Stocks to watch: CapitaLand Commercial Trust, Ezra, Healthway
THE following companies saw new developments that may affect their share price on Wednesday.
CapitaLand Commercial Trust: For the first quarter of financial year 2017, the trust manager reported a higher distribution per unit at 2.40 Singapore cents. Net property income grew by 34.3 per cent to S$69.9 million, while gross revenue increased by 33.9 per cent to S$89.5 million. Distributable income rose 9.9 per cent to S$71.3 million. It also reported that it has gained initial approval from the authorities for its plans to redevelop Golden Shoe Car Park.
Ezra Holdings: The offshore support provider's noteholders want the founding Lee family behind the debt-laden listed group to consider a rights issue as a restructuring plan is being drawn up for its Chapter 11 filing under the US bankruptcy code.
Healthway Medical Corporation: Ahead of the private healthcare provider's extraordinary general meeting to vote on the second tranche of S$60 million convertible notes, some minority shareholders have raised concerns whether private-equity fund Gateway Partners is there to make a quick buck at their expense.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Vietnam delays launch of new stock trading system
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data