Stocks to watch: Keppel, Top Glove, Procurri, Procurri, AEM, Suntec Reit

THE following companies saw new developments that may affect trading of their securities on Friday:

Keppel Corporation: The company posted revenue of S$1.89 billion for its first quarter ended March 31, a 1.7 per cent increase from revenue of S$1.86 billion in the same period of the prior year. Keppel closed 0.4 per cent or S$0.02 higher at S$5.33 before the results were shared.

Top Glove: The world's largest rubber glove manufacturer announced on Thursday it will sell 793.5 million new shares to raise HK$7.94 billion (S$1.36 billion). The counter gained 2.3 per cent or S$0.04 to close at S$1.80 before the announcement was made.

Procurri Corporation: The tech company has received another letter dated April 22 from substantial shareholder Koh Swee Yong indicating the intention to vote against Novo Tellus' offer of 36.5 Singapore cents per share. Mr Koh owns approximately 5.9 per cent of Procurri. The counter closed at 35 Singapore cents prior to the announcement, down 1.4 per cent or half a cent.

AEM Holdings: The mainboard-listed company has acquired 26.6 per cent of South Korean company Ateco, which develops memory test handler solutions, for US$3.8 million. Shares of AEM closed flat at S$3.98 on Thursday before the announcement was made.

Mapletree North Asia Commercial Trust: The trust posted a distribution per unit of 6.175 Singapore cents for the year ending March 31, down 13.3 per cent from the previous year. The counter closed 0.9 per cent or 1 Singapore cent higher at S$1.07.

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Suntec Real Estate Investment Trust: Its distribution per unit for Q1 2021 increased by 16.2 per cent to 2.045 Singapore cents, from 1.76 cents in the year-ago period. Units of the Reit closed 0.7 per cent or 1 Singapore cent higher on Thursday at S$1.55, before the announcement.

Frasers Centrepoint Trust (FCT): Its distribution per unit for H1 FY2021 ended March rose by 28.4 per cent to 5.996 Singapore cents for its half year, from 4.67 cents last year. FCT units closed flat at S$2.45 the day before the results were released.

ARA Logos Logistics Trust (ARA Logos): Its manager on Thursday entered an agreement to divest ALOG Changi DistriCentre 2 for S$16.7 million. Separately, on Friday morning, ARA Logos announced a distribution per unit of 1.353 Singapore cents for Q1 2021, up 35.7 per cent year on year. The announcements were made after ARA Logos closed 0.7 per cent or half a Singapore cent higher at 74.5 cents on Thursday.

iFast Corporation: The wealth management platform posted a record net profit of S$8.8 million in the first quarter, more than double the S$3.6 million profit in the year-ago period. iFast Corporation closed 0.5 per cent or S$0.03 higher at S$6.18 before the results were posted.