Stocks to watch: Keppel, First Resources, Yanlord, AA Reit

THE following companies saw new developments that may affect trading of their securities on Monday (Jan 8):

Keppel : The global asset manager’s Alpha Asia Separate Account has acquired Wilkie Edge, a mixed-use development in Singapore’s education district Selegie, at a consideration of S$348 million. The fund is a S$360 million separate account mandate secured by Keppel from Dutch pension fund service provider PGGM, said the company on Monday. Its counter closed on Friday up 0.9 per cent, or S$0.06, at S$7.05.

First Resources : The palm oil producer has bought plantation assets from Indonesian palm oil company Tri Bakti Sarimas for a cash consideration of 1.9 trillion rupiah (S$162.8 million). The deal was concluded on Dec 28, via a public auction conducted by the Indonesian government for the execution of bank mortgage rights, said the company on Friday. Shares of First Resources closed 0.7 per cent higher, or S$0.01, at S$1.44, before the announcement.

Yanlord Land Group : The Chinese property developer on Friday announced total contracted pre-sales for FY2023 at 32.4 billion yuan (S$6.1 billion), down 52.5 per cent from the 68.1 billion yuan a year earlier. The counter closed 2.6 per cent lower, or S$0.015, at S$0.555, before the news.

Aims Apac Reit (AA Reit): The real estate investment trust’s (Reit) manager said on Monday that the Reit has renewed two master leases, for five-year and 10-year terms respectively. As at Sep 30, 2023, the two leases collectively contributed to about 6.6 per cent of the Reit’s total portfolio gross rent. The renewals will extend the portfolio weighted average lease expiry to 4.6 years from 4.2 years by gross rental income. AA Reit’s units closed on Friday up 0.8 per cent, or S$0.01, at S$1.33.