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.

Jardine Cycle and Carriage (Jardine C&C), Fraser and Neave (F&N): The dairy subsidiary of F&N, F&N Dairy Investments, is set to acquire up to 4.6 per cent in additional shares in Vietnam Dairy Products Joint Stock (Vinamilk) from Jardine C&C. The number of shares is slightly above 96 million, with an aggregate consideration at around six trillion dong (S$295 million), said F&N in a Tuesday bourse filing. The proposed transaction will raise F&N’s effective interest in Vinamilk to about 25 per cent. Shares of F&N closed 0.7 per cent or S$0.01 down at S$1.47 on Tuesday, while shares of Jardine C&C closed 0.7 per cent or S$0.25 lower at S$33.38.

Suntec Reit : Property tycoon Gordon Tang’s Acrophyte Asset Management said on Tuesday that it plans to acquire the Suntec Reit manager, ESR Trust Management (Suntec). Acrophyte has entered into an agreement with ESR Group subsidiaries to acquire 100 per cent of its indirect interest in the manager. Suntec Reit units rose S$0.01, or 0.7 per cent, to close at S$1.40 on Tuesday, before the announcement.