Stocks to watch: Keppel, FCT, Suntec Reit, OUE Reit, Clint, Digital Core Reit, OKP, Cordlife 

THE following companies saw new developments that may affect trading of their securities on Thursday (Apr 25): 

Keppel : The global asset manager and operator said on Thursday that its Q1 net profit increased on the year, driven by stronger performance in the infrastructure and connectivity segments, excluding the effects of its legacy offshore and marine (O&M) assets. Including the effects, the net profit was lower, said the group without disclosing net profit figure. Revenue for the quarter was down 6.3 per cent to S$1.5 billion, from S$1.6 billion in the year-ago period. Shares of Keppel closed up 1.1 per cent or S$0.08 at S$7.11 on Wednesday.

Frasers Centrepoint Trust (FCT): It posted a 1.8 per cent drop in distribution per unit (DPU) for the first half ended Mar 31 to 6.022 Singapore cents, from 6.13 cents in the same period a year ago. The result came as FCT recorded declines in both its gross revenue and net property income, following lower contributions from Changi City Point, which was divested in October 2023, and from Tampines 1 due to the ongoing asset enhancement works, the manager said. FCT’s units closed 0.9 per cent or S$0.02 higher at S$2.18 on Wednesday.