SINGAPORE (May 5): Here are some stocks to watch this Friday morning:

The Ascott Limited, CapitaLand’s wholly-owned serviced residence business unit, has acquired a prime property on New York’s Fifth Avenue. Ascott will also invest a total of close to US$50 million ($68 million) in the property. Shares of CapitaLand closed 2 cents lower at $3.64.

See: Ascott acquires hotel on New York’s Fifth Avenue for $68 mil

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