Stocks to watch: Keppel, CDL, SingPost, Sabana Reit 

THE following companies saw new developments that may affect trading of their securities on Monday (Oct 21):

Keppel : The asset manager on Monday announced a deal with Woodside Energy, Australia’s largest oil and gas developer, for the supply and purchase of liquid hydrogen aimed at powering its data centres in Singapore. The potential liquid hydrogen supply is expected to form part of a larger, long-term utility-scale lower carbon power portfolio that Keppel is building to power its assets. Keppel shares rose 0.6 per cent or S$0.04 to S$6.47 on Friday before the announcement.

City Developments Ltd (CDL) : The property giant’s residential project Norwood Grand sold 292 or 84 per cent of its 348 units over its launch weekend at an average selling price of S$2,067 per square foot, said CDL on Sunday. Market watchers said the project’s strong take-up could be due to pent-up demand as buyers have waited 12 years for a new private residential project launch in Woodlands since the last one in 2012. Others said its robust sales may have positive spillover effects on resale prices of the area’s private residential properties. CDL shares closed 1 per cent or S$0.05 higher at S$5.29 on Friday before the announcement.