Stocks to watch: Prudential, Keppel, Suntec Reit, Aztech Global, The Assembly Place

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Jan 23):

Prudential : The insurer will pay RM1.5 billion (S$483 million) in cash to increase its stake in Prudential Assurance Malaysia to 70 per cent, from 51 per cent, it said on Thursday. Shares of Prudential closed flat at US$13.89 before the announcement.

Keppel : The asset manager announced on Thursday that it signed a binding term sheet with a global telecommunications company to lease a fibre pair on the Bifrost Cable System for 25 years. Under the agreement, Keppel’s connectivity division will grant the telco an indefeasible right of use for the fibre pair. Shares of Keppel closed S$0.16 or 1.5 per cent higher at S$10.89 before the news.

Suntec Real Estate Investment Trust (Suntect Reit): The Reit recorded a distribution per unit (DPU) of S$0.0388 for the second half-year ended Dec 31, 2025, it reported on Thursday. This was a 23.2 per cent increase from the DPU of S$0.0315 for the corresponding period a year earlier. Units of Suntec Reit closed unchanged at S$1.42 before the release of the results.

Aztech Global : The company announced on Thursday that its wholly owned Malaysia manufacturing facility, IOT Manufacturing, received its certificate of registration under the US Food and Drug Administration. Shares of Aztech Global closed unchanged at S$0.655 before the announcement.

The Assembly Place: The co-living operator’s initial public offering (IPO) was 35.5 times subscribed on Thursday, ahead of its Friday Catalist debut. The IPO drew 1,125 valid applications amounting to 71.1 million shares for two million public offer shares available at S$0.23 apiece. Shares of The Assembly Place will commence trading at 9 am on Friday.