Stocks to watch: Frasers Property, Frasers Centrepoint Trust, Thomson Medical, Marco Polo Marine

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Aug 26):

Frasers Property, Frasers Centrepoint Trust (FCT): Its wholly owned subsidiary Lion (Singapore) on Monday entered into a sale and purchase agreement to acquire 10 strata lots in a retail development at the Yishun 10 shopping complex beside Northpoint City. The proposed transaction has a S$34.5 million consideration. Once the transaction completes, Frasers Property will have full ownership of Yishun 10, as it already owns the only other property located there, a cinema complex it acquired from Golden Village Multiplex for S$48 million. Shares of Frasers Property ended Monday 5.3 per cent or S$0.05 higher at S$1, while units of FCT closed 1.8 per cent or S$0.04 up at S$2.29, before the announcement.

Thomson Medical Group: The healthcare provider on Monday announced its Johor Bay “mega project” in Malaysia, with a projected gross development value of over RM18 billion (S$5.5 billion). The integrated project is said to span 10.5 hectares with a hospital, a specialist centre, and assisted living and healthcare ancillaries. It will also incorporate luxury residences, hospitality, commercial and lifestyle elements. No timeline for the development’s completion was provided by the group. Shares of Thomson Medical rose 4.3 per cent or S$0.002 to S$0.049 on Monday, before the news.

Marco Polo Marine: The marine logistics provider’s indirect subsidiary PKR Offshore (PKRO) said on Monday that it is planning a listing in Taiwan. PKRO will submit its listing application by the third quarter of 2026, and is expected to list in the later part of that year. Funds from the listing will be used to develop and expand its fleet of specialised offshore wind vessels, which includes commissioning service operation vessels. These vessels provide a platform for both crew and equipment that work on offshore wind farms. The counter closed up 3 per cent or S$0.002 at S$0.069, before the announcement.