Stocks to watch: Keppel, KIT, Keppel Reit, Sembcorp, ComfortDelGro, Hatten Land

THE following companies saw new developments that may affect trading of their securities on Monday (Apr 1):

Keppel , Keppel Infrastructure Trust (KIT): Keppel’s infrastructure division and KIT are proposing to amend and extend their capacity tolling agreement for the Keppel Merlimau Cogen (KMC) plant by 10 years, from 2030 to 2040. This is expected to generate up to nearly S$1.1 billion in long-term capacity payments for KMC, said both parties on Monday. Shares of Keppel ended Thursday down S$0.07 or 0.9 per cent at S$7.34, while KIT units closed S$0.01 or 2.1 per cent higher at S$0.50.

Keppel Reit : The real estate investment trust (Reit) is acquiring a 50 per cent interest in a freehold Grade A office building in Sydney for A$363.8 million (S$321 million) from Mirvac Wholesale Office Fund I. The property is expected to generate a first-year yield that exceeds 6 per cent and distribution per unit accretion of 1.4 per cent on a pro forma basis, said the Reit manager on Monday. Units of Keppel Reit closed S$0.005 or 0.6 per cent higher at S$0.87 on Thursday.