Stocks to watch: Keppel Corp, SGX, Frasers Property, Prime US Reit, Manulife US Reit, BRC Asia, Straco

THE following companies saw new developments that may affect trading of their securities on Thursday (Feb 9):

Keppel Corporation : A unit of Keppel Land is selling its 100 per cent stake in Willowville for US$5.5 million, the company said on Wednesday. Willowville has a 60 per cent stake in a project company that holds the rights to develop a site in District 1 in Ho Chi Minh City, Vietnam, and the sale is expected to occur in the first half of 2023. Shares of Keppel Corporation closed at S$7.08, down 0.4 per cent or S$0.03 before the news. 

Singapore Exchange (SGX) : It reported a 30.1 per cent increase in net profit to S$284.6 million for the first half of FY2023 on Thursday from S$218.7 million a year earlier. This comes as operating revenue rose, driven by an increase in derivatives trading and clearing revenue, as well as treasury income. SGX shares closed 0.1 per cent lower, or S$0.01 at S$9.15 on Wednesday.