Stocks to watch: ST Engineering, Keppel Infrastructure Trust, Olam

THE following companies saw new developments that may affect trading of their securities on Wednesday (Jun 26):

Singapore Technologies Engineering (ST Engineering): The group broke ground for a new data centre, which will add 7.5 megawatts to its capacity. Capital expenditure on the data centre will be S$120 million over the next three years, said the group on Tuesday. Shares of ST Engineering closed 1 per cent or S$0.04 higher at S$4.14, before the news.

Keppel Infrastructure Trust : Its subsidiary has obtained a sustainability-linked loan of S$612.5 million, said Keppel Infrastructure Fund Management on Tuesday. Proceeds will be used to refinance the outstanding portion of a loan that matures on Jun 30, 2027. Units of Keppel Infrastructure Trust closed 1.1 per cent or S$0.005 lower at S$0.47, before the announcement.

Olam Group : Its indirect 64.6 per cent-owned subsidiary, Olam Agri, has obtained a loan facility of US$550 million, said the group on Tuesday. Proceeds from the loan will be used to repay Olam Agri’s existing loans and for general corporate purposes. Shares of Olam closed 0.9 per cent or S$0.01 higher at S$1.15, after the news.