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.