Stocks to watch: SIA, Sats, UOL, SingLand, GuocoLand, Dasin Retail Trust 

THE following companies saw new developments that may affect trading of their securities on Monday (Mar 18):

Singapore Airlines (SIA) : The national carrier moved 28.2 per cent more passengers on a group level in February year on year (yoy), it said in its operating results on Friday. Passenger traffic for SIA was up 20.4 per cent yoy on a capacity increase of 20.7 per cent over the same period. Shares of SIA were down S$0.04 or 0.6 per cent at S$6.38, before the announcement. 

Sats : The company on Saturday said it has sold its ground handler unit Maytag Aircraft for an enterprise value of US$46 million. This followed its announcement on Friday about plans to acquire an air cargo handler and border inspection business in Sweden through its wholly owned subsidiary for 94 million Swedish kronor (S$12.2 million). The counter closed S$0.01 or 0.4 per cent lower at S$2.55, before its Friday announcement. 

UOL Group and Singapore Land Group (SingLand) : Both developers on Sunday announced they sold 74 per cent of the 180 units at their jointly developed residential project, Watten House. The 133 units sold for an average of S$3,250 per square foot (psf). UOL shares ended Friday down 0.9 per cent or S$0.05 at S$5.65, while SingLand shares closed flat at S$1.80.  

GuocoLand : The developer’s latest high-end residential project, Lentor Mansion, achieved 75 per cent sales over its launch weekend. Some 400 units were sold at the development, ranging from S$2,104 psf to S$2,478 psf, GuocoLand said on Sunday. Shares of the group closed S$0.02 or 1.4 per cent down at S$1.43 on Friday. 

Dasin Retail Trust : The trustee-manager of Dasin Retail Trust has taken legal action against its former chief executive officer Wang Qiu, and its creditor Zhang Guiming, following letters of demand from the two. It is also pursuing its own claims against Wang. Units of the trust closed flat at S$0.025 on Friday, before the news.