Stocks to watch: Singtel, CLCT, AA Reit, SIA Engineering, Keppel DC Reit

THE following companies saw new developments that may affect trading of their securities on Tuesday (Jul 26):

Singtel : The telecommunications group on Tuesday announced plans to divest its subsidiary Amobee to the UK’s Tremor International for an enterprise valuation of US$239 million. The transaction will realise some US$197 million in net proceeds and is expected to complete by September this year. Shares of Singtel ended Monday 1.1 per cent or S$0.03 lower at S$2.62.

CapitaLand China Trust (CLCT): The China-focused real estate investment trust (Reit) on Tuesday posted a 3.1 per cent year-on-year drop in H1 distribution per unit (DPU) to S$0.041 after opting to retain S$3.6 million of the amount available for distribution for financial flexibility. Excluding the amount retained, DPU would have been 2.1 per cent higher at S$0.0432. CLCT closed 0.9 per cent or S$0.01 higher at S$1.16 on Monday.