Stocks to watch: Second Chance Properties, ESR-Logos Reit, Banyan Tree

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.

Banyan Tree : The resort operator on Wednesday said it obtained its first sustainability-linked loan. Worth S$70 million, the senior unsecured syndicated loan is led by Maybank, with the Singapore branches of Bank of India and Hua Nan Commercial Bank as lead arrangers. Shares of Banyan Tree closed S$0.005 or 1.3 per cent down at S$0.385, after the news. 

Trading halt: Seatrium requested a trading halt on Thursday morning, pending the release of announcements. The counter ended Wednesday down S$0.002 or 2.5 per cent at S$0.079.