Stocks to watch: ST Engineering, Seatrium, Keppel, Clas, OKP

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (May 29): 

ST Engineering : The company said on Thursday that it has appointed Jeffrey Lam as group deputy chief executive officer, effective Jun 1. Lam, currently chief operating officer (operations excellence) and president of commercial aerospace, will step down from both roles. Shares of ST Engineering closed 0.5 per cent or S$0.06 lower at S$11.04 on Thursday, before the news.

Seatrium : In a business update on Friday, the company reported a net order book of S$15.5 billion across 24 projects as at its first quarter ended Mar 31, 2026, with delivery dates till 2033. Gross margin strengthened and ongoing projects continued to advance in line with expectations, Seatrium said. Shares of the group closed 1.4 per cent or S$0.03 lower at S$2.17 on Thursday.

Keppel : The company said on Friday that it has started commercial operations at the Keppel Sakra Cogen Plant, marking the launch of Singapore’s first hydrogen-compatible combined cycle power plant. The 600-megawatt (MW) facility expands Keppel’s total power capacity by some 45 per cent. The plant is fully contracted for 2026 and 2027, and is expected to bolster Keppel’s recurring income. The counter closed at S$10.72 on Thursday, S$0.12 or 1.1 per cent lower.

CapitaLand Ascott Trust (Clas) : It will sell its upscale hotel, The Robertson House by The Crest Collection, to an unrelated third party for S$360 million, the trust said on Friday. The hotel, located along Unity Street in Singapore, will be divested at 4 per cent above book value, and an exit yield of 2.3 per cent. It will receive net proceeds of S$341.7 million from the divestment, which is expected to close in Q3 2026. Clas ended Thursday 0.6 per cent or S$0.005 lower at S$0.895.

OKP : The infrastructure and civil engineering company clinched a S$165.3 million contract from the Land Transport Authority for commuter infrastructure works, under which its unit Or Kim Peow Contractors will design and construct elevator shafts at 30 pedestrian overhead bridges in Singapore. The group said its order book stood at S$760.7 million as at Thursday, with projects until 2031. Shares of OKP ended Thursday 2.5 per cent or S$0.02 higher at S$0.835, before the news.