Stocks to watch: Sembcorp, Parkway Life Reit, Yeo Hiap Seng

THE following companies saw new developments that may affect trading of their securities on Thursday (Oct 17):

Sembcorp : The group’s renewables subsidiary Sembcorp Green Infra bagged a contract for a 150 megawatt wind-solar hybrid power project in India from Solar Energy Corporation of India. The award of the project is not expected to have a material impact on the group’s earnings per share for fiscal year 2024, said Sembcorp on Thursday. The counter closed on Wednesday S$0.03 or 0.6 per cent higher at S$5.50.

Parkway Life Real Estate Investment Trust (Parkway Life Reit): Its third-quarter distribution per unit rose 2.8 per cent to S$0.113 from S$0.1099 in the year-ago period. Declines in net property income and gross revenue, which came amid the depreciation of the yen, were offset by contributions from a nursing home acquired in August 2024. The counter closed flat at S$4.02 on Wednesday, before the news.

Yeo Hiap Seng : The beverage company on Thursday said it further acquired 21.1 million shares in Vitasoy for HK$133.8 million (S$22.5 million), bringing its existing interest in the Hong Kong-listed beverage manufacturer to 4 per cent. This was since Oct 9, when the group initially announced it would raise its stake in Vitasoy to 2.04 per cent with the acquisition of 17.6 million shares for HKS$103.6 million. Shares of Yeo Hiap Seng ended Wednesday flat at S$0.565.