Stocks to watch: Chip Eng Seng, Sabana Reit, Medtecs, QAF, Sinjia Land, Japan Foods
THE following companies saw new developments that may affect trading of their securities on Thursday (Jul 21):
Chip Eng Seng : C29 0%: The property developer is terminating all sale contracts under its planned mixed-use development, 28 Lyall South Perth, as it has been unable to engage a builder “on terms which are financially viable” in view of rising costs. In a bourse filing on Thursday, Chip Eng Seng noted incremental execution and financial risks to complete the project – and therefore has decided to “allow the purchasers a timely exit” by terminating the sale contracts. The counter ended Wednesday 0.8 per cent or S$0.005 lower at S$0.64.
Sabana Industrial Reit : M1GU 0%: The mainboard-listed real estate investment trust posted a distribution per unit of S$0.0159 for the first half of its fiscal year ended June, up 7.4 per cent from S$0.0148 in the corresponding year-ago period. Units of Sabana Reit closed on Wednesday at S$0.445, up 2.3 per cent or S$0.01, prior to the results 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
Capital Markets & Currencies
Singapore stocks end lower after US market wobbles ahead of CPI data; STI down 0.2%
LSEG reports in-line first quarter as Microsoft partnership progresses
Japan brokerage Daiwa’s Q4 profit more than doubles as markets recover
South Korea readies new system to detect illegal short-selling
Asia: Markets mixed as global rally stalls, eyes on yen
Singapore shares retreat at Thursday’s open; STI down 1.1%