Stocks to watch: UOB, Lendlease Reit, IHH Healthcare, Cordlife

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Nov 27):

UOB : A High Court judge on Wednesday upheld his decision to award UOB S$17.7 million in the Lippo Marina Collection lawsuit. The damages were for losses the bank incurred as a result of disbursing inflated housing loans to buyers who bought units at Marina Collection. The bank had sought for S$92 million in damages, but Justice Aidan Xu said it “failed to mitigate its losses fully”. Shares of UOB rose 0.2 per cent or S$0.06 to close at S$33.92, before the announcement.

Lendlease Reit : The manager of the real estate investment trust (Reit) on Thursday said it completed the S$234.3 million purchase of 70 per cent of the units in PLQM Trust, which owns 100 per cent of PLQ Mall. The vendor was understood to be sovereign wealth fund Abu Dhabi Investment Authority. About S$280 million was raised from a private placement of units, of which S$234.5 million was used to fund the acquisition. Units of the Reit closed 0.8 per cent or S$0.005 down at S$0.615 on Wednesday.

IHH Healthcare : The healthcare company on Wednesday posted a net profit of RM616 million (S$194.3 million) for its third quarter ended Sep 30, a 15 per cent increase from RM534 million in the year before. Earnings per share stood at RM0.0697, up from RM0.0606 in the year-ago quarter. The company declared an interim single-tier cash dividend for the financial year ending Dec 31, of which RM0.05 per share was paid out on Oct 30. Its shares closed flat at S$2.51, prior to the results release.

Cordlife : The cord-blood bank received a notice from the Ministry of Health to stop collecting, testing, processing and/or storing new cord blood, effective Wednesday. This means that the group has been suspended from collecting new cord-blood units. These conditions will remain in force even if the company’s licence is renewed for one year in January 2026. Shares of Cordlife ended Wednesday flat at S$0.16, before the company called for a trading halt on Thursday prior to market open, pending an announcement.