Singapore Stocks to Watch: CapitaLand India Trust, Boustead Singapore, Boustead Projects, YKGI

Tiger Newspress2023-02-07

The following companies saw new developments that may affect trading of their securities on Tuesday (Feb 7):

CapitaLand India Trust (CY6U): CapitaLand India Trust’s (Clint) distribution per unit (DPU) rose 9 per cent to 3.91 Singapore cents in the six months ended Dec 31, 2022, its trust manager reported on Monday (Feb 6).

This brings its DPU for FY2022 to 8.19 Singapore cents, a 5 per cent increase from the year before.

Total property income for H2 grew 15 per cent to 6.2 billion rupees (S$107.3 million), resulting in a 12 per cent rise for the full year to 11.9 billion rupees. The Singapore dollar appreciated by about 3 per cent against the rupee during the year, Clint’s manager noted.

Boustead Singapore (F9D), Boustead Projects (AVM): Boustead Singapore has launched a voluntary unconditional offer for all the shares in Boustead Projects it does not own for 90 cents each.

The company intends to privatise Boustead Projects and delist it from the Mainboard of SGX-ST.

As at Feb 6, Boustead Singapore directly holds 171 million shares representing approximately 54.87% of the total number of issued shares of Boustead Projects.

YKGI (YK9): YKGI, the operator of Yew Kee Duck Rice and bubble tea brand Chicha San Chen’s Singapore franchise, fell 10.5 per cent or S$0.179 from its initial public offering (IPO) price of S$0.20 on its first trading day on the Catalist board of the Singapore Exchange.

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