Stocks to watch: Keppel, Sembcorp, Seatrium, ESR-Logos Reit

THE following companies saw new developments that may affect trading of their securities on Monday (Oct 2):

Keppel : The group on Monday announced the divestment of its 35 per cent stake in its joint venture (JV) with Vanke (Chengdu) Enterprise, which owns a residential project in Chengdu, China, to Vanke for about 504 million yuan (S$94 million). This is below the JV sale shares’ book and adjusted net asset value of S$99 million as at end-June 2023. Keppel shares closed S$0.02 or 0.3 per cent down at S$6.80 on Friday.

Sembcorp Industries : Its wholly-owned subsidiary has signed long-term power purchase agreements with Temasek’s ST Telemedia Global Data Centres (STT GDC) to power its data centres in Singapore, announced the group on Monday. Under the agreements, Sembcorp will supply STT GDC’s data centres with up to 100 MW of power over eight to 10 years. Shares of Sembcorp closed S$0.02 or 0.4 per cent lower at S$5.09 on Friday.