Stocks to watch: UOB, OUE C-Reit, Civmec, Samudera, Second Chance, Capital World

THE following companies saw new developments that may affect trading of their securities on Tuesday (Oct 31):

UOB : The lender’s financed emissions for five high-carbon emitting sectors in 2022 have declined from their 2021 baseline metrics. In its first annual update since announcing decarbonisation targets, UOB said its overall level of financed emissions was between 7 per cent and 14 per cent below its 2022 targets. Shares of UOB ended Monday S$0.05 or 0.2 per cent higher at S$27.08, before the news.

OUE Commercial Real Estate Investment Trust (OUE C-Reit): Its net property income grew 29.8 per cent to S$62.7 million for the third quarter ended Sep 30, from S$48.3 million in the year-ago period. The Reit’s performance for the quarter was driven by overall improvements in its portfolio, particularly in the hospitality sector, said its manager on Monday. Units of OUE C-Reit closed at S$0.225 on Monday, down 2.2 per cent or S$0.005, before the business update.