Stocks to watch: CapitaLand Investment, Mapletree Industrial Trust, Frasers Centrepoint Trust
THE following companies saw new developments that may affect trading of their securities on Thursday (Jan 23).
CapitaLand Investment: Its wholly owned lodging business unit Ascott signed 16 new properties under the Oakwood brand in 2024 – a 30 per cent increase over the previous year. The Oakwood portfolio now comprises nearly 100 properties and its global footprint spans 14 countries. Looking ahead, Ascott believes Oakwood is well-positioned to meet the rising demand for business and leisure travel. Shares of CapitaLand Investment ended Wednesday 1.6 per cent or S$0.04 lower at S$2.45.
Mapletree Industrial Trust (MIT): The distribution per unit for MIT rose 1.5 per cent to S$0.0341 for its third quarter ended Dec 31, 2024, from S$0.0336 in the prior year. The distribution will be paid out on Mar 14, after books closure on Feb 3. In Q3, the industrial trust completed the acquisition of a freehold mixed-use facility in Tokyo for 14.5 billion yen (S$125.8 million). Units of MIT closed at S$2.21 on Wednesday, down S$0.03 or 1.3 per cent, before the news.
Frasers Centrepoint Trust (FCT): The trust posted a committed occupancy of 99.5 per cent for its retail portfolio for the first quarter of its financial year ending Sep 30, 2025. This was maintained through proactive asset and property management. Tenants’ sales for the three months ended Dec 31, 2024, were up 2.5 per cent year on year, while shopper traffic for its malls grew 2.7 per cent. Units of FCT ended Wednesday at S$2.11, down S$0.04 or 1.9 per cent, before the news.
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