Stocks to watch: Singtel, LMIRT, The Hour Glass, CDL, Cortina, Delfi, Valuetronics

THE following companies saw new developments that may affect trading of their securities on Wednesday (May 29):

Singtel : The telco is part of a consortium poised as a frontrunner to buy a minority stake worth US$1 billion in ST Telemedia Global Data Centre (STT GDC), one of Asia’s biggest data centre providers, two sources with knowledge of the matter told Reuters. The consortium, which consists of US firm KKR and Singtel, aims to acquire up to 20 per cent of STT GDC. Shares of Singtel closed 1.2 per cent or S$0.03 higher at S$2.46, before the news on Tuesday. 

Lippo Malls Indonesia Retail Trust (LMIRT): Its manager announced on Wednesday that LMIRT has obtained a loan facility of up to 2.5 trillion rupiah (S$209.5 million). About 2.3 trillion rupiah of the proceeds will be used to prepay the trust’s Singapore dollar-denominated secured bank loans in June. The counter closed flat at S$0.012 on Tuesday.