Stocks to watch: Singtel, SIA, Seatrium, Mooreast, Sabana Reit

THE following companies saw new developments that may affect trading of their securities on Wednesday (Jun 19): 

Singtel : The telco’s regional data centre business, Nxera, is partnering Malaysian telco TM to develop data centres, starting with one in Johor. Singtel is also part of a consortium, along with US investment firm KKR, which will invest S$1.75 billion in data-centre provider ST Telemedia Global Data Centres. Shares of Singtel closed 1.2 per cent or S$0.03 higher at S$2.58 on Tuesday.

Singapore Airlines (SIA): The group reported a 10.2 per cent year-on-year increase in passenger traffic in May 2024, as demand for air travel remained robust. SIA and Scoot carried a total of 3.2 million passengers over the month, which is 14.3 per cent higher than the year before. Shares of SIA closed 0.5 per cent or S$0.03 higher at S$6.76 on Tuesday, before the announcement.