SINGAPORE: If you’re looking for stocks with business developments that drive revenue and boost profits, here are four stocks to keep your eyes on this month.CapitaLand Ascott Trust is a hospitality trust managing 102 properties with over 18,000 units across 16 countries in the Asia-Pacific region.Recently, CLAS acquired the remaining 10% stake in Standard at Columbia, a freehold student accommodation property in South Carolina, USA.
For the upcoming academic year 2024/2025, the pre-leasing occupancy rate hit 99% as of the end of May, with a positive rental reversion of 4% compared to the previous year.The earnings before interest, taxes, depreciation, and amortisation yield on the total development cost is projected to be around 7%, up from 6.2% estimated in 2021.Singtel, Singapore’s largest telco, offers mobile, broadband, and pay-TV services. Last month, Singtel made two significant announcements.
This investment gives Singtel exposure to STT GDC, one of the world’s fastest-growing data centre providers, with 95 centres across 11 geographies.