Stocks to watch: ComfortDelGro, CapitaLand Investment, SPH Reit, SGX, The Hour Glass

THE following companies saw new developments that may affect trading of their securities on Thursday (Jun 2):

ComfortDelGro : The transport operator’s wholly-owned subsidiary CDC Darwin has won a bid to operate bus services in Darwin, Australia, it said on Thursday. CDC Darwin will be the sole operator of public bus transport in Darwin, Palmerston, rural areas and special needs services in the region. ComfortDelGro closed 1.4 per cent or S$0.02 higher at S$1.46 on Wednesday.

CapitaLand Investment : The property player on Thursday said its wholly-owned lodging business The Ascott is acquiring its first lyf-branded co-living property in Sydney. The acquisition will be made through the Ascott Serviced Residence Global Fund (ASRGF), Ascott’s private equity fund with Qatar Investment Authority. CapitaLand Investment closed 1.3 per cent or S$0.05 lower at S$3.90 on Wednesday.

SPH Reit : Cuscaden Peak’s mandatory cash offer to acquire all units of SPH Reit has turned unconditional in all respects, according to a bourse filing on Thursday. The closing date for the offer has also been extended for 2 weeks to 5.30 pm on Jun 30. Units of SPH Reit ended Wednesday unchanged at S$0.945.

Singapore Exchange (SGX): The bourse operator announced on Wednesday that the central depository (CDP) has made a blockchain-enabled bond issuance platform available to market participants, which will enable debt issuers to shorten the settlement time for new-issue bond offerings to 2 days, instead of 5. Shares of SGX closed up S$0.19 or 2 per cent at S$9.72 on Wednesday, before the announcement.

The Hour Glass : The luxury watch retailer announced on Wednesday that wholly-owned subsidiary The Hour Glass (Australia) has entered into a sale-and-purchase agreement to acquire a freehold property in Brisbane for A$82.2 million (S$81.4 million). Shares of The Hour Glass closed 0.8 per cent or S$0.02 higher at S$2.39 on Wednesday, before the announcement.