Stocks to watch: Sembcorp, Sats, CapitaLand Ascott Trust, Raffles Medical 

THE following companies saw new developments that may affect trading of their securities on Monday (Feb 3): 

Sembcorp Industries : The energy and urban development company has inked a share purchase agreement with CleanCurrent Renewable Energy in the Philippines to acquire Puente Al Sol. This marks its entry into the country’s renewable energy market. The proposed acquisition, with a total consideration of S$105 million, will be funded via Sembcorp’s internal cash and borrowings, said the group on Friday. It is not expected to have a material impact on the group’s earnings per share or net tangible assets per share for the financial year ending Dec 31, 2025. Shares of Sembcorp closed 2.8 per cent or S$0.15 higher at S$5.58 on Friday.

Sats : It acquired the remaining 15 per cent stake in its Thai unit Sats Food Solutions (Thailand) (SFST) from Bangkok Ranch for about S$3.4 million. The transaction gives Sats total ownership of SFST and will deepen its strategic partnership with Japanese trading house Mitsui, which will take a 15 per cent stake in SFST, said the company on Friday. It is not expected to have a material impact on Sats’ net tangible assets per share or consolidated earnings per share for the current financial year ending Mar 31. Shares of Sats closed 0.3 per cent or S$0.01 lower at S$3.39 on Friday.