Stocks to watch: Frasers Property, Mapletree Industrial Trust, SingLand, Olam
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Sep 1):
Frasers Property recently acquired Cuppage Terrace, a cluster of 17 conservation shophouses in Orchard Road, for S$175 million. The property has a gross floor area of 34,678 square feet and 62 years remaining on its 99-year lease. The stock of Frasers Property closed at S$1.02 on Monday, up 1% from the previous close of S$1.01.
Meanwhile, Mapletree Industrial Trust's manager stated that there is "no certainty or assurance" of any divestment opportunities in North America. The trust was evaluating potential sales of its data center assets in the US. The company's shares ended Monday at S$1.94, up 1% from the prior close of S$1.93.
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