Stocks to watch: Keppel, Japfa

THE following companies saw new developments that may affect trading of their securities on Tuesday (Aug 20):

Keppel : The asset manager on Tuesday inked a memorandum of understanding with the Asian Development Bank and Enterprise Singapore to explore US$800 million worth of energy transition and environmental sustainability opportunities in the Asia-Pacific. Shares of Keppel closed S$0.04 or 0.7 per cent higher at S$6 on Monday.

Japfa : The agri-food company on Monday said it will buy back up to 183.3 million shares, or about 9 per cent of its shares in issue, at S$0.355 apiece under an equal access scheme. The offer came as Japfa’s shares were trading below the group’s net asset value of S$0.52 per share, said the company. Shares of Japfa closed 2.9 per cent or S$0.01 lower at S$0.335, before the announcement.