Stocks to watch: CICT, ESR-Logos Reit, Yangzijiang Shipbuilding, PropNex, Food Empire

Stocks to watch: CICT, ESR-Logos Reit, Yangzijiang Shipbuilding, PropNex, Food Empire

August 13, 2024 / Riah Marton /


THE following companies saw new developments that may affect trading of their securities on Tuesday (Aug 13):

Capitaland Integrated Commerical Trust (CICT): The trust’s H1 distribution per unit was 2.5 per cent to S$0.0543, from S$0.0530 in the corresponding period a year ago. Based on its results filing on Tuesday, half-year revenue was about S$792 million, up 2.2 per cent from S$774.8 million in H1 FY2023. Units of CICT closed about 1 per cent or S$0.02 higher at S$2.10 on Monday.

ESR-Logos Real Estate Investment Trust (ESR-Logos Reit): The trust has priced S$100 million perpetual capital securities at 6 per cent. This is in addition to the S$74.8 million perps that has been issued previously, it said on Tuesday. Net proceeds from the latest tranche will be used to finance the acquisition of a 51 per cent interest in a high-spec manufacturing plant in Singapore. The counter closed on Monday flat at S$0.255.

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Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

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