Stocks to watch: Hatten Land, Singapore Myanmar Investco, Keppel Reit, Keppel Corp, Top Glove

Michelle Zhu

Published Thu, Sep 16, 2021 · 08:41 AM

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

Hatten Land, Singapore Myanmar Investco: PH0 Y45 H : Y45 0%atten Land on Thursday announced strategic initiatives involving cryptocurrency mining with SMI, and solar energy with Bursa-listed Nestcon. The Malaysia property developer will also raise up to S$1.8 million from a proposed share placement, which will be used to help fund these initiatives. Hatten Land on Thursday lifted its trading halt called on Monday. The shares last traded at 2.5 Singapore cents on Friday. SMI shares closed 3.8 per cent or 0.5 Singapore cent lower at 12.6 cents on Wednesday.

Keppel Reit: K71U It has priced S$150 million notes with a fixed coupon rate of 2.07 per cent per annum due 2028, the real estate investment trust's (Reit) manager announced Wednesday. Under the Reit's S$1 billion multicurrency debt issuance programme, the Series 005 notes are expected to be issued on Sept 24 at an issue price of 100 per cent of the principal amount and in denominations of S$250,000. Units of Keppel Reit ended unchanged at S$1.07 on Wednesday, before the news.

Keppel Corporation: BN4 Its subsidiary Keppel Electric has signed an exclusive framework agreement with Laos state-owned electricity company Électricité Du Laos, to jointly explore opportunities in importing renewable energy into Singapore. Importing renewable energy from Laos will enable Keppel Electric to diversify its energy portfolio. Prior to the announcement on Wednesday, shares of Keppel closed flat at S$5.25.

Top Glove: BVA The glovemaker has withdrawn its application for a US$1 billion dual primary listing on the Hong Kong Exchanges and Clearing (HKEX) after it had lapsed on Aug 26. The company, now dual-listed in Malaysia and Singapore, on Wednesday said it will re-submit a listing application to the Malaysian bourse after it re-submits its listing application to the HKEX. Its shares on the Singapore bourse closed unchanged at S$1.04 on Wednesday, before the announcement was made.

OKP Holdings: 5CF The infrastructure and civil engineering company has bagged a contract from PUB worth S$57.2 million for the Deep Tunnel Sewerage System project, it said in a bourse filing on Wednesday. This brings OKP's current net construction order book to S$320.9 million, with contracts extending up to 2025. Its shares closed unchanged at 18.7 Singapore cents on Wednesday, before the announcement was made.