Tuesday, October 27, 2015

Hyflux, ARA, Frasers Centrepoint, TalkMed, Leader Environmental, Ascendas India Trust

Here are some stocks to watch this Tuesday morning.

The National Environment Agency (NEA) on Monday signed a waste-to-energy services agreement with a consortium comprising Hyflux and Mitsubishi Heavy Industries (MHI). The consortium, through its project company, TuasOne Pte Ltd, will build Singapore's sixth waste-to-energy (WTE) plant and provide waste-to-energy services to NEA over a 25-year period from 2019 to 2044. Hyflux owns a 75% stake in TuasOne while MHI owns the remaining 25%. Shares of Hyflux finished flat at 70 cents on Monday.

Real-estate fund manager ARA Asset Management on Monday said that its subsidiary, ARA Korea has launched a privately-held REIT. Named ARA ShinYoung Residential Development Real Estate Investment Company, the REIT has a mandate to invest in homes in South Korea. This month, it completed its first investment in a residential development project in Seoul with a total development cost of about 43 billion won ($52.7 million). ARA closed at $1.415.

Frasers Hospitality, a member of Frasers Centrepoint, on Monday said it will be introducing its serviced residence brand, Modena by Fraser, to Thailand with the opening of Modena by Fraser Bangkok in 2016. The 239-unit Modena by Fraser Bangkok adds to Frasers Hospitality's portfolio in Thailand where it operates one other property. This is the 163-unit GoldStandard Fraser Suites Sukhumvit serviced residence in central Bangkok. FCL closed at $1.635 on Monday.

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