Stocks to watch: DBS, Keppel Reit, CapitaLand India Trust, Aims Apac Reit, Cordlife 

THE following companies saw new developments that may affect trading of their securities on Tuesday (Jan 28): 

DBS : The bank announced on Monday that it acquired an additional stake in Shenzhen Rural Commercial Bank, increasing its stake from 16.7 per cent to 19.4 per cent. This investment expands its exposure to China’s greater bay area. DBS said the move will be funded using internal cash resources and will have a minimal impact on the consolidated capital ratios of DBS Group Holdings and its subsidiaries. It is expected to be immediately accretive to earnings and return on equity. Shares of DBS closed up 0.2 per cent or S$0.09 at S$43.60 on Monday, following the announcement.

Keppel Real Estate Investment Trust (Reit) : The Reit’s distribution per unit (DPU) fell 3.4 per cent to S$0.028 for its second half ended Dec, 2024,  from the corresponding year-ago period, its manager said. It will be paid on Mar 17, after the ex date on Feb 5 and record date on Feb 6. This decline in DPU comes despite revenue growing 15.5 per cent to S$136.5 million and net property income rising 13.6 per cent to S$105.1 million. While property income grew, distributable income from operations fell 2.1 per cent to S$97.6 million on higher borrowing costs and lower rental support. Units of Keppel Reit ended down 1.1 per cent or S$0.01 at S$0.86, before the announcement.