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Stocks to watch: Fragrance, Ezra, Ascendas India Trust
THESE stocks had news on Tuesday that may influence trading on Wednesday:
Fragrance Group: The real estate and hospitality company said on Tuesday that it has set up a wholly-owned subsidiary in the United Kingdom, which has emerged as the top contender in a tender exercise conducted by the Liverpool City Council for a property situated along Dale Street, within the city centre in Liverpool.
Ezra Holdings: Chiyoda Corp and NYK Line on Tuesday issued warnings of one-time writedowns against their stakes in Emas Chiyoda Subsea (ECS), a joint venture with Singapore-listed Ezra Holdings.
Ascendas India Trust: Extra income from two new buildings - an IT park in Chennai which was acquired in March 2016 called CyberVale 3, and the recently completed Victor building at the International Tech Park Bangalore - coupled with rental increases at existing properties boosted Ascendas India Trust's third-quarter performance.