Singapore stock watch: CapitaLand, ST Group Food, Koh Brothers, Darco Water, Metro, Suntec Reit

The Singapore Exchange Centre in Shenton Way. ST PHOTO: KUA CHEE SIONG

SINGAPORE (THE BUSINESS TIMES) - The following companies saw new developments that may affect trading of their securities on Thursday (June 25):

CapitaLand: The property giant on Thursday said it is rolling out digital solutions at its Singapore business parks and offices to help tenants cope with the "new normal" as their staff return to work during Phase Two of the nation's reopening. Shares of CapitaLand ended Wednesday at $2.90, down $0.02 or 0.7 per cent.

ST Group Food Industries: The Catalist-listed firm will open 10 new food and beverage outlets by September, in a push to expand its operations across its key geographical markets of Australia, New Zealand and the UK. ST Group Food's shares closed flat at 16.5 cents on Wednesday, before the announcement.

Koh Brothers Group, Koh Brothers Eco Engineering (KBEE): Koh Brothers Group on Wednesday evening announced it has sold 22 per cent of its freehold luxury residence Van Holland. It also expects a negative impact on the group's full-year financials amid the Covid-19 pandemic. Separately, KBEE disclosed that the Singapore bourse has no objection to the proposed spin-off and listing of its unit Oiltek, although KBEE is reviewing the situation. Koh Brothers Group's shares last traded at 16.6 cents on Tuesday, while KBEE rose 0.1 cent or 2.5 per cent to finish Wednesday at 4.1 cents.

Darco Water Technologies: The mainboard-listed company addressed issues raised by minority shareholders amid concerns that the company has lost its direction following a surprise change in leadership. The counter climbed $0.01 or 11.8 per cent to $0.19 at Wednesday's close, before the regulatory filing.

Metro Holdings: The property investment and retail group on Thursday reported that its net profit plunged 81.9 per cent to $11.3 million for the half year ended March 31, 2020, from $62.4 million a year ago. Shares of mainboard-listed Metro dropped one cent or 1.3 per cent to finish Wednesday at 75.5 cents.

Suntec Real Estate Investment Trust (Suntec Reit): The trust's commercial asset Suntec City has launched what it says is Singapore's first livestreaming shopping festival, taking a leaf from the rising popularity of the livestream shopping trend in China. Units of Suntec Reit advanced $0.02 or 1.4 per cent to close at $1.47 on Wednesday.

Singapore Telecommunications (Singtel): The telco on Thursday said its wholly-owned Australian unit Singtel Optus has priced two deals: A$350 million (S$334.7 million) worth of five-year notes as well as A$500 million in 10-year notes. Singtel shares finished Wednesday at $2.53, up $0.01 or 0.4 per cent.

Mapletree Industrial Trust (MIT): Market watchers are largely positive on MIT's latest proposed acquisition, which is set to increase its exposure to US data centres. MIT units gained $0.13 or 4.6 per cent to $2.97 at Wednesday's close.

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