Yuuzoo, Ascendas REIT, Super, ISR

SINGAPORE (Dec 6): Here are some factors and stocks that could move the market this Tuesday morning:

Yuuzoo Corporation has launched YuuWallet, a proprietary electronic wallet (e-wallet) designed for use in developing markets as well as developed markets with low credit card penetration. YuuWallet will be fully embedded into YuuZoo’s social e-commerce platform, and marketed through the latter’s network of franchisees and partners. Shares of YuuZoo closed flat at 15 cents on Monday.

Ascendas REIT is planning to acquire 12, 14 & 16 Science Park Drive for a purchase consideration of $420 million from its sponsor Ascendas. The proposed acquisition is expected to generate a net property income yield of 6.0% post-acquisition costs in the first year of ownership. The annualised pro forma financial effect of the proposed acquisition on the DPU would be 0.059 cents per unit for the FY16 ended March. Ascendas REIT closed 1 cent higher at $2.36.

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