Stocks to watch: Keppel, Top Glove, Japfa, CDLHT, Samudera, KOP, Stamford Tyres

THE following companies saw new developments that may affect trading of their securities on Thursday (Dec 15):

Keppel : Asset manager BlackRock has ceased to be a substantial shareholder of Keppel after selling S$8.9 million worth of shares, lowering its stake from 5.03 per cent to 4.96 per cent. BlackRock had sold about 1.2 million Keppel shares on Monday via a market transaction, which translates to an average selling price of S$7.44 per share. Keppel shares closed at S$7.48 on Wednesday, up 0.5 per cent or S$0.04 prior to the announcement.

Top Glove : The glove manufacturer could take up to a year to return to profitability, founder and executive chairman Lim Wee Chai said on Wednesday, after the group posted a net loss of RM168.2 million (S$51.6 million) for the first fiscal quarter of the year ended November. Losses for the quarter were a reversal from earnings of RM185.7 million in the year-ago period. The counter closed flat on Wednesday at S$0.24 after the announcement.