Stocks to watch: Singtel, Clas, Keppel, Digital Core Reit, Frasers Hospitality Trust

THE following companies saw new developments that may affect trading of their securities on Wednesday (Oct 9):

Singtel : Business and emergency services hotlines, including those of hospitals and the Singapore Civil Defence Force (SCDF), could not be reached for several hours on Tuesday due to an islandwide disruption involving Singtel’s telecommunications network. Shares of the telco giant ended S$0.01 or 0.3 per cent higher at S$3.18, before the SCDF and police announced that their hotline services were restored.

CapitaLand Ascott Trust (Clas): The stapled group has divested Citadines Karasuma-Gojo Kyoto in Japan for about 6.2 billion yen (S$53.1 million), announced its managers on Wednesday. The sale price is 40.1 per cent above the serviced residence’s book value as at end-2023, with an exit earnings before interest, taxes, depreciation and amortisation yield of about 0.3 per cent. Stapled securities of Clas ended Tuesday 1 per cent or S$0.01 lower at S$0.955.

Keppel : Its wholly owned subsidiary Keppel Pegasus was awarded S$34 million plus interest by the arbitral tribunal for a 2022 dispute which arose with Cuscaden Peak Investments, then known as Singapore Press Holdings. Shares of Keppel closed S$0.12 or 1.8 per cent lower at S$6.53 on Tuesday, before the announcement.

Digital Core Reit : The pure-play data centre real estate investment trust (Reit) has amended, extended and upsized US$716 million worth of loan facilities which will be used to refinance existing facilities of US$703 million, among other purposes. On Wednesday, its manager said the refinancing will provide increased financial flexibility for the Reit. Its units closed at US$0.58 on Tuesday, down US$0.015 or 2.5 per cent.

Frasers Hospitality Trust (FHT): Its wholly owned Australian subsidiary, FHT Australia Trust, would not qualify as a withholding managed investment trust for the current fiscal year, following the completion of a share swap. As a result, FHT’s distributable income for FY2024 would fall by about S$1.3 million, said its managers on Wednesday. Stapled securities of FHT closed flat on Tuesday at S$0.455.