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.