Stocks to watch: SIA, Keppel DC Reit, Sabana Reit

THE following companies saw new developments that may affect trading of their securities on Tuesday (Apr 16):  Singapore Airlines : C6L 0% (SIA): The national carrier and its low-cost arm Scoot together moved 3.3 million passengers in March, up 20.7 per cent from the previous year. In a bourse filing on Monday, the group said its passenger traffic rose 13.9 per cent year on year to 12.7 billion revenue passenger-kilometres, which refers to the number of passengers carried multiplied by the distance flown. Shares of SIA closed down S$0.12 or 1.9 per cent to S$6.32, before the announcement. 

Keppel DC Real Estate Investment Trust : AJBU 0% (Reit): It is divesting a 100 per cent freehold interest in its Sydney data centre at an agreed value of A$174 million (S$152.1 million), representing a 35.4 per cent premium to the asset’s FY2023 valuation of A$128.5 million. A$90 million of the sale proceeds will be reinvested into an Australian data centre note, said the manager on Tuesday. Keppel DC Reit ended Monday S$0.02 or 1.2 per cent lower at S$1.69.

Sabana Industrial Reit : M1GU 0%: The Reit manager said in a business update on Monday that its portfolio occupancy retreated from 91.2 per cent in the fourth quarter of 2023 to 83 per cent in Q1 of 2024, due to the repossession of 33 and 35 Penjuru Lane, which were previously master-leased. The manager also noted that it has faced high staff attrition amid internalisation uncertainties. Units of Sabana Reit closed flat at S$0.365, before the news.