Singapore Stocks to Watch: AEM, Frasers Property, Cromwell E-Reit, Qian Hu

Tiger Newspress01-15

The following companies saw new developments that may affect the trading of their securities on Monday (Jan 15):

AEM said on Sunday (Jan 14) that it has found a shortfall in the group’s inventories following an internal stock-taking exercise, which it expects to negatively impact the group’s profitability for FY2023.

Minority shareholders of Frasers Property Ltd (FPL) offered lots of ideas during the company’s annual general meeting (AGM) last year about what could be done to increase its dividend rate and boost its share price.

Cromwell European Real Estate Investment Trust‘s portfolio valuations fell 3 percent for the full year ended Dec 31, 2023 to about 2.3 billion euros (S$3.3 billion). The total portfolio valuation was based on a like-for-like comparison and excluding capital expenditure, and accounted for benefits of valuation uplifts for properties under development in Italy, the Czech Republic and Slovakia.

Qian Hu has sunk into the red with a net loss of S$9.3 million for the second half of the financial year ended Dec 31, 2023. This is in contrast to a net profit of S$584,299 in the year-ago period, the company said in a bourse filing on Friday (Jan 12).

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