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Stocks to watch: Keppel Reit, Keppel Corp, Nanofilm, Oiltek, USP Group

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Chong Xin Wei

Published Thu, Apr 20, 2023 · 08:26 AM
    • Keppel Reit's distributable income from operations has fallen 6.7 per cent to S$50.2 million for its first quarter, from S$53.8 million a year earlier.
    • Keppel Reit's distributable income from operations has fallen 6.7 per cent to S$50.2 million for its first quarter, from S$53.8 million a year earlier. PHOTO: KEPPEL REIT

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

    Keppel Reit : The real estate investment trust on Wednesday posted a distributable income from operations of S$50.2 million for its first quarter ended Mar 31, 2023, down 6.7 per cent from S$53.8 million for the same period a year earlier. It will, however, distribute an anniversary distribution of S$5 million for the quarter. Units of Keppel Reit closed 0.6 per cent or S$0.005 lower at S$0.895, before the news.

    Keppel Corporation : The global asset manager and operator’s infrastructure arm has partnered ExxonMobil Asia Pacific to explore low-carbon hydrogen and ammonia solutions. On Thursday, Keppel said it is also looking to use low-carbon hydrogen for Singapore’s first hydrogen-ready, 600 megawatt advanced combined cycle power plant. Its shares closed on Wednesday 2 per cent or S$0.12 higher at S$6.19.

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