Stocks to watch: YZJ Shipbuilding, JMSEA, KIT, UMS, CDLHT, Boustead Singapore
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Nov 11):
Yangzijiang Shipbuilding : The Chinese shipbuilding company reported on Tuesday that has secured almost US$7 billion order wins in the year to date, taking its outstanding order book to US$26.3 billion. It said new-build demand remains firm, driven by fleet renewal, the shift to dual-fuel vessels and trade route disruptions that continue to absorb shipping capacity. Shares of Yangzijiang Shipbuilding closed 5.5 per cent or S$0.24 higher at S$4.59 on Tuesday.
Jardine Matheson Southeast Asia (JMSEA) : The Hong Kong-based conglomerate reported a mixed performance across its businesses for the first nine months of 2026. Astra, its Indonesian subsidiary, reported a 1 per cent decline in net profit, excluding non-recurring charges, while its Vietnam-based associates Truong Hai Group and REE posted higher earnings. Tunas Ridean, another Indonesian associate, also recorded higher car sales and profits. It was the group’s first performance update since divesting Cycle & Carriage. Shares of JMSEA closed 1.6 per cent or S$0.37 higher at S$24.08 before the update.
Keppel Infrastructure Trust (KIT) : The trust said on Wednesday it is proposing to acquire a 70 per cent stake in Keppel Sakra Cogen, a hydrogen-compatible power plant, for up to S$111.6 million. Based on pro forma FY2025 figures, the acquisition would have raised KIT’s distribution per unit by about 5.1 per cent to S$0.0414 from S$0.0394, before scheduled loan repayments begin. After repayments commence, it would still be DPU-accretive by about 2.8 per cent, raising DPU to S$0.0405. The deal is subject to regulatory and unitholder approvals. KIT closed flat at S$0.49 on Tuesday.
UMS Integration : The precision engineering company more than doubled its net profit to S$21.1 million for its third quarter ended Sep 30. Revenue rose 61 per cent year on year to S$95.4 million, its highest quarterly figure in three financial years. Growth was driven by its semiconductor and aerospace businesses, with semiconductor revenue climbing 65 per cent and aerospace revenue rising 55 per cent. The group declared an interim dividend of S$0.01 a share, payable on Dec 18. Shares of UMS rose 3.6 per cent or S$0.06 to close at S$1.75 on Tuesday, before the results were announced.
CDL Hospitality Real Estate Investment Trust (CDLHT) : The trust’s manager has launched a preferential offering for 231.4 million new stapled securities at an issue price of S$0.643 per stapled security. The offering is expected to raise gross proceeds of around S$148.8 million. Most of the proceeds will go towards financing the acquisition of Moxy Singapore Clarke Quay, a 475-room lifestyle hotel. The hotel is expected to begin operations by end of the first quarter of 2027. Stapled securities of CDLHT ended flat at S$0.715 on Tuesday.
Boustead Singapore : The engineering and technology group on Tuesday reported a 10 per cent year-on-year decline in net profit to S$31.5 million for its first half ended Sep 30, despite revenue rising 38 per cent to S$406.6 million. The earnings decline was attributed to lower gross profit margins, a higher effective tax rate and an S$8.4 million reversal of share of net asset value following the dilution of its stake in associate UIB Holdings. The group declared an interim dividend of S$0.02 per share, up S$0.005 from a year earlier. It shares ended flat at S$1.62 on Tuesday.
