Stocks to watch: Hotel Properties Ltd, Hongkong Land, Keppel Reit, CLCT, Starhill Global Reit, FEHT

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Jul 30):

Hotel Properties Limited (HPL) : The property group said on Tuesday it is still in discussions with parties over the redevelopment of Forum The Shopping Mall and voco Orchard Singapore. It added that there is no certainty that the discussions will result in any transaction. This came after news broke that HPL was in talks to sell its stakes in the two marquee assets along Singapore’s Orchard Road shopping strip. Shares of HPL closed up 6.3 per cent or S$0.33 at S$5.54, before the company called for a trading halt at 4.30 pm on Tuesday.

Hongkong Land : It posted an underlying profit of US$297 million for the six months ended Jun 30, reversing from a net loss of US$7 million in the corresponding year-ago period. Revenue for the first half of 2025 fell to US$751.2 million, down 23 per cent from US$972.4 million year on year. Underlying earnings per share for H1 2025 stood at US$0.1351, from an underlying loss per share of US$0.0031 in H1 2024. Shares of Hongkong Land closed 2.1 per cent or US$0.13 higher at US$6.39 on Tuesday, before the H1 results were announced.