Stocks to watch: KIT, MLT, Centurion, CapitaLand China Trust, GuocoLand, Ho Bee Land, All-Link Air & Sea, Union Gas

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Aug 5):

Keppel Infrastructure Trust (KIT) : The trustee-manager on Wednesday said it has acquired a 45 per cent stake in second German solar portfolio from Enpal for 34 million euros (US$39.2 million). The deal will be executed via a special purpose vehicle, with the venture slated to increase KIT’s total renewable energy portfolio capacity by about 205 megawatts to around 1.4 gigawatts. Units of KIT closed down 3.7 per cent or S$0.02 at S$0.525 on Tuesday.

Mapletree Logistics Trust (MLT) : It has priced S$400 million in subordinated perpetual securities at 3.5 per cent under its S$3 billion euro medium-term securities programme. Net proceeds will go towards its general corporate and working capital purposes, including the refinancing of its S$400 million fixed-rate subordinated perpetual securities, said the manager in a bourse filing on Tuesday. The securities are perpetual with no fixed redemption date. Units of MLT ended Tuesday flat at S$1.23, before the announcement.

Centurion : The company on Wednesday said it was awarded a tender for a purpose-built dormitory site at Kranji Close, Singapore. The site covers about 22,079 square metres and has a gross plot ratio of 3.0, allowing for a development with a capacity of 7,000 beds. It is held on a 30-year lease. The tender closed on Jun 12, and drew 10 bids, with Centurion’s bid of S$343 million being the highest. Shares of Centurion ended flat at S$1.58 on Tuesday.

CapitaLand China Trust : Its distribution per unit fell by 1.6 per cent to S$0.0245 for its first half ended Jun 30, 2026, from S$0.0249 the year before, the manager reported on Wednesday. Revenue was down 4.4 per cent at S$152.3 million for the half-year period, from S$159.2 million in the year-ago period. Units of CLCT closed flat at S$0.655 on Tuesday.

GuocoLand : A tie-up between GuocoLand and Hong Leong Holdings unit Intrepid Investments was the sole bidder for a condo plot on the former Keppel Club site on Tuesday. Its bid of S$576.78 million is equivalent to S$1,515 per square foot per plot ratio for the 99-year leasehold site. It can yield about 415 private homes. Shares of GuocoLand rose 0.4 per cent to close S$0.01 higher at S$2.29 on Tuesday, before the news.

Ho Bee Land : The company on Tuesday said it has acquired a residential development site in Western Australia for A$48.5 million (US$34.1 million) through a joint venture (JV) with Satterley Dianella, a subsidiary of Australia’s land developer Satterley Property Group. Ho Bee Land holds an effective interest of about 48.6 per cent in the JV.

Separately, Ho Bee Land’s indirect wholly owned subsidiary has entered into a 50:50 JV with another subsidiary of Satterley Property Group to develop a site in Queensland, which the company acquired for A$318.5 million in January. The counter ended Tuesday 1 per cent or S$0.02 higher at S$2.04, before the news.

All-Link Air & Sea: The regional logistics solutions provider will debut on Wednesday after it announced on Tuesday that its public tranche of 2.1 million shares was about 4.85 times subscribed. The company had received 409 valid applications for the 2.1 million public offer shares. The initial public offering has raised gross proceeds of about S$20.1 million, said the company. Union Gas Holdings : The fuel and gas company released a profit guidance report on Wednesday, announcing that the group expects to report a significant improvement in revenue and net profit for H1 2026, compared with the same period last year. The top-line growth is mainly due to new revenue contributions from the group’s expanded “Cnergy” brand service station network including its Dunman Road and Queensway service stations. Shares of Union Gas closed flat at S$0.40 on Tuesday.