Stocks to watch: Singapore Airlines, CapitaLand Ascendas Reit, F&N

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Mar 25):

Singapore Airlines (SIA) : The flag carrier will fly to Sydney’s new 24-hour airport, it said on Tuesday. The new airport allows SIA to offer red-eye flights from Sydney, enabling it to bypass the 11 pm to 6 am curfew at the existing Sydney airport, with such flights preferred by corporate travellers. It will also help feed into SIA’s regional network, using Changi as a transit point after the dawn arrival of the new Sydney flight. Shares of SIA rose 0.3 per cent or S$0.02 to close at S$6.51 on Tuesday, before the announcement.

CapitaLand Ascendas Reit (Clar) : The manager of the real estate investment trust (Reit) on Wednesday announced that it will list 249.4 million private placement units at S$2.406 apiece and 129.1 million preferential offering units at S$2.35 each. This is part of its S$900 million fundraising to finance three Japan and Singapore assets and other purchases. Units of Clar fell 2.7 per cent or S$0.07 to close at S$2.50 on Monday, before it called for a trading halt that is now lifted.