Stocks to watch: Cordlife, Seatrium, First Reit, CICT, KIT, Keppel Pacific Oak US Reit
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Oct 28):
Cordlife : The cord-blood bank said on Monday it had submitted its response to the Ministry of Health within the 14-days extension granted to the group to reply to the ministry’s plan to suspend the company’s cord-blood banking services for a year. Cordlife initially said it would have to assess its ability to continue operations. Shares of Cordlife ended Monday unchanged at S$0.148.
Seatrium : The group on Tuesday said it clinched S$170 million worth of new repair and upgrade contracts, comprising major cruise, leisure and naval vessel projects. The works for the projects are set to be completed by the first quarter of 2026. The counter ended Monday at S$2.20, up 0.9 per cent or S$0.02.
First Real Estate Investment Trust (Reit) : The manager of the Reit announced on Monday that it extended the lease of Siloam Hospitals Lippo Cikarang (SHLC) on a short-term basis of six months. The lease extension prolongs SHLC’s tenancy beyond the current expiry date of Dec 30, 2025, to Jun 30 next year – unless the property is divested beforehand. The pro-rated rent for the extension period is at S$2.3 million, based on an annual rent of S$4.5 million. Units of First Reit ended Monday unchanged at S$0.285, before the news.
CapitaLand Integrated Commercial Trust (CICT) : The trust reported on Tuesday 1.6 per cent higher net property income (NPI) of S$294.4 million for the third quarter ended September. Revenue increased 1.5 per cent to S$403.9 million, boosted by the trust’s acquisition of CapitaSpring office in August, plus the progressive handover of Gallileo – its office property in Germany – to its anchor tenant, the European Central Bank. Units of CICT closed Monday S$0.01 or 0.4 per cent higher at S$2.41.
Keppel Infrastructure Trust (KIT) : The manager of KIT on Tuesday posted distributable income of S$168.9 million for the first nine months of 2025, up 59.2 per cent from S$106.1 million in the year-ago period. This was attributed to higher contributions from City Energy, Ixom and Ventura, and boosted by divestment gains of S$49 million. Units of KIT closed Monday unchanged at S$0.46.
Keppel Pacific Oak US Reit : The US office-focused Reit posted distributable income of US$30.4 million for the third quarter ended Sep 30, down 14.8 per cent from US$35.7 million in the previous corresponding period. This was due to a drop in cash rental income from higher free rents and higher finance and other trust expenses, said its manager on Tuesday. Its units ended 2.2 per cent or US$0.005 higher at US$0.23 on Monday.
