Stocks to watch: ESR-Logos Reit, Straco, Nordic, Japan Foods

THE following companies saw new developments that may affect trading of their securities on Wednesday (May 25):

ESR-Logos Reit : The real estate investment trust (Reit) will divest 3 Sanitarium Drive, a freehold property comprising industrial buildings in New South Wales, Australia, for A$55 million (S$53.4 million) to the Australasian Conference Association, its manager said on Wednesday. ESR-Logos Reit closed down 1.3 per cent or S$0.005 at S$0.395 on Tuesday.

Straco Corporation : The mainboard-listed tourism attractions operator posted a net loss of S$3 million in its fiscal first quarter ended Mar 31, compared with a net loss of S$390,000 in the year ago period. This came on the back of negative revenue growth from its attractions and business interruptions from Covid-19 measures, Straco said on Tuesday. The counter closed flat at S$0.42 on Tuesday, before the announcement.