Stocks to watch: CDL, Keppel Infra Trust, ESR-Logos Reit, OUE C-Reit, Straits Trading

THE following companies saw new developments that may affect trading of their securities on Tuesday (Jan 31):

City Developments Limited (CDL) : The property player said on Monday that it is in talks for the proposed acquisition of the St Katharine Docks development in London. The acquisition is said to be about £400 million (S$650.9 million) and CDL has “signed an exclusivity for due diligence together with a non-binding heads of terms”. CDL shares rose 0.1 per cent or S$0.01 to close at S$8.24 on Monday.

Keppel Infrastructure Trust (KIT) : Its manager on Monday posted a distribution per unit (DPU) of S$0.0191 for the second half ended December 2022. This was down 0.5 per cent from S$0.0192 in the year-ago period. The lower DPU came even as KIT’s distributable income rose 47.4 per cent to S$134.9 million, from S$91.6 million. Units of KIT rose 0.9 per cent or S$0.005 to S$0.57 on Monday.