Stocks to watch: Wilmar, Mapletree Logistics, Rex, Lian Beng, Centurion
THE following companies saw new developments that may affect trading of their securities on Monday (Jan 16):
Wilmar International : F34 0%: The mainboard-listed agribusiness group has secured a US$200 million sustainability-linked trade finance facility from Standard Chartered. The facility’s margin ratchet will move according to Wilmar’s annual performance against predefined internal key performance indicators and external benchmarking standards. Wilmar closed at S$4.15 on Friday, up 0.2 per cent or S$0.01.
Mapletree Logistics Trust : M44U 0%: The real estate investment trust will be divesting two warehouses in Malaysia worth a total of RM50.2 million (S$15.3 million) to Sigma Warehousing, said its manager on Friday (Jan 13). The consideration is 6.1 per cent higher than the latest aggregate valuation for both properties as at Oct 1, 2022. Units of the trust closed 0.6 per cent or S$0.01 lower at S$1.60 on Friday, before the announcement.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
China’s Bank of Communications Q1 profit rises 1.44%
Huawei’s smart car tech offers automakers route to China sales
Electrolux Q1 loss nearly triples on weak demand but beats expectations
DigitalBridge-backed Vantage said to weigh Hong Kong data centres sale
Vietnam delays launch of new stock trading system
Tesla’s plan for affordable cars takes page from Detroit rivals