Stocks to watch: Keppel, Straits Trading, Sabana Reit 

THE following companies saw new developments that may affect trading of their securities on Monday (Apr 8): 

Keppel : The global asset manager and operator has achieved its first close for the Keppel Sustainable Urban Renewal Fund. On Monday, Keppel said this brings total funds under management in its sustainable urban renewal strategy to more than US$1.7 billion. The counter ended S$0.02 or 0.3 per cent lower at S$7.30 on Friday.

Straits Trading Company : The investment company is selling one of its industrial properties in South Australia for A$52.7 million (S$46.3 million), or below valuation. The group said on Friday that the proposed sale is not expected to have a material impact on the earnings per share and net tangible assets per share of the group for the financial year ended Dec 31, 2023. Shares of Straits Trading closed S$0.01 or 0.7 per cent lower at S$1.44, before the news.