Stocks to watch: UOB, Sembmarine, Keppel, CDLHT, CapitaLand Ascott Trust, MPACT, Starhill Global Reit

THE following companies saw new developments that may affect trading of its securities on Friday (Oct 28):

United Overseas Bank (UOB): Net profit for its third quarter rose 34 per cent to S$1.4 billion, driven by strong net interest income, higher customer-related treasury income and lower credit allowance, said the bank on Friday. Shares of UOB ended Thursday down 0.2 per cent or S$0.06 at S$26.02.

Sembcorp Marine (Sembmarine), Keppel Corporation : The plan to merge both offshore and marine (O&M) giants has been simplified with a revised transaction structure that involves Sembmarine directly acquiring Keppel O&M from Keppel Corp at an improved equity-value exchange ratio, announced both companies on Thursday. Prior to the news, Sembmarine shares rose 1.7 per cent or S$0.002 to close at S$0.12. Keppel Corp – which also posted a 24 per cent year-on-year rise in revenue to S$6.8 billion for the first nine months of 2022 on the same day – ended 0.8 per cent or S$0.05 higher at S$6.65.