Stocks to watch: Wilmar, Keppel, IHH Healthcare, Koh Brothers Eco Engineering, Valuetronics

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (May 28):

Wilmar International : The company is among 10 crude palm oil (CPO) exporters under investigation for suspected under-invoicing and transfer-pricing practices, it was reported on Tuesday. Indonesia’s Finance Minister Purbaya Yudhi Sadewa said that the companies shipped or sold CPO to trading firms in Singapore, which then resold the cargo to the US after price mark-ups of as much as 50 per cent, raising concerns that a portion of export value may have been moved offshore. Shares of Wilmar closed flat at S$3.52 on Tuesday.

Keppel : It said on Tuesday that the Indonesian High Court upheld an earlier dismissal of an individual’s 2.28 trillion rupiah (S$186.3 million) claim over Jakarta land owned by its subsidiary. After the South Jakarta District Court on Feb 9 dismissed the individual’s claim over the disputed land, he submitted an appeal against the decision. Keppel shares closed 2.1 per cent or S$0.23 lower at S$10.84 before the news.