Stocks to watch: CICT, Seatrium, Keppel DC Reit, UOB

THE following companies saw new developments that may affect trading of their securities on Friday (Apr 19): 

CapitaLand Integrated Commercial Trust (CICT): It posted a net property income of S$293.7 million for its first quarter ended Mar 31, up 6.3 per cent year on year, supported by higher gross rental income and lower operating expenses, CICT’s manager said in a business update on Friday. Units of CICT ended 0.5 per cent or S$0.01 higher at S$1.86 on Thursday.

Seatrium : A unit of the offshore and marine engineering group was ordered to pay US$108 million to MHWirth, a wholly owned subsidiary of US drilling services provider HMH. Seatrium said on Thursday that the ruling was made by a tribunal operating under the rules of the Singapore International Arbitration Centre. It comprises vendor termination fees, ancillary, and legal and arbitration proceeding fees. The counter closed S$0.001 or 1.3 per cent lower at S$0.076, before the news. 

Keppel DC Reit : The data centre-focused real estate investment trust (Reit) reported a 13.7 per cent lower Q1 distribution per unit of S$0.02192 on the year. Distributable income for the period was 16.3 per cent lower due to higher finance costs and less favourable forex hedges in 2024, said the Reit manager on Friday. The counter closed flat at S$1.66 on Thursday. 

UOB : The group’s chief executive and deputy chairman Wee Ee Cheong said on Thursday that UOB’s target to achieve a return on equity (ROE) of 14 per cent is “decent”. He added that the group’s ROE has a chance of further upside if the bank’s fees from its wealth business or trading activities do well. Shares of UOB closed up S$0.54 or 1.8 per at S$30.15, before the announcement.