Stocks to watch: SGX, Mapletree Pan Asia Commercial Trust, Boustead Singapore, Jumbo Group
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jan 20):
Singapore Exchange (SGX) : The SGX will expand its current suite of offerings to introduce futures on longer-dated Japanese government bonds (JGB), it announced on Monday. SGX will make 20-year mini JGB futures available for trading on Jan 26, just a few days after the Bank of Japan sets its monetary policy. Shares of SGX closed S$0.09 or 0.5 per cent lower at S$17.61 on Monday, after the news.
Mapletree Pan Asia Commercial Trust (MPACT) : The trust, alongside its parent company Mapletree Investments, said in a joint statement on Tuesday that they have appointed SP Group to design, build and operate a new distributed district cooling system at HarbourFront precinct. It will connect five buildings: Bank of America HarbourFront, the new HarbourFront Centre, the existing HarbourFront Towers 1 and 2, and VivoCity. The project will be one of Singapore’s largest brownfield district cooling deployments. Units of MPACT ended Monday at S$1.47 before the news.
Boustead , Jumbo Group : Jumbo Group is proposing to acquire a leashold interest in a Tai Seng Street property owned by Boustead Industrial Fund (BIF) through a special purpose vehicle. Jumbo Group said on Monday that as it occupies over half the leasable area in the property, the proposed acquisition allows it to mitigate exposure to future rental volatility and reduce risks of relocation disruptions as a co-investor. BIF is a private real estate trust established by Boustead’s real estate solutions division, Boustead Projects. Boustead shares ended Monday 0.5 per cent or S$0.01 down at S$1.82, before the news; Jumbo Group closed the day 1.7 per cent or S$0.005 up at S$0.30.
