Stocks to watch: UOB Kay Hian, Keppel DC Reit, FLCT

THE following companies saw new developments that may affect trading of their securities on Friday (Oct 18):

UOB Kay Hian : The Singapore Exchange Regulation on Thursday lifted the brokerage’s moratorium, which restricted it from managing submissions for fresh initial public offerings (IPO) and reverse takeovers (RTO). This paves the way for UOB Kay Hian to resume its role as issue manager and full sponsor for IPOs and RTOs on the local bourse. The counter ended at S$1.59, up S$0.01 or 0.6 per cent, before the announcement.

Keppel DC Real Estate Investment Trust (Keppel DC Reit) : Its third-quarter distribution per unit rose 0.4 per cent to S$0.02501, from S$0.02492 in the year-ago period. This comes amid increased rent from strong reversions, a partial-settlement distribution received in the first half of the year, as well as contributions from its Tokyo data centre, said its manager in a business update on Friday. The counter closed 0.9 per cent or S$0.02 lower at S$2.22 on Thursday.

Frasers Logistics & Commercial Trust (FLCT) : The trust is set to acquire a six-storey ramp-up logistics facility in Tuas for S$140.3 million. The acquisition is slated for completion by the first quarter of FY2025, after which the percentage of logistics and industrial assets within FLCT’s portfolio will go up from 70.9 per cent to 71.5 per cent. Units of FLCT closed flat at S$1.12 on Thursday, before the announcement.