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amzl
2021-12-16

Sg property should buy as a foreigner?

Singapore stocks to watch: Property developers, Isetan, Starhill Global Reit, Q&M

THE following companies saw new developments that may affect the trading of their securities on Thur

Singapore stocks to watch: Property developers, Isetan, Starhill Global Reit, Q&M

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The changes take effect from Thursday.\nAll 3 property developer counters closed lower on Wednesday, prior to the government's announcement. CapitaLand Investment shares were down 0.3 per cent or S$0.01 to S$3.44, CDL fell 0.4 per cent or S$0.03 to S$7.07 and UOL ended the day 0.7 per cent or S$0.05 lower at S$7.10.\nIsetan (Singapore), Starhill Global Reit: (1I5) (P40U): The department store operator on Wednesday said it had not gathered enough interest from investors for the purchase of its space at the Wisma Atria shopping mall on Orchard Road. Meanwhile, YTL Starhill Global Reit, which owns about 74 per cent of the total share value of strata lots in Wisma Atria, on Thursday said it remains open to exploring acquisition opportunities with Isetan. Shares of Isetan closed flat at S$4.12 on Wednesday, before the announcement, while units of Starhill Global Reit closed up S$0.005 or 0.8 per cent at S$0.64.\nQ&M Dental Group (Singapore) (QC7), Aoxin Q & M Dental Group (1D4): Acumen Diagnostics, which is 51-49 owned by Q&M and Aoxin Q&M, has been granted a licence by the Ministry of Health to provide offsite swabbing and Covid-19 polymerase chain reaction (PCR) tests services at Q&M's network of clinics and Acumen's headquarters. Shares of Aoxin Q&M closed at S$0.24, down S$0.005 or 2.1 per cent, while shares of Q&M closed at S$0.59, down S$0.005 or 0.8 per cent, before the announcement.\nDel Monte Pacific: (D03) Philippines food and beverage manufacturer posted earnings of US$35.8 million for the second quarter to October, 63.8 per cent higher year-on-year, as its United States unit more than doubled profits. 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Singapore stocks to watch: Property developers, Isetan, Starhill Global Reit, Q&M

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