Stocks to watch: Singtel, First Reit, Keppel Corp, Sembmarine, Low Keng Huat, Wing Tai

THE following companies saw new developments that may affect trading of their securities on Friday (Apr 1):

Singapore Telecommunications (Singtel): The telco's unit Australia Tower Network (ATN) on Friday said it has proposed to acquire Axicom, a provider of telecommunications tower infrastructure in Australia, for A$3.6 billion (S$3.7 billion). Singtel, which sold a 70 per cent stake in ATN in 2021, will hold an 18 per cent interest in the combined ATN and Axicom business post-acquisition. Shares of Singtel closed at S$2.64 on Thursday, down S$0.02 or 0.8 per cent.

First Real Estate Investment Trust (First Reit): It has priced S$100 million in aggregate principal amount 5-year guaranteed bonds at 3.25 per cent. The bonds are guaranteed by the Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank. In an announcement on Friday, the Reit manager said this represents Singapore's first-ever healthcare social bond. Units of First Reit ended Thursday S$0.005 or 1.6 per cent higher at S$0.31.