Stocks to watch: Keppel, Wee Hur, NetLink NBN Trust, Elite UK Reit, China Aviation Oil

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Nov 4):

Keppel : A consortium comprising Keppel, Keppel Asia Infrastructure Fund and a co-investor has bought the remaining 49 per cent stake in Cleantech Renewable Assets (CRA) that it does not yet own from Shell Singapore. The consortium initially acquired a 51 per cent stake in CRA in October 2022. Keppel on Tuesday said that the acquisition supports its goal to grow its renewables business. The counter closed on Monday 0.5 per cent or S$0.05 higher at S$10.24.

Wee Hur : The group announced on Monday that its 80 per cent owned Australian subsidiary had entered into a sale and purchase agreement for the disposal of a purpose built student accommodation at 188 Grenfell Street in Adelaide for S$14.2 million. Assuming that the disposal had been completed on Jun 30, the estimated gain is about S$4.7 million. Completion of the proposed disposal is expected to take place on Nov 28. Shares of Wee Hur closed S$0.02 or 2.8 per cent up at S$0.745 on Monday, before the announcement.

NetLink NBN Trust : The fibre network provider on Monday posted a 10.2 per cent drop in net profit to S$43.5 million for the first half-year ended Sep 30, from S$48.5 million in the previous corresponding period. This was attributed to higher depreciation and amortisation, primarily from its Seletar Central Office, which opened in October this year. Earnings per share stood at S$0.0112 for H1 FY2026, down from S$0.0124 the previous year. Revenue rose 1.1 per cent to S$207.1 million, from S$204.8 million a year earlier. The trustee-manager also announced a distribution per unit of S$0.0271 for H1, 1.1 per cent higher than the previous corresponding period’s S$0.0268. The counter rose 0.5 per cent or S$0.005 to S$0.985 on Monday, before the news.

Elite UK Reit : The manager of Elite UK Reit on Tuesday posted a distribution per unit of £0.0233 for the nine months ended Sep 30, 2025, up 9.4 per cent from £0.0213 in the year-ago period. Distributable income stood at £14.8 million (S$25.4 million), up by 6.2 per cent on the year from £14 million. The improvements were attributed to interest savings through capital management and interest rate optimisation. Units of Elite UK Reit closed on Monday unchanged at £0.36.

China Aviation Oil : China’s largest oil refiner, Sinopec, is said to be in discussions to take over the nation’s dominant distributor of jet fuel. The tie-up talks between Sinopec – also known as China Petrochemical – and China National Aviation Fuel (CNAF) were initiated by Beijing. CNAF balances domestic supplies by importing or exporting cargoes through trading arms including China Aviation Oil, of which it owns 51 per cent. If the tie-up goes ahead, Sinopec is expected to absorb all of CNAF’s assets and operations. The counter closed flat on Monday at S$1.52.