Stocks to watch: Singtel, Keppel Reit, Oxley, Trendlines Group

THE following companies saw new developments that may affect trading of their securities on Tuesday (Oct 10):

Singtel : South Korea’s KakaoBank is joining Grab, Singtel and Emtek Group to invest in Indonesia’s Superbank, by acquiring a 10 per cent stake in new issued shares of the upcoming digital bank. Superbank is expected to launch its app this year, said the banks on Tuesday. Shares of Singtel ended Monday unchanged at S$2.38.

Keppel Reit : The real estate investment trust has obtained US credit rating agency Equifax as an anchor tenant for its Blue & William office development located in North Sydney. Equifax occupies more than 4,350 square metres across the fifth and seventh levels of the property, which now has around half its office space leased, the manager said on Tuesday. Keppel Reit units closed flat at S$0.83 on Monday.