Stocks to watch: Keppel Corp, Far East Orchard, Zico Holdings, GS Holdings

THE following companies saw new developments that may affect trading of their securities on Monday (Apr 17):

Keppel Corporation : Asset Co, the entity majority-owned by external investors after the legal completion of Keppel Offshore and Marine with Sembcorp Marine, is actively engaging clients on potential contracts for its legacy rigs, Keppel Corp announced on Saturday. The company is hopeful that the rigs can be monetised soon amid the improving offshore rig market. Keppel Corp’s shares closed 0.5 per cent or S$0.03 higher at S$5.90 on Friday.

Far East Orchard : The real estate group on Saturday said that it expects its hospitality business to stabilise in the next two years, following a gradual recovery from the Covid-19 pandemic last year. As part of its operational priority to grow its hospitality portfolio to 25,000 rooms by 2025, the group plans to open five new hotels with over 750 rooms this year. Shares of Far East Orchard closed flat at S$1.04 on Friday.