Stocks to watch: Singtel, Mapletree Logistics Trust, Soilbuild
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THE following companies saw new developments that may affect trading of their securities on Friday (Jun 14):
Singtel : Its Australian unit Optus Mobile intends to defend proceedings filed by the Australian Communications and Media Authority (ACMA) regarding a cyberattack in 2022. On Friday, Optus said it was aware of only about 10,200 customers having their personal information published on the Internet as a result of the cyberattack, as opposed to ACMA’s claim alleging 3.6 million breaches of the Australian Telecommunications (Interception and Access) Act. Shares of Singtel closed flat on Thursday at S$2.56.
Mapletree Logistics Trust : The trust’s manager announced on Thursday its proposed divestment of 119 Neythal Road in Jurong for S$13.8 million. The sale price is 34 per cent above the property’s valuation of S$10.3 million at the end of March. The transaction is expected to be completed by the second quarter of the 2024/2025 fiscal year. Units of Mapletree Logistics Trust closed S$0.01 or 0.8 per cent higher at S$1.33, before the announcement.
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