Stocks to watch: Suntec Reit, Centurion, Second Chance, Y Ventures

THE following companies saw new developments that may affect trading of their securities on Monday (Oct 23):

Suntec Real Estate Investment Trust (Suntec Reit): The Reit on Friday posted a 14 per cent year-on-year decline in distribution per unit for the three months ended Sep 30 to S$0.01793, from S$0.02084. This was amid higher financing costs and a weaker Australian dollar. Suntec Reit units closed at S$1.12, down S$0.02, or 1.8 per cent, before the announcement.

Centurion : The dormitory operator on Monday said it is partnering Abu Dhabi’s largest staff accommodation company Kezad Communities, to expand its business in the Middle East. They are exploring a tie-up to provide accommodation for employees and students in the region. Centurion’s shares closed on Friday 1.3 per cent or S$0.005 lower at S$0.385.