Stocks to watch: Singtel, CapitaLand Investment, SIA, First Sponsor 

THE following companies saw new developments that may affect trading of their securities on Monday (Sep 18):

Singtel : A fund managed by global investment firm KKR is committing up to S$1.1 billion for a 20 per cent stake in Singtel’s regional data centre business. This investment puts the enterprise value of Singtel’s overall regional data centre business at S$5.5 billion, said the telecommunications group on Monday. KKR will also have the option of increasing its stake to 25 per cent by 2027 at the pre-agreed valuation. Singtel closed Friday 1.7 per cent or S$0.04 higher at S$2.40.

CapitaLand Investment (CLI): The property investment manager on Monday said its regional private fund acquired a logistics property in Anseong, South Korea, for S$112 million. The move brings the regional entity’s funds under management to more than S$1 billion. CLI shares closed 1.9 per cent or S$0.06 higher at S$3.22 on Friday. Singapore Airlines (SIA): The national carrier and its budget arm Scoot flew 34,900 fewer passengers in August compared to July. The group’s operating statistics showed it transported just under three million passengers last month. SIA shares gained 0.9 per cent or S$0.06 to close at S$6.87 on Friday, before the announcement was made.