Stocks to watch: CDL, Keppel Pacific Oak US Reit, Cordlife
THE following companies saw new developments that may affect trading of their securities on Wednesday (Apr 17):
City Developments Ltd : C09 0% (CDL): Its associate company Cityview Place sold 65 units at The Residences at W Sentosa Cove Singapore in a week, which is more than the 58 units put on the market on Apr 9. On Tuesday, it was reported that the units fetched an average selling price of S$1,780 per square foot. Shares of CDL closed S$0.09 or 1.6 per cent lower at S$5.61, prior to the news.
Keppel Pacific Oak US Reit : CMOU 0% (Kore): The office-focused US real estate investment trust’s distributable income for the first quarter ended March fell 8.8 per cent to US$11.9 million from US$13.1 million in Q1 FY2023. Its manager on Wednesday said this was mainly due to increased financing costs resulting from higher interest rates. Kore units ended Tuesday US$0.004 or 2.8 per cent lower at US$0.14.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
No extension to 6-month pause on DBS’ non-essential activities, but 1.8 times multiplier stays
CSE Global records S$186.2 million in Q1 new orders, up 16.7%
HSBC CEO to retire; bank reports 1.7% lower Q1 profit of US$10.8 billion
Huawei profit surges 564% as it eclipses Apple in China
Singapore stocks rise, tracking regional bourses; STI up 0.3%
Boosted by name brand beers, Carlsberg sees higher sales