Stocks to watch: Sats, Keppel

THE following companies saw new developments that may affect trading of their securities on Friday (Jul 19):

Sats : The in-flight caterer and ground handler will partner Mitsui & Co, a Japanese trading and investment company, to develop and grow their respective food and retail-solutions businesses. The group said on Thursday that the partnership is not expected to have a material impact on its consolidated net tangible assets per share or consolidated earnings per share for the current fiscal year ending March 2025. Shares of Sats closed 0.3 per cent or S$0.01 lower at S$3.26 before the news.

Keppel : The global asset manager, through its infrastructure division, signed a memorandum of understanding with Tokyo-based investment and general trading company Sojitz, to pursue decarbonisation and clean energy business opportunities in the Asia-Pacific. Shares of Keppel closed 0.6 per cent or S$0.04 lower at S$6.66 on Thursday after the news.