Stocks to watch: UOL, Singapore Land Group, First Resources

The following companies saw new developments that may affect trading of their securities on Friday (Oct 3):

UOL, Singapore Land Group: The companies announced on Thursday the completion of the S$810 million en bloc deal for Thomson View condominium. In October 2024, developers UOL, SingLand and CapitaLand Development inked a conditional call-and-put option to purchase the 99-year leasehold development. Depending on the unit size, owners stand to receive between S$2.22 million and S$4.94 million each, the marketing agent had said. Shares of UOL closed 1.5 per cent or S$0.12 higher at S$8 on Thursday, before the news. SingLand shares closed at S$3.12, up 1.3 per cent or S$0.04.

First Resources: It has disposed of two indirect subsidiaries of Indonesian Stock Exchange-listed Austindo Nusantara Jaya, a company it had acquired earlier. This comes as it is determining the fair value of Austindo Nusantara Jaya’s assets and liabilities, the palm oil company said on Thursday. The sale of its entire interests in Permata Putera Mandiri and Putera Manunggal Perkasa for 405.6 million rupiah (S$31,455) is not expected to have a material impact on its consolidated net tangible assets and earnings per share for the financial year ending December 2025. The counter ended Thursday at S$1.71, up 0.6 per cent or S$0.01, before the news.