Stocks to watch: Sembcorp, Mapletree Industrial Trust, Ho Bee Land
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On January 29, Sembcorp Industries announced its subsidiary will supply Micron with an additional 150 megawatts of power for a new plant, while also benefiting from a potential drop in LNG prices. Mapletree Industrial Trust reported a 7% decline in distribution per unit and an 8% drop in Q3 revenue. Ho Bee Land promoted Li Xiangrun to CFO effective February 1. Sembcorp shares fell 0.2% to S$5.92, MIT units remained flat at S$2.11, and Ho Bee Land shares dropped 0.4% to S$2.48.
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