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.