Stocks to watch: ST Engineering, Keppel DC Reit, Xiaomi

[SINGAPORE] The following companies saw new developments that may affect trading of its securities on Wednesday (Mar 19).

ST Engineering : The group is targeting S$17 billion in revenue and improved net profit margin that outpaces its top-line increases by up to five percentage points annually over the next five years, said group chief executive officer Vincent Chong at the company’s investor day on Tuesday. ST Engineering expects to reap S$6 billion in revenue from its commercial aerospace segment, more than S$7.5 billion from defence and public security, and S$3.2 billion from its urban solutions and satcom unit by 2029. Its shares closed on Tuesday at S$6.38, up 0.9 per cent or S$0.06.

Keppel DC Real Estate Investment Trust (Reit) : The company’s wholly owned subsidiary, Keppel DC Reit Financial Company, obtained a loan facility of 50 million euros (S$72.8 million) guaranteed by Perpetual (Asia) in its capacity as trustee of Keppel DC Reit, its manager said on Tuesday. Units of Keppel DC Reit closed on Tuesday 0.9 per cent or S$0.02 lower at S$2.17.