Stocks to Watch on Friday | Lianhe Zaobao

As the latest inflation data from the United States comes in below expectations, the three major U.S. stock indices have all rebounded, with the Nasdaq index rising by 1.38%; the S&P 500 index and the Dow Jones Industrial Average increased by 0.79% and 0.14%, respectively. The U.S. Bureau of Labor Statistics announced on Thursday (December 18) that the Consumer Price Index (CPI) for November rose by 2.7% year-on-year, lower than the expected 3.1%; the core CPI, excluding food and energy prices, also increased by 2.6% year-on-year, again below the market expectation of 3%. Seema Shah, an analyst at Principal Asset Management, believes that the lower-than-expected inflation in November provides strong ammunition for a dovish U.S. Federal Reserve to support a rate cut in January. Turning to the Singapore stock market, as investors remain cautious, the Straits Times Index fell by 0.11% or 4.87 points to 4570.61 points on Thursday. Here are some stocks to watch on Friday (19th): Stoneweg Europe Stapled Trust sold a building named Maxima located in Rome for €34 million (approximately S$51 million). This transaction is 32% higher than the valuation from June this year. The trust announced before the market opened on Friday that the proceeds from the sale will be used to repay debt, serve as working capital, and seek other investment opportunities. So far this year, the trust has accumulated €140 million in asset sales, with overall transactions exceeding independent valuations by 5.6%. The trust rose by 0.62% to €1.61 on Thursday. Further Reading Investors remain cautious, Straits Times Index falls 0.11% to 4570.61 points Coliwoo has signed a sale-and-leaseback agreement regarding the sale of 80% of its subsidiary Coliwoo PP. Coliwoo PP manages a high-end co-living hotel located on Pasir Panjang Road in Brazil. Coliwoo announced on Friday that the aforementioned sale-and-leaseback agreement allows the company to continue operating the related hotel. The company also revealed that this transaction is expected to generate approximately S$15.3 million in net income, which can be used to repay debt, serve as working capital, and support future expansion plans Helehu dropped 1.79% to HKD 0.55 on Thursday. Wee Hur Holdings has completed the sale of an Australian student accommodation project valued at approximately AUD 14.36 million. Wee Hur Holdings will receive the sale proceeds in two phases, with the first payment of AUD 5.78 million (approximately SGD 4.93 million) received on Wednesday (17th). As for the second payment totaling AUD 11.05 million (nearly SGD 9.43 million), it is expected to be received by January 31 next year at the latest. "Although the second payment has not yet been received, the settlement of this accommodation project was completed on Wednesday." At the close of trading on Thursday, Wee Hur Holdings rose 0.69% to HKD 0.72. Wee Hur Holdings announced on November 3 that its Australian subsidiary, Anchor Urban Development, in which it holds an indirect 80% stake, signed a sale and purchase agreement on October 31 to sell the property located at 188 Grenfell Street, Adelaide to Grenfell Trust