Stocks to watch: CDL, ComfortDelGro, Keppel Infrastructure Trust, IReit Global, Nanofilm

THE following companies saw new developments that may affect the trading of their securities on Friday (Dec 22):

City Developments Ltd (CDL): The property giant anticipates a substantial drop in attributable profit for its 2023 financial year ending Dec 31, as no significant divestment gains were made in the year. On Thursday, the group said it nonetheless expects to remain profitable for FY2023. Shares of CDL closed up 0.8 per cent or S$0.05 at S$6.41, before the announcement was made.

ComfortDelGro (CDG): The land transport group is buying Australia-listed A2B Australia, a public company which operates a taxi network throughout the country, for a total consideration of A$165.1 million (S$145.7 million). This will be done through CDG’s acquisition of all A2B Australia’s shares which it does not already own at A$1.45 per share, announced the group on Friday. Shares of CDG ended Thursday down S$0.01 or 0.7 per cent at S$1.36.