Stocks to watch: Keppel, Mapletree Logistics Trust, ComfortDelGro, Hotel Properties Ltd
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THE following companies saw new developments that may affect trading of their securities on Thursday (Oct 24):
Keppel : The group on Thursday said its net profit for the third quarter ended September 2024 was lower year on year, as Q3 2023 had benefited from valuation and divestment gains in the connectivity segment. Excluding the effects of legacy offshore and marine assets, the nine-month net profit was comparable to a year ago. Keppel shares ended Wednesday flat at S$6.38.
Mapletree Logistics Trust (MLT) : The trust plans to divest about S$1 billion worth of its assets to rejuvenate its portfolio with the proceeds. The chief executive of MLT’s trust manager said on Wednesday that about half of the divested assets will be from China and Hong Kong. MLT is also eyeing accretive acquisitions in emerging markets such as Vietnam and India as well as in developed markets such as Japan. Units of MLT closed down 0.7 per cent or S$0.01 at S$1.40 on Wednesday.
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