Stocks to watch: Sembmarine, Keppel Corp, ESR-Logos Reit, Sasseur Reit, OKP

NEW developments at the following companies may affect trading of their securities on Friday (Feb 17): 

Sembcorp Marine (Sembmarine), Keppel Corporation : Sembmarine’s shareholders voted overwhelmingly for the merger with Keppel Corp’s offshore and marine unit, with over 95 per cent of votes cast in favour of the proposal. Shares of Sembmarine ended Thursday up 0.7 per cent or S$0.001 at S$0.136, while shares of Keppel Corp also ended the day up 0.7 per cent or S$0.05 at S$7.13 after the news. 

ESR-Logos Reit : The industrial Reit announced on Friday that its private placement was three times subscribed. Each unit was priced at S$0.33 with about 454.5 million new units issued. The price for its preferential offering has also been fixed at S$0.325 apiece and will be launched if the resolution passes through at the next extraordinary general meeting. ESR-Logos Reit units ended Wednesday flat at S$0.35 before the manager called for a trading halt.

Sasseur Real Estate Investment Trust (Sasseur Reit): Its distribution per unit (DPU) for the fourth quarter has fallen 31.5 per cent to 1.302 Singapore cents, from 1.9 cents the previous year. Its manager on Friday said widespread Covid-19 outbreaks in China during the last quarter of 2022 led to mandated temporary closures and shorter operating hours at Sasseur Reit’s outlets, resulting in lower distributable income. Units of Sasseur Reit ended S$0.01 or 1.2 per cent higher at S$0.825 on Thursday.

OKP : The infrastructure and civil engineering company announced on Thursday it has won a contract worth S$95.9 million from the Land Transport Authority for the maintenance of roads, road-related and commuter-related facilities along the south-east sector. The company secured the 36-month contract on Feb 6 and expects it to be completed by the first quarter of 2026. Shares of OKP closed flat at S$0.167 on Thursday before the news.