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.