Stocks to watch: DBS, SGX, Frasers Centrepoint Trust, Thakral, Dasin Retail Trust

[SINGAPORE] The following companies saw new developments that may affect trading of its securities on Tuesday (Apr 8).

DBS: On Monday night, DBS said it was informed by Toppan Next Tech, one of its vendors for the printing of customer statements and letters, that it had been a victim of a ransomware attack. About 8,200 customers of DBS – as well as 3,000 from the Bank of China’s Singapore branch – had their customer information compromised, potentially including their first and last name, postal address, as well as details relating to equities held under DBS Vickers and Cashline loans. The bank will be contacting potentially affected customers. Shares of DBS closed at S$39.28, down S$4.02 or 9.3 per cent on Monday, before the announcement.

Singapore Exchange (SGX): Amid a period of volatility when the Straits Times Index (STI) plunged after the Trump tariffs were announced, investors will be watching how the index performs, as well as trading volumes on SGX. On Friday, the STI closed 3 per cent or 116.37 points lower, and on Monday it declined 7.5 per cent or 285.36 points to 3,540.5 – its worst fall since 2008. Shares of SGX closed on Friday at S$13.02, and tumbled 9.5 per cent or S$1.23 to close at S$11.79 on Monday.

Frasers Centrepoint Trust (FCT): The manager on Tuesday announced the launch of a preferential offering at S$2.05 per unit. It will be made on the basis of 54 preferential offering units for every 1,000 existing units as at 5 pm on Apr 3, to raise gross proceeds of about S$421.3 million. It is open for subscription on Tuesday at 9 am and its closing date is on Apr 16. Units of FCT closed 4.1 per cent or S$0.09 lower at S$2.10 on Monday.

Thakral: The company has clarified rumours that its associate GemLife, a resort-living developer in Australia, is gearing up for an initial public offering, and said there is “no certainty or assurance” that any transaction will go through. It said GemLife is “currently considering its strategic options, which may include the consideration of a possible initial public offering, and is intending to conduct a series of introductory meetings with investors regarding GemLife”. Shares of Thakral closed at S$0.78, down S$0.01 or 1.3 per cent on Monday, before the announcement.

Dasin Retail Trust: Its trustee-manager has declared an upcoming extraordinary general meeting (EGM) called by several dissenting unitholders “invalid and ineffective”, and that any resolutions passed during the meeting will be void. Its board – with the exclusion of minority directors – has recommended that unitholders do not participate in the proposed EGM, which is set to take place on Apr 17. The trustee-manager also does not intend to participate in the meeting, it said in a bourse filing on Monday.

The notice of the EGM stated that Resolution 3 of the requisition notice was the only one tabled for consideration. Resolution 3 seeks approval for the proposed termination of FTI Consulting (Singapore) as adviser to Dasin Retail Trust with immediate effect, and for a new adviser to be appointed in its place by the unitholders to assist with the restructuring of the trust’s financial obligations. Units of Dasin Retail Trust last closed at S$0.020 on Apr 2, before it called for a trading halt on Apr 4. It requested to lift its trading halt on Apr 7.