Stocks to watch: Sinarmas Land, Frasers Hospitality Trust, Procurri Corp
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On May 6, several companies in Singapore experienced notable developments. Sinarmas Land's independent financial advisor defended its valuation amid claims of undervaluation, with shares closing at S$0.32. Frasers Hospitality Trust reported a 6% drop in distribution per stapled security to S$0.010257 due to lower net property income and higher finance costs, closing at S$0.65. Procurri Corp appointed Evolve Capital Advisory as its independent financial advisor for a proposed acquisition by Exeo Global Asset Holdings, with shares closing at S$0.30.
Source: Businesstimes The copyright of this article belongs to the original author/organization.
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