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Stocks to watch: OUE Reit, OUE Ltd, Frasers Property, Vicom, UOB

LongportJun 25, 2026 12:52 AM
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source: TheBusinessTimes

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Jun 25):

Frasers Property : TQ5 0%: The real estate group on Thursday said it is proposing a S$2.1 billion optimisation of its Frasers Hospitality Trust (FHT) portfolio, marking the next stage of its hospitality strategy following the trust’s privatisation last year. The restructuring will, among other things, reverse certain legacy arrangements and bring FHT’s carved-out lease and reversionary interests under a single title ownership. It will also allow Frasers Property to consolidate full ownership of Fraser Suites Singapore, facilitating a potential redevelopment of the Valley Point site. Units of Frasers Property ended flat at S$1.07 on Wednesday.

OUE Reit : TS0U 0% and OUE Ltd : LJ3 0%: The manager of the real estate investment trust (Reit) on Thursday said it will divest the Crowne Plaza Changi Airport hotel for S$500 million in a distribution-accretive move to a Tokyo Century-OUE Limited joint venture. The manager of the Reit intends to distribute S$20 million of net cash proceeds to unitholders over the first two years after the divestment. Units of OUE Reit rose 1.4 per cent or S$0.005 to close at S$0.355 on Wednesday, while shares of OUE Limited fell 2 per cent or S$0.02 to close at S$1.

Vicom : WJP 0%: The vehicle inspection company’s long-serving CEO Sim Wing Yew will retire at the end of 2026 after 14 years at the helm, it announced on Wednesday. Its deputy CEO Chung Tying Chun has been appointed as its new CEO, with effect from Jan 1, 2027. The counter closed at S$1.79 on Wednesday, up 0.6 per cent or S$0.01, before the announcement.

UOB : U11 0%: The local bank on Wednesday said it will set up a Board Technology Committee to shape its technology and digital strategy. The committee will be effective from Jul 1, and oversee UOB’s technology risk management, operational resilience and governance. Shares of UOB ended 0.2 per cent or S$0.06 higher at S$39.90 on Wednesday, prior to the news.

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