Stocks to watch: Keppel, Keppel DC Reit, CICT, SingLand, UOL, Jardine C&C, F&N, Suntec Reit

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Dec 17):

Keppel , Keppel DC Real Estate Investment Trust (Reit) : Asset manager Keppel announced on Tuesday that its connectivity division has agreed to sell its stakes in two data centres for a total cash consideration of S$50.5 million to Keppel DC Reit. The remaining stakes held by Keppel are the 10 per cent interest in data centre Keppel DC Singapore 3, and the 1 per cent interest in Keppel DC Singapore 4. The transactions are expected to occur by the first quarter of 2026. Shares of Keppel closed 0.4 per cent or S$0.04 down at S$10.06 on Tuesday, while units of Keppel DC Reit closed 1.8 per cent or S$0.04 lower at S$2.20 prior to the news.

CapitaLand Integrated Commercial Trust (CICT), Singapore Land (SingLand), UOL : A consortium involving a CICT vehicle, Singapore Land, UOL, Kheng Leong and CapitaLand Development put in the top bid of S$1.5 billion or S$1,179 per square foot per plot ratio (psf ppr) for a Hougang Central mega project. The bids beat analyst expectations for S$800 to S$1,000 psf ppr for the 4.7 hectare site. Analysts expect the new homes in the project to be priced at S$2,500 to S$2,600 psf. Units of CICT rose 0.4 per cent or S$0.01 to close at S$2.33 on Tuesday. Shares of SingLand rose 0.6 per cent or S$0.02 to close at S$3.15 and shares of UOL rose 0.1 per cent or S$0.01 to close at S$8.45.