Stocks to watch: ST Engineering, MPACT, MLT, Digital Core Reit, Sabana Reit, OUE Reit

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Jul 24):

ST Engineering : The group on Wednesday announced that it won new contracts valued at S$4.7 billion in Q2 of this year. These comprise S$1.5 billion from the commercial aerospace segment, S$1.5 billion from the defence and public security segment and S$1.7 billion from the urban solutions and satcom segment. Shares of ST Engineering closed down 2.13 per cent or S$0.18 at S$8.27 before the news.

Mapletree Pan Asia Commercial Trust (MPACT) : The manager of MPACT said on Wednesday that it will be selling two office buildings in Japan for 8.7 billion yen (S$78.7 million). These buildings are Abas Shin-Yokohoma, which will be divested at 3.3 billion yen, and TS Ikebukuro Building, which will be sold for 5.4 billion yen. The consideration represents a 1.7 per cent premium against the aggregate purchase price of 8.6 billion yen. Units of MPACT ended flat at S$1.28 on Wednesday before the announcement.