Stocks to watch: DFI Retail, Bumitama Agri, Keppel Infrastructure Trust, Hong Leong Asia, OUE Reit

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Apr 22):

DFI Retail Group : The group’s underlying profit from continuing operations, which excludes the impacts of several divestments and closures, rose 49 per cent year on year in Q1 2026, supported by lower financing costs. Operating profit from continuing businesses grew 12 per cent on year due to disciplined cost control. The counter ended Tuesday 1.5 per cent or US$0.06 higher at US$4.16, before the news.

Bumitama Agri : The palm oil producer said in a response to shareholder questions on Wednesday that rising energy prices as a result of the Iran war are unlikely to result in a negative impact, and could even provide an overall boost to its business, even as it noted the presence of cost pressures. Shares of Bumitama Agri ended at S$1.93, S$0.04 or 2.1 per cent higher on Tuesday.

Keppel Infrastructure Trust (KIT) : The trustee manager of KIT is proposing to price S$200 million in notes due Apr 28, 2033, at 2.8 per cent per annum, as part of the trust’s S$3 billion multicurrency debt issuance programme. Units of KIT ended Tuesday flat at S$0.535 before the announcement.

Hong Leong Asia (HLA) : It has acquired architectural building products supplier Yong Tai Loong for around S$90.7 million in cash. HLA said that the acquisition, which was funded with external borrowings and internal funds, is aligned with its strategy to enhance its urban solutions capabilities in the built industry, as well as grow its building materials segment in Singapore. HLA shares closed Tuesday 1.3 per cent or S$0.04 higher at S$3.17, before the news. OUE Real Estate Investment Trust (Reit) : Its net property income rose 8.4 per cent year on year to S$57.6 million for its first quarter ended Mar 31, as revenue climbed 6.7 per cent to S$70.5 million. The improvements were mainly driven by strong year-on-year growth in the hospitality segment and resilient operating performance from the commercial portfolio, the manager said on Tuesday. Units of OUE Reit ended Tuesday 1.4 per cent or S$0.005 higher at S$0.37, before the announcement. Suntec Reit : Bookings for its convention business have slowed amid the Iran war although there have been no immediate cancellations or postponements. This comes as organisers adopt a more “wait-and-see” approach when confirming events and a conservative stance on spending, the manager said. Units of Suntec Reit closed Tuesday flat at S$1.51 before the news.

Nam Cheong : The shipbuilder on Tuesday announced that it is selling two offshore support vessels for US$36.7 million. The buyers are a vessel operator in Indonesia and a government-linked vessel operator in Egypt. Shares of Nam Cheong ended Tuesday flat at S$1.54 before the announcement.