Stocks to watch: CapitaLand, IReit, MCT, Nanofilm, LMIRT, Jardine C&C, HG Metal

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

CapitaLand: It will be investing 3.66 billion yuan (S$757.7 million) to acquire its first hyperscale data centre campus in China, said the property giant on Wednesday before the market opened. Separately on Tuesday, CapitaLand announced that Lucas Loh will be relinquishing his current role as the group's China president, effective today. Shares of CapitaLand ended Tuesday flat at S$3.74 before both announcements.

IReit Global: The Europe-focused real estate investment trust (Reit) on Wednesday morning said it was proposing to acquire a portfolio of 27 freehold retail properties in France from sporting goods retailer Decathlon for 110.5 million euros (S$176.8 million). Its manager intends to finance the intended acquisition through net proceeds raised from the issue of new units, among other methods of financing. Units of the Reit closed flat at S$0.65 on Tuesday.

Mapletree Commercial Trust (MCT): Its distribution per unit (DPU) for the second half of the year ended March 31 rose 57.9 per cent to 5.32 Singapore cents from 3.37 cents in the previous year. The DPU includes a part release of retained cash carried forward from Q4 of FY2020. MCT units closed at S$2.13 on Tuesday, down S$0.01 or 0.5 per cent, before the announcement.

Nanofilm Technologies International: On Tuesday the nanotechnology solutions provider said it was "preparing for the possibility of deferment of selected 3C projects from its initial production schedules" as a result of the current global chip shortage situation. This was in response to a question submitted by shareholders ahead of the company's April 28 annual general meeting. Prior to the announcement, shares of Nanofilm closed down S$0.03 or 0.6 per cent at S$5.31.

Lippo Malls Indonesia Retail Trust (LMIRT): Its DPU for the first quarter ended March 31 fell 33.3 per cent to 0.08 Singapore cent from 0.12 cent the previous year. The decline was a result of lower revenue as well as rental and net property income, as discounts and relief adjustments were provided to tenants in relation to Covid-19. Units of LMIRT closed 0.1 Singapore cent or 1.4 per cent higher at 7.1 cents on Tuesday, prior to the results announcement.

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Jardine Cycle & Carriage (Jardine C&C): The investment holding company of the Jardine Matheson group said it "continued to operate in challenging conditions" for its first quarter ended March 31 due to the ongoing Covid-19 pandemic. Most of the group's operations had lower performance in Q1 FY21 compared to the same period last year. Prior to its announcement, Jardine C&C ended Tuesday S$0.11 or 0.5 per cent higher at S$22.95.

HG Metal Manufacturing: The steel products maker on Tuesday clarified that its final dividend for FY2020 is 0.5 Singapore cent per share and not S$0.50 per share, which was wrongly stated in its announcement filed a day earlier. This comes after its shares saw a high volume of trade on Tuesday morning; the counter rose 3.5 Singapore cents or 11.5 per cent to 34 cents, prior to a trading halt at 11.52am. HG Metal will resume trading in its shares today.

GS Holdings: The Catalist-listed company on Tuesday announced that it has managed to recover 100 million yuan (S$20.4 million) of a substantial debt owed to it by 14 food-and-beverage outlets in China. Shares of GS Holdings last changed hands at S$0.45, before it called for a trading halt on April 23 pending the announcement. It has requested to resume trading today.