Stocks to watch: Yangzijiang Shipbuilding, CapitaLand Investment, Dasin Retail Trust, Sembcorp Industries

THE following companies saw new developments that may affect trading of their securities on Tuesday (Dec 3):

Yangzijiang Shipbuilding : The maritime vessel maker announced on Monday that it had secured another US$2.6 billion in shipbuilding contracts, taking its order wins to US$14.3 billion in the year to date. This follows the company’s quarterly business update on Nov 7, where it reported having secured US$11.6 billion worth of order wins in the year to date, exceeding its target of US$4.5 billion for the 2024 financial year. The group’s shares closed at S$2.43 on Monday, up 0.8 per cent or S$0.02, before the announcement. 

CapitaLand Investment (CLI) : CapitaLand Malaysia Trust (CLMT), a subsidiary of CLI, has entered into a sale-and-purchase agreement to acquire a freehold automated logistics property in Selangor, Malaysia for RM180 million (S$54.2 million), according to CLMT’s manager on Monday. It added that the property, Elmina Logistics Hub, is expected to generate an annual gross rent of RM12.3 million, with a first-year gross yield of around 6.8 per cent. Elmina Logistics Hub will be fully let out for office and industrial purposes, with a fixed term of 10 years and an option to renew the lease for another two terms of five years each. Shares of CLI closed S$0.02 or 0.73 per cent higher at S$2.75, before the announcement.