Stocks to watch: Suntec Reit, ComfortDelGro, Seatrium, Keppel, Sembcorp, Sabana Reit, GHY Culture

THE following companies saw new developments that may affect trading of their securities on Wednesday (Jan 24): Suntec Real Estate Investment Trust (Reit): The Reit’s manager reported on Wednesday that its distribution per unit (DPU) for the second half of 2023 fell by 10.2 per cent to S$0.03659 from S$0.04074 a year earlier. Despite higher gross revenue for the period, property expenses and lower interest income dragged on the Reit’s overall bottom line. Units of Suntec Reit closed up 0.8 per cent or S$0.01 at S$1.2 on Tuesday.

ComfortDelGro : The transport group’s 45 per cent owned joint venture with the UK’s Go-Ahead Group has obtained a contract to operate and maintain the Stockholm Metro. The group said on Wednesday that the 11-year contract, which starts in May 2025, will be its first rail contract in Sweden and its largest rail passenger operation outside Singapore. Its counter ended 0.7 per cent or S$0.01 lower at S$1.40 on Tuesday.

Seatrium : The shipbuilding and repairing company said on Tuesday that it obtained a S$400 million committed green revolving loan facility from UOB to support environmentally sustainable projects. The facility will support the group’s efforts towards its environmental, social and governance targets over time. Its counter closed at S$0.10, down 2.8 per cent or S$0.003, after the announcement.