Stocks to watch: Keppel DC Reit, Ascott Residence Trust, Hatten Land, AEM Holdings, Intraco

Paige Lim

Published Mon, Dec 27, 2021 · 08:24 AM

THE following companies saw new developments that may affect trading of their securities on Monday (Dec 27):

Keppel DC Reit: AJBU The Reit's manager on Monday (Dec 27) said it is acquiring a data centre in Bracknell, United Kingdom, which is part of the Greater London urban area, for £57 million (S$105.5 million). The property will be the Reit's second acquisition of a data centre in Greater London, and its third in the UK. Units of Keppel DC Reit closed at S$2.41 on Friday (Dec 24), up S$0.01 or 0.4 per cent.

Ascott Residence Trust (ART), Capitaland Investment: HMN9CI The hospitality trust will double its student accommodation assets with four acquisitions in the United States valued at US$213 million (S$291.2 million), managers of the stapled group announced on Monday (Dec 27). Its managers are wholly owned subsidiaries of Capitaland Investment. The yield-accretive acquisition is set to increase ART's pro forma FY 2020 distribution per stapled security by about 3 per cent. Units of ART closed down 1 per cent or S$0.01 at S$1 on Friday (Dec 24), while shares of Capitaland Investment closed flat at S$3.37.

Hatten Land: PH0 The Catalist-listed Malaysia property developer has inked an agreement with Huawei International to jointly explore and develop business opportunities in renewable energy, data centres, cloud computing, enterprise intelligence and fintech infrastructure. Hatten Land on Monday (Dec 27) asked for a lifting of a halt to trading it called on Friday (Dec 24). Its shares last traded at S$0.047 on Dec 23.

AEM Holdings: AWX The semiconductor equipment maker has been given the go-ahead by the Singapore Exchange for dual-currency trading of its shares. From 9am on Jan 4, 2022, shares of AEM will commence trading in US dollars as well as Singapore dollars. Shares of AEM closed at S$5.14 midday on Friday (Dec 24), up S$0.05 or 1 per cent, before the announcement was made.

Intraco: I06 The mainboard-listed trading company said on Friday that it will issue up to 10 million new ordinary shares at S$0.45 each, to raise net proceeds of about S$4.5 million. Proceeds will be partially used to finance the company's proposed investment in MHC Digital Group. Intraco closed at S$0.47 on Dec 22 before requesting for a trading halt the following day. Its shares resume trading Monday (Dec 27).