Stocks to watch: Keppel, CapitaLand China Trust, Frasers Property

THE following companies saw new developments that may affect trading of their securities on Friday (Oct 13):

Keppel Corporation : Its private fund is acquiring two properties in Australia for A$198 million (S$175 million). On Thursday, the group said it intends to lease out the properties to educational institutions. The acquisition is expected to bring Keppel’s portfolio of assets in Australia to A$4.8 billion upon completion. Shares of Keppel Corporation closed 1.5 per cent or S$0.10 higher at S$6.76, before the news.

CapitaLand China Trust (CLCT): Its subsidiary has priced 600 million yuan (S$112 million) in free-trade zone offshore yuan bonds at 3.8 per cent per annum. This marks CLCT’s first issuance of yuan-denominated bonds within the China (Shanghai) Pilot Free Trade Zone, said its manager on Friday. Units of the trust closed on Thursday S$0.01 or 1.1 per cent higher at S$0.88.