Stocks to watch: Keppel, Ho Bee Land, Metro, Pegasus Asia

THE following companies saw new developments that may affect trading of their securities on Friday (Jan 12):

Keppel : The mainboard-listed conglomerate and Pan-United Corporation signed a memorandum of understanding on Thursday with five other industry players to form the Low-Carbon Technology Industry Consortium. The group aims to develop and commercialise low-carbon technologies. Keppel’s shares closed 0.1 per cent or S$0.01 lower at S$6.95, before the news.

Ho Bee Land : The real estate group said on Thursday that its net loss for the full year ended Dec 31, 2023 is expected to widen. The projected net loss is driven mainly by a fair-value loss based on indicative valuations of its portfolio of investment properties in London. Shares of Ho Bee Land closed flat at S$1.77, before the announcement.

Metro : The department-store operator acquired an additional 6 per cent stake in China property developer Top Spring International for HK$93.2 million (S$15.9 million) on Thursday. The 84.8 million shares acquired bring Metro’s stake in Top Spring to about 22.2 per cent. Shares of Metro closed at S$0.505, up S$0.005 or 1 per cent, before the news.

Pegasus Asia : The special-purpose acquisition company said on Thursday that the last day of trading for its warrants is Jan 12, with the warrants set to expire on Jan 20. Trading in the warrants will be suspended from 9 am on Jan 15. The counter closed 0.4 per cent or S$0.02 lower at S$4.95, before the announcement.