Stocks to watch: Sembcorp, CapitaLand Ascott Trust, Paragon Reit, Lendlease Global Reit, CSE Global, Cordlife
THE following companies saw new developments that may affect trading of their securities on Tuesday (Aug 6):
Sembcorp Industries : The energy company on Tuesday posted an 11 per cent fall in net profit to S$540 million for the first half ended June, from S$608 million in the previous corresponding period. Its board has approved an interim cash dividend of S$0.06 per share for H1. Shares of Sembcorp closed 2.4 per cent or S$0.11 lower at S$4.51 on Monday.
CapitaLand Ascott Trust (Clas): The stapled group has secured a S$165 million sustainability-linked multi-currency revolving credit facility from OCBC, its managers announced on Tuesday. Proceeds will be used for general corporate purposes. Stapled securities of Clas ended Monday S$0.02 or 2.3 per cent down at S$0.87.
Paragon Reit : It posted a 4.1 per cent fall in distribution per unit (DPU) to S$0.0232 for the first half of its 2024 financial year ended Jun 30. The fall in DPU was attributed to management fees being paid fully in cash to reduce dilution of unitholders’ returns. Units of Paragon Reit closed at S$0.855, down 1.7 per cent or S$0.015 on Monday, before the announcement.
Lendlease Global Commercial Reit : The manager of the real estate investment trust announced a DPU of S$0.0177 for the second half of FY2024 ended Jun 30. This is 21.2 per cent lower than the S$0.0225 in the same period a year earlier. The counter closed 2.5 per cent or S$0.015 lower at S$0.585 on Monday, before the results were released.
CSE Global : The systems integrator said on Monday that it has secured S$204.4 million worth of new orders in the second quarter ended Jun 30, an 11.7 per cent year-on-year fall from S$231.4 million. Shares of CSE Global slid 6.5 per cent or S$0.03 to close at S$0.435, before the announcement.
Cordlife : More than 25.5 million shares in the mainboard-listed cord-blood bank have been disposed of by a substantial shareholder of the company. This represents around 10 per cent of the shares in Cordlife. The counter was up 2.8 per cent or S$0.004 at S$0.147 at Monday’s close.
Trading halt: Mainboard-listed Geo Energy Resources has requested a trading halt on Tuesday morning, pending the release of an announcement. Shares of the company closed 1.8 per cent or S$0.005 lower at S$0.28 on Monday.
Hospitality-focused AF Global has also requested a trading halt on Tuesday morning, pending the release of an announcement. Shares of the mainboard-listed company were down 1 per cent or S$0.001 at S$0.104 on Monday.
