Stocks to watch: Paragon Reit, GuocoLand, Keppel 

THE following companies saw new developments that may affect trading of their securities on Tuesday (Feb 11): 

Paragon Real Estate Investment Trust (Paragon Reit) : Times Properties, a wholly owned subsidiary of Cuscaden Peak Investments, is looking to take Paragon Reit private by way of a trust scheme arrangement, for S$0.98 per unit. Separately, the Reit manager also announced a distribution per unit of S$0.0233 for the second half ended December, down 10.4 per cent from S$0.026 in the previous corresponding period. Units of Paragon Reit ended Monday 0.6 per cent or S$0.005 lower at S$0.89, before a trading halt on Tuesday morning.

GuocoLand : The property developer posted a net profit of S$74.6 million for its first half ended Dec 31, 2024, up 13 per cent from S$66.2 million in the previous corresponding period.  Its H1 earnings per share climbed to S$0.0588 from S$0.0513 while its revenue dipped 5 per cent to about S$1 billion from about S$1.1 billion. The improved earnings are attributed to construction progress and higher contributions from investment properties, the group said on Monday. Shares of GuocoLand closed flat at S$1.44 on Monday.