Stocks to watch: SGX, Nio, Mapletree Logistics Trust, Parkway Life Reit, Vin’s Holdings
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (May 4):
Singapore Exchange (SGX) : Mercuria Energy Group is suing SGX subsidiary The Baltic Exchange, where rates are set for tankers and massive bulk carriers handling global commodity trade, according to a Bloomberg report. The suit is over hundreds of millions in alleged losses due to distortions in a key benchmark for the cost of shipping oil from the Middle East. Separately, the Monetary Authority of Singapore and SGX RegCo jointly announced on Thursday that the anticipated SGX-Nasdaq dual-listing bridge is set to launch in mid-2026. SGX shares ended Thursday 1.9 per cent or S$0.41 higher at S$21.70.
Nio : The Chinese electric vehicle maker delivered 29,356 vehicles in April 2026, a 22.8 per cent year-on-year increase. The group on Friday said that April’s tally brings its year-to-date deliveries to 112,821 vehicles, up 71 per cent from the year-ago period, but marks a pullback from the 35,486 units delivered in March. Nio’s shares closed 5 per cent or US$0.33 lower at US$6.30 on SGX on Thursday.
Mapletree Logistics Trust (MLT) : Its distribution per unit (DPU) for the fourth quarter ended March fell 7 per cent on the year to S$0.01819, said the manager on Thursday. Total DPU for FY2026 declined 9.8 per cent to S$0.07262, with Q4’s distribution to be paid on Jun 23. The declines came amid an absence of contributions from divested properties and weaker regional currencies. Units of MLT ended 0.8 per cent or S$0.01 lower at S$1.22 before the release of the results.
Parkway Life Real Estate Investment Trust (Parkway Life Reit): Its first-quarter DPU rose 15.1 per cent on the year to S$0.0442 from S$0.0384, amid greater rental contributions from Singapore hospitals. Distributable income climbed 15.1 per cent to S$28.8 million from S$25 million, while revenue fell 2.1 per cent to S$38.2 million, said the manager on Thursday. Units of Parkway Life Reit closed at S$4.02 on Thursday, lower by 1 per cent or S$0.04.
Vin’s Holdings : The automotive group is investigating payments made to an entity controlled by a former key executive, where about S$44,300 was found to have been paid to the entity for supposed services rendered to the group. In response to SGX queries, the Catalist-listed group on Thursday said that irregular transactions occurred during the tenure of its former group financial controller Koit Ven Jee, also known as Jamie. Shares of Vin’s Holdings ended down S$0.005 or 1.9 per cent at S$0.255 before the announcement.
