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Stocks to watch: DeClout, Soilbuild Reit, Duty Free International
THESE stocks had news that may affect their trading on Thursday.
DeClout: Three months after it spun off and listed its unit Procurri on Singapore Exchange's mainboard, the information and communications technology (ICT) service provider is on to its "second harvest" - to plump up its capital base by selling a 72.09 per cent owned subsidiary to China's Citic Telecom International Holdings for up to S$75 million.
Soilbuild Business Space Reit: The industrial landlord's third-quarter revenue, earnings and distributions were hit by lower occupancies at its properties. For the three months ended Sept 30, gross revenue fell 4.7 per cent to S$19.73 million from a year ago while net property income dropped 2.9 per cent to S$17.26 million.
Duty Free International: A rise in revenue and foreign exchange gains boosted results for Duty Free International (DFI) in its fiscal second quarter. Net profit surged 46 per cent to RM13.8 million (S$4.5million) from the year-ago period, the group said in a Singapore Exchange (SGX) filing on Wednesday evening.