Singapore stocks to watch: First Reit, SLB Development, Lian Beng_老虎社区_美港股上老虎

Singapore stocks to watch: First Reit, SLB Development, Lian Beng

businesstimes2022-01-07

THE following companies saw new developments that may affect trading of their securities on Friday (Jan 7):First Real Estate Invest Trust (First Reit): The independent directors of First Reit's ...

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·2022-01-07
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This comes after independent financial adviser Stirling Coleman Capital advised First Reit's independent directors, and the audit and risk committee to recommend that unitholders approve the transactions, on the basis that the acquisition and settlement are both on normal commercial terms. First Reit's units closed flat at S$0.315 before the announcement on Thursday.SLB Development, Lian Beng Group:Catalist-listed property developer SLB announced in a Thursday bourse filing that it anticipates a \"significant\" year-on-year increase in net profit for H1 2022 ended November. This is mainly due to substantial sales of units in its projects, with contributions recognised as construction progressed, SLB said. However, parent company Lian Beng said it still expects its overall performance for the half-year to be lower than for the previous year, as a result of continued challenges amid the pandemic. Lian Beng Group will release its financial results on or before Jan 14. 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