Stocks to watch: Keppel Reit, Seatrium, FCT, CAO, Aspial Lifestyle, CICT

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Apr 21):

Keppel Reit : The real estate investment trust (Reit) on Tuesday said distributable income from operations for the first quarter rose 19.7 per cent from S$48.4 million to S$57.9 million in the year-ago period. Including a S$5 million anniversary distribution, it rose 17.8 per cent year on year to S$62.9 million, from S$53.4 million. No distribution was declared for the quarter as it is paid out on a half-yearly basis. Units of Keppel Reit closed flat at S$0.92 on Monday.

Seatrium : The marine engineering company on Monday said it priced S$400 million in fixed-rate notes due Apr 28, 2031, at 2.95 per cent per annum. The notes, issued by wholly owned subsidiary Seatrium Financial Services, are part of its S$3 billion multicurrency debt-issuance programme. Net proceeds from the issue will be used to refinance existing borrowings, fund potential acquisitions and investment opportunities, as well as for working capital and capital-expenditure requirements. Shares of Seatrium ended Monday 2.9 per cent or S$0.07 lower at S$2.35, before the filing.