Stocks to watch: Singtel, Hongkong Land, Keppel Reit, FLCT, GuocoLand, ESR-Reit

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Feb 4): 

Singtel : KKR and Singtel will acquire Singapore-based ST Telemedia Global Data Centres for S$6.6 billion, in one of the largest data-centre transactions in Asia. Upon completion, KKR and Singtel will own stakes of 75 per cent and 25 per cent, respectively, in the company. Shares of Singtel closed 4.7 per cent or S$0.22 higher at S$4.86 on Tuesday.  

Hongkong Land : The group launched a S$8.2 billion Singapore private fund focused on managing prime commercial property assets in the Republic. It said on Tuesday that it injected its one-third interests in Marina Bay Financial Centre Towers 1 and 2, Marina Bay Link Mall and One Raffles Quay into the Singapore Central Private Real Estate Fund, which is the country’s largest commercial real estate private fund. Shares of Hongkong Land closed US$0.39 or 4.7 per cent higher at US$8.67 on Tuesday.

Keppel Real Estate Investment Trust (Reit) : The manager of Keppel Reit posted a distribution per unit (DPU) of S$0.0251 for the second half ended Dec 31, 2025, down 10.4 per cent from S$0.028 in the year-ago period. Net property income rose 2.4 per cent to S$107.7 million from S$105.1 million previously. Units of Keppel Reit closed Tuesday flat at S$0.98.

Frasers Logistics & Commercial Trust (FLCT) : The manager posted positive rental reversions of 10.7 per cent on an incoming versus outgoing basis for Q1 ended Dec 31. On an average versus average basis, FLCT booked positive rental reversions of 29.8 per cent, said FLCT on Tuesday. The overall positive reversions were driven mainly by its logistics and industrial segment, which logged a 13.4 per cent increase on an incoming versus outgoing basis, and 36.4 per cent on an average basis. The counter ended Tuesday flat at S$1.01, before the announcement.

GuocoLand : The property developer on Tuesday proposed to privatise its Malaysia-listed unit GuocoLand (Malaysia) at a RM1.10 per share offer price, for the 34.97 per cent stake it does not own. This will give the group greater flexibility to manage the business, enabling a more streamlined operating structure and improved utilisation of resources, GuocoLand said. Shares of GuocoLand last closed flat at S$2.68 on Monday, before the group called for a trading halt which will be lifted on Wednesday.

ESR-Reit : The manager of ESR-Reit on Wednesday posted a DPU of S$0.10675 for its second half ended Dec 31, up 7.1 per cent year on year. This was driven by robust revenue and net property income growth from strategic acquisitions, positive rental reversions and contributions from completed asset enhancement initiatives. Units of ESR-Reit rose 0.4 per cent or S$0.01 to close at S$2.71 on Tuesday.