Stocks to watch: Keppel, SPH, SPH Reit, Ascendas Reit, SIA, Creative Tech

THE following companies saw new developments that may affect trading of their securities on Tuesday (Nov 16):

Keppel Corporation, Singapore Press Holdings (SPH), SPH Reit: BN4 T39 SK6U Keppel has said that its final offer of S$2.351 per SPH share is "firm and irrevocable", and that it believes this offer is a compelling one. In a Tuesday (Nov 16) filing, the group said its offer provides the shortest time to payout by mid-January 2022 for SPH shareholders, should the deal be approved. Shares of Keppel closed on Monday (Nov 15) at S$5.31, up 0.4 per cent or S$0.02. SPH and SPH Reit were last at S$2.33 and S$1.02 respectively before calling for a trading halt on the morning of Monday (Nov 15). Both counters resume trading on Nov 16.

Ascendas Reit: A17U Its manager has formed a 66:34 joint venture with CapitaLand Development (CLD), the development arm of CapitaLand Group, to invest S$883 million to redevelop 1 Science Park Drive into a life science and innovation campus. Units of Ascendas Reit closed S$0.01 or 0.3 per cent higher at S$3.10 on Nov 15, before the announcement.

Singapore Airlines (SIA): C6L The flag carrier posted on Monday (Nov 15) that its passenger capacity recovered to slightly over a third of its pre-pandemic level in October, when the Republic expanded its vaccinated travel lane scheme to 7 more countries. The group carried 189,700 passengers in October, compared to just 49,000 a year ago. SIA shares closed at S$5.39 on Monday, up 0.9 per cent or S$0.05, before the operating results were released.

Creative Technology: C76 The mainboard-listed technology company has appointed Singapore's former foreign minister George Yeo as an independent non-executive director, it said on Monday (Nov 15). Yeo, whose role took effect on Monday, has more than 40 years of experience in both the public and private sectors. Creative shares closed at S$2.08 on Monday, down 1.4 per cent or S$0.03, before the business update.

Aoxin Q&M: 1D4 The Catalist-listed dental group announced on Monday (Nov 15) that it has suspended operations at 6 of its dental centres in China due to a fresh Covid-19 cluster in Liaoning province. The group said this comes after Chinese authorities issued a directive to temporarily suspend all non-emergency medical treatments, including dental services. Shares of the group closed flat at S$0.255 on Monday, before the announcement.