Stocks to watch: Nio, Keppel Infrastructure Trust, Centurion, Boustead, mm2 Asia
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[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Sep 3):
Nio : The electric vehicle maker’s net loss deepened by 0.3 per cent on the year to 5.1 billion yuan (S$928.4 million) for its second quarter of 2025. The wider loss came even as its revenue for the three months rose 9 per cent to 19 billion yuan and its vehicle sales increased 2.9 per cent to 16.1 billion yuan. The counter finished Tuesday 1.6 per cent or US$0.11 lower at US$6.63.
Keppel Infrastructure Trust (KIT) : The business trust on Tuesday obtained a loan facility with a principal amount of S$75 million, according to a bourse filing, which did not indicate what it would be used for. The terms and conditions dictate that the trustee-manager must pay all outstanding loans under the facility in the event that it resigns, retires or ceases to be trustee-manager. Units of KIT ended at S$0.45, 1.1 per cent or S$0.005 higher, before the announcement.
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