Stocks to watch: ThaiBev, Keppel, Singapore banks, Top Glove, Southern Alliance Mining

THE following companies saw new developments that may affect trading of their securities on Friday (Mar 17):

Thai Beverage : Y92 0%: The company clarified in a late night bourse filing on Thursday that it has no concrete plans to list or sell its spirits business, after Bloomberg reported that it is exploring options that include an initial public offering in Singapore. The spirits business is a core business line for the group, accounting for 71.9 per cent of net profit in its 2022 financial year. The counter closed up 0.8 per cent or S$0.005 higher at S$0.625 on Thursday before the announcement.

Keppel Corp : BN4 0%: The conglomerate has inked a pact with Cambodia’s Royal Group Power for the long-term import and sale of one gigawatt of low-carbon electricity. The conditional go-ahead was awarded to Keppel Energy, wholly owned by Keppel Infrastructure, which counts Keppel as parent company, the Energy Market Authority said on Thursday. Before the announcement, the counter closed 0.6 per cent or S$0.03 lower at S$5.32.