Stocks to watch: ST Engineering, Keppel, Manulife US Reit

THE following companies saw new developments that may affect trading of their securities on Friday (Oct 20):

ST Engineering : A consortium led by the group’s unit has been awarded a contract by an Abu Dhabi government agency to design, build and maintain the emirate’s first multimodal, intelligent transport-management platform. ST Engineering’s Urban Solutions unit will also be responsible for the system integration and overall project management until 2027. The counter closed S$0.09 or 2.3 per cent lower at S$3.79 on Thursday, after the announcement.

Keppel Corporation : The company on Thursday reported in a business update that its Q3 net profit was “stronger” year on year, but did not disclose a profit figure. For the nine-month period, earnings from continuing operations grew, led by the infrastructure and connectivity segments. It said that total distribution payout for the current year is set to come in at around S$2.70 per share, including a dividend-in-specie of Keppel Reit units worth S$0.18 per share. Shares of Keppel Corp fell 1.1 per cent or S$0.07 to close at S$6.25, before the results update.