Stocks to watch: Sembcorp, CDL, Frasers Property, Sabana Reit, ValueMax

THE following companies saw new developments that may affect trading of their securities on Monday (Jan 20).  

Sembcorp Industries : The energy and urban development company, through its subsidiaries Sembcorp Green Hydrogen India and Sembcorp Development, signed two non-binding memorandums of understanding (MOUs) with the state government of Odisha. The company said the signing of the MOUs is not expected to have a material impact on earnings per share and net tangible assets per share for the financial year ending Dec 31, 2025. Shares of Sembcorp closed Friday up 1.3 per cent, or S$0.07, at S$5.63, before the news.

City Developments Limited (CDL) : Its wholly owned subsidiary plans to acquire all the fully paid ordinary shares in Millennium & Copthorne Hotels New Zealand that it does not already own, at NZ$2.25 a share. On Monday, CDL said the offer is being made with a view to delist and privatise the hotel company, which will “simplify the ownership structure” of CDL New Zealand’s investment entities. Shares of CDL ended Friday 1 per cent or S$0.05 higher at S$5.10.