SG stocks Friday: ARA US Hospitality Trust, QT Vascular, Daiwa House Logistics Trust

Singapore street scene in 1968; unknown location. Photo taken by Leonard Shaffer.Singapore street scene in 1968; unknown location. Photo taken by Leonard Shaffer.

Singapore companies in focus on Friday, 18 March 2022:

  • Daiwa House Logistics Trust updates on quake impact
  • ARA US Hospitality Trust to divest Hyatt Place Chicago Itasca
  • QT Vascular subsidiary to acquire three Eastern Dental Surgery clinics

Daiwa House Logistics Trust (DHLT)

Daiwa House Logistics Trust reported Thursday that its property manager in Japan has conducted a preliminary inspection of the trust’s properties after Wednesday’s strong earthquake. 

Read more: Daiwa House Logistics Trust updates on quake impact

ARA US Hospitality Trust

ARA US Hospitality Trust has entered a deal to divest the Hyatt Place Chicago Itasca (HPCI) to IHP Hospitality for US$7.75 million in cash, the REIT said in a filing to SGX Thursday. 

Read more: ARA US Hospitality Trust to divest Hyatt Place Chicago Itasca

QT Vascular

QT Vascular‘s indirect 60 percent-owned subsidiary Eastern Dental Centre has entered a deal to acquire three Eastern Dental Surgery clinics in Singapore for S$1.26 million, the company said in a filing to SGX Thursday.

Read more: QT Vascular subsidiary to acquire three Eastern Dental Surgery clinics

Payments outlook

Credit cards may be one of Singapore’s aspirational five Cs, but plastic payments appear to be losing their allure around the region.

Read more: Credit cards are losing allure in Asia

Briefs

Singapore company briefs: Ho Bee Land, Singapore Exchange (SGX), Khong Guan, City Developments and Millennium & Copthorne Hotels New Zealand (MCK).

Read more: SG briefs: Ho Bee Land, SGX, City Developments, MCK, Khong Guan

Executive Moves

Singapore companies announcing executive changes: Banyan Tree Group, Far East Orchard, Ascent Bridge and GS Holdings.

Read more: Executive Moves: Banyan Tree, Far East Orchard, Ascent Bridge, GS Holdings

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