Stocks to watch: Sembcorp, CDL, UOL, GuocoLand, Seatrium, Singtel, Hongkong Land

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Dec 12):

Sembcorp Industries : The engineering services company on Thursday announced that it will acquire Australian utilities provider Alinta Energy (Alinta). The agreed enterprise value of this deal is A$6.5 billion (S$5.6 billion). The estimated purchase price is A$5.6 billion, which will be paid in cash through bridge and working capital facilities. Shares of Sembcorp closed 0.3 per cent or S$0.02 lower at S$5.82, before the update.

CDL , UOL , GuocoLand: DBS Research has taken a bullish stance on Singapore property counters, initiating a sector-wide lift in its target prices for developers including CDL, UOL and GuocoLand. These stocks may see an upside of between 28 and 64 per cent from last traded prices on Wednesday. CDL shares ended flat at S$7.21, UOL ended S$0.06 or 0.7 per cent higher at S$8.40, and Guocoland ended flat at S$2.02 on Thursday.

Seatrium : The group said on Thursday that a consortium made of Seatrium and GE Vernova was awarded a contract by European transmission operator TenneT to connect North Sea wind power to Germany’s power grid. The deal brings the company’s value of new contracts secured for FY2025 to over S$4 billion to date. Shares of Seatrium closed up 1 per cent or S$0.02 at S$2.08 on Thursday.

Singtel : The Infocomm and Media Development Authority imposed a S$1 million fine on Singtel for a 2024 voice disruption. The October incident last year affected about 500,000 of Singtel’s residential and corporate users for more than four hours.Shares of Singtel ended on Thursday 0.4 per cent or S$0.02 lower at S$4.56, before the fine was announced.

Hongkong Land : The group announced on Friday that it has made “significant advancements” towards the launch of its inaugural private real estate fund, following the previous day’s announcement of Keppel Reit’s planned acquisition of the group’s stake in Marina Bay Financial Centre Tower 3. The new entity is expected to hold more than S$8 billion in assets under management at its inception. Shares of Hongkong Land ended US$0.36 or 5.5 per cent higher at US$6.93 on Thursday.