Stocks to watch: Keppel DC Reit, SGX, Sri Trang Gloves

THE following companies saw new developments that may affect trading of their securities on Tuesday:

Keppel DC Reit: AJBU The real estate investment trust (Reit) has obtained two six-year revolving credit facilities guaranteed by Perpetual (Asia). The first is a loan facility obtained by KDCRFC for the amount of approximately 39.3 million euros (S$62.2 million). The second one is for the amount of £36.4 million (S$67.6 million). Units of Keppel DC Reit closed at S$2.54 on Monday, down 0.8 per cent or S$0.02, before the announcement.

Singapore Exchange (SGX): S68 The bourse is seeking approval from eligible shareholders for the issuance of new shares under its scrip dividend scheme at the annual general meeting on Oct 7. In a bourse filing on Monday, SGX said this will enable shareholders to acquire further equity in the company without having to incur brokerage fees, stamp duty and other related costs. Its shares closed S$0.20 or 2 per cent lower at S$10.03, ahead of the news.

Sri Trang Gloves (Thailand): STG The glove manufacturer has commissioned a new facility worth 1.6 billion baht (S$65.3 million) in Sadao District, Thailand, to meet the increasing global demand for latex and nitrile gloves. This will enable the group to produce three billion gloves annually upon completion of the ramp-up to eight production lines in April 2022, said the group on Monday evening. Shares of Sri Trang Gloves ended flat at S$1.50 prior to the announcement.