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Stocks to watch: Keppel stocks, CCT, MIT, Rex, Blumont
THE following stocks could see trading activity on Wednesday, some due to material announcements after the close of market trading on Tuesday.
Keppel Land and parent Keppel Corp announced trading halts on Wednesday morning "pending release of announcement".
Shares in Keppel Land had hit a 52-week high on Tuesday, with analysts speculating on the possibility of a special dividend announced ahead of its earnings release on Wednesday, or a pick-up in the China market.
Keppel T&T recommended a bumper dividend payout after its results on Tuesday, where net profit surged due to gains from the disposal of its data centre and associated properties for a real estate investment trust (Reit).
CapitaCommercial Trust (CCT), a real estate investment trust (Reit) holding central business district (CBD) offices, reported on Wednesday morning before trading hours a distribution per unit (DPU) of 2.15 cents for its fourth quarter ended Dec 31, 2014, up 2.9 per cent from 2.09 cents a year ago.
Mapletree Industrial Trust (MIT) reported a 6.4 per cent increase in distribution per unit (DPU) to 2.67 Singapore cents for its third quarter ended Dec 31, 2014, up from 2.51 cents a year ago.
Oil exploration and production firm Rex International said it has completed drilling three wells in Trinidad & Tobago and found two to be commercially viable. But it will record a "significantly bigger loss" for its financial year ended 2014, results which will be announced by March 1.
Blumont Group, one of the three stocks involved in the penny stock crash of October 2013, said on Tuesday evening that it will place out 100 million new shares to a private investor that will bring in S$1.67 million after expenses.