Stocks to watch: Ascendas India Trust, UOB, LMIRT, Creative, NutryFarm

THE following companies saw new developments that may affect trading of their securities on Monday:

CY6U: Its trustee-manager on Monday announced it will commit an investment of 12 billion rupees (S$216.6 million) to develop and operate the first out of two buildings planned for Ascendas India Trust's upcoming data centre campus in India. Acquisition of the site is expected to complete by Q3 of 2021, and completion of the first building is scheduled for Q2 of 2024. Units of Ascendas India Trust closed Friday S$0.03 or 2.1 per cent higher at S$1.44.

U11: The bank has restored access to its UOB Mighty and personal Internet banking services after they were disrupted on Sunday morning. It said that its systems remain secure, and clarified that its automatic teller machines were not affected. Shares of UOB ended 0.4 per cent or S$0.09 higher at S$25.85 on Friday.

D5IU: The manager of the trust announced last Friday that it would temporarily close 16 malls and six retail spaces in Java and Bali due to rising Covid-19 cases and anticipated emergency restrictions on public activity. In its announcement, the manager said that the closures would last from July 3 to July 20, with only essential services allowed to remain open. Units of LMIRT closed flat at 6.3 Singapore cents on Friday, before the announcement.

C76: The consumer electronics firm said on Friday it expects to report an operating loss for FY2021. Revenue is estimated at around US$36 million for the second half of the financial year ended June 30, 2021, an increase from US$30 million in the corresponding period of the previous year, but a decrease compared to US$47 million in the first half of FY2021. Shares of Creative closed 2.3 per cent or S$0.06 higher at S$2.70 on Friday, before the announcement.

AZT: The technology provider's chief executive officer, Cheng Meng, told The Business Times on Monday that the firm wants to seize on China's demand for durians, and eventually create an international platform where fresh produce can be sold and traded. Shares of NutryFarm closed 3.3 per cent or 1.5 Singapore cents lower at 43.5 cents on Friday.

Trading halt: Yinda Infocomm on Monday requested a trading halt pending the release of an announcement. Shares of Yinda closed at 29.5 Singapore cents on Friday, up 0.5 cent or 1.7 per cent.