Stocks to watch: SIA, Wilmar, Elite Commercial Reit
Michelle Zhu
THE following companies saw new developments that may affect trading of their securities on Tuesday (Jan 16):
Singapore Airlines (SIA): The national carrier posted a 15.8 per cent increase in passenger traffic in December 2023 during the year-end peak travel season. Its revenue passenger-kilometres and passenger capacity for the month were up compared with the prior year’s levels. Before the announcement on Monday, the counter closed 0.2 per cent or S$0.01 higher at S$6.53.
Wilmar International : The agribusiness group on Tuesday said it has zero tolerance for corrupt practices after its China subsidiary denied involvement in an alleged palm oil fraud. Wilmar added that it does not condone any corrupt acts by any of its employees or office holders. The counter closed 0.3 per cent or S$0.01 lower at S$3.44 on Monday.
Elite Commercial Reit : Its fully underwritten non-renounceable preferential offering at £0.27 per unit received 61 per cent valid acceptances and raised gross proceeds of about £28 million (S$47.2 million), announced its manager on Tuesday. Units of the real estate investment trust ended Monday £0.01 or 3.7 per cent higher at £0.28.
Trading halt: Cordlife Group called for a trading halt on Tuesday morning before the market opened, pending the release of an announcement. On Monday, The Business Times reported that one of the cord-blood banker’s storage tanks was found to have hit a temperature as high as 20.4 degrees Celsius in 2021. The counter last closed 1.6 per cent or S$0.005 lower at S$0.305, before the news.
