Stocks to watch: Top Glove, FLCT
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THE following companies saw new developments that may affect trading of their securities on Friday (Oct 11):
Top Glove : The glove manufacturer on Thursday reported a significantly narrower fourth-quarter net loss of RM3.6 million (S$1.1 million), down from its RM461.7 million net loss in the preceding year. This was attributed to higher sales volume as the group’s customers continued to replenish their glove inventories. Following the release of its results, shares of Top Glove on the Singapore bourse closed S$0.015 or 4.6 per cent lower at S$0.31.
Frasers Logistics & Commercial Trust (FLCT): The trust has renewed the lease for its Grade-A office building in Canberra, Australia, for 12 years from Jul 5, 2025. The building accounted for 3.2 per cent of FLCT’s portfolio value as at Mar 31 this year. Units of FLCT closed 1.7 per cent or S$0.02 lower at S$1.13 on Thursday, before the announcement.
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