Stocks to watch: Keppel, ComfortDelGro, ASL Marine

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Sep 17):

Keppel : The asset manager on Wednesday said that it has inked a new framework agreement with Dell Technologies to collaborate on data centres, and jointly develop and invest in next-generation artificial intelligence (AI) platforms in Asia. Under the tie-up, data centres in Asia-Pacific will incorporate Keppel’s green technologies and renewable energy capabilities. This partnership involves the resale of Dell infrastructure, the delivery of professional services for Dell solutions and support for AI applications tailored for enterprise customers across Singapore, Malaysia and Vietnam. Shares of Keppel closed on Tuesday 0.8 per cent or S$0.07 lower at S$8.68.

ComfortDelGro (CDG) : Its consortium with French public transport operator RATP Dev has been pre-qualified to bid for a contract to operate and maintain the Copenhagen Metro, said CDG on Tuesday. This is the third collaboration between the two companies, which previously worked on Singapore’s Jurong Region Line. For the bid, the companies will leverage their rail expertise from working in Singapore, Paris and Sydney. CDG shares finished 1.3 per cent or S$0.02 higher at S$1.51, after the news.

ASL Marine : Its Indonesian subsidiary Cipta Nusantara Abadi increased its issued and paid-up share capital from 2.02 billion rupiah (S$157,741) to 2.53 billion rupiah by way of allotment and issuance of 32,320 new ordinary shares. This brings ASL Marine’s shareholding in the unit, held through a wholly owned Singapore subsidiary Capitol Marine, from 75 per cent to 80 per cent. Funded through internal resources, the additional investment is not expected to have a material impact on the consolidated net tangible assets per share or earnings per share of the group for the current financial year ending June 2026, said ASL Marine on Tuesday. The counter ended 6.4 per cent or S$0.012 higher at S$0.20, before the news.