Stocks to watch: Stoneweg E-Reit, Grand Venture Technology

THE following companies saw new developments that may affect trading of their securities on Monday (Jan 13):

Stoneweg European Real Estate Investment Trust (Stoneweg E-Reit): The Reit received a “BBB-” long-term issuer credit rating from S&P Global Ratings, on the expectation of stable operational performance and cash flow over the next two years. On Friday (Jan 10), S&P said it believes the Reit’s portfolio quality will deliver a healthy occupancy rate. It added that the accessibility and connectivity of the Reit’s logistics and industrial properties – which comprise 55 per cent of its portfolio – will likely attract “high-quality tenants”. Units of Stoneweg E-Reit closed flat on Friday at 1.59 euros (S$2.23) after the news. 

Grand Venture Technology : The manufacturing service provider is partnering the Agency for Science, Technology and Research to develop a customised manufacturing platform for advanced ceramics. The tie-up will allow Grand Venture Technology to “capture opportunities in high-growth industries and strengthen its competitive edge”, said the mainboard-listed company on Monday. The counter ended 1.2 per cent or S$0.01 higher at S$0.835 on Friday.