ARA Asset, CapitaLand, Frasers Centrepoint, NeraTel, Trendlines

SINGAPORE (Nov 9): Here are some factors and stocks that could move the market this Wednesday morning:

ARA Asset Management founder and CEO John Lim is leading a consortium that includes Cheung Kong Property and Straits Trading Company to take the group private at $1.78 a share. Teaming up with them in the buyout are US PE firm Warburg Pincus and AVIC Trust Co, a unit of the Shanghai-listed AVIC Capital Co. ARA shares jumped 6% to a 52-week high of $1.495 in active trade on Nov 3 before the trading halt.

CapitaLand reported a 28.4% rise in 3Q earnings to $247.5 million from a year ago on better operating performance. Operating PATMI grew 54.5% to $251.8 million due to higher contributions from the group’s residential businesses in Singapore and China, commercial portfolio in Singapore, shopping malls in China and Malaysia, as well as newly acquired serviced residences. Shares of CapitaLand closed 2 cents higher at $3.06.

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