold, properties and securities. The counter ended flat at S$0.23 on Wednesday, before the results were released.
ESR-Logos Reit : Its manager on Thursday said it obtained a S$200 million sustainability-linked unsecured revolving credit facility agreement. The loan will be used for general corporate funding purposes, and is due to mature two years from the utilisation date. Units of ESR-Logos Reit closed S$0.01 or 3.4 per cent higher at S$0.30 on Wednesday.
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