Stocks to watch: SIA, Keppel Infrastructure Trust, Nam Cheong, Prime US Reit

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Apr 7):

Singapore Airlines (SIA) : Campbell Wilson, the chief executive of Air India, has resigned and is serving his notice period, according to local media. The Indian flag carrier is 25.1 per cent owned by SIA Group and has been grappling with the aftermath of a crash that killed 260 people last year. SIA’s share of losses from associated companies including Air India rose from S$163 million to S$178 million during the third quarter. Shares of SIA fell 0.5 per cent to close S$0.03 lower at S$6.62 on Monday.

Keppel Infrastructure Trust : The manager of the trust announced on Tuesday that it has appointed Khor Poh Hwa as the new chairman of the board. Khor, 76, will succeed Daniel Ee, 73, on Apr 29. Units of Keppel Infrastructure Trust ended at S$0.52 on Monday, S$0.005 or 1 per cent higher.