Stocks to watch: Keppel Reit, Yangzijiang, IHH Healthcare, BRC Asia, No Signboard

THE following companies saw new developments that may affect trading of their securities on Tuesday (Nov 30):

Keppel Reit K71U : K71U 0%: The real estate investment trust's (Reit) wholly-owned subsidiary has agreed to acquire and develop a Grade A freehold office building in Sydney, Australia for a total development consideration of A$327.7 million (S$322.2 million), the Reit manager said in a bourse filing on Tuesday. Units of Keppel Reit fell S$0.03 or 2.6 per cent to close at S$1.11 on Monday (Nov 29).

Yangzijiang Shipbuilding (Holdings) BS6 : BS6 0%: The shipbuilding and repair company has proposed a spin-off and listing of the group's investment segment via the transfer of existing investments to a newly incorporated company that will focus on asset management and direct investments. This will create 2 separate listed companies to pursue more targeted business strategies and accelerate growth, said the group in a bourse filing on Monday. Yangzijiang's shares closed flat at S$1.30 before the announcement.

IHH Healthcare Q0F : Q0F 0%: The Malaysian hospital group reported on Monday a 77 per cent year-on-year jump in third-quarter net profit to RM550 million (S$177.6 million) amid a steady return of patients to hospitals and the continued provision of Covid-19 support services. IHH said its key markets - Malaysia, Singapore, India and Greater China - all saw improved performance. Shares of the counter closed S$0.02 or 1 per cent higher at S$2.12 on Monday before the announcement.

BRC Asia BEC : BEC 0%: The steel reinforcement solutions provider posted on Monday a full-year net profit of S$47 million, up 131 per cent from a year ago, on improved sales volume and higher steel prices. The group proposed a final dividend of S$0.04 per share and a special dividend of S$0.04 per share. Including the interim dividend paid out earlier in the year, total dividend for FY2021 stands at S$0.12 per share, representing around 61 per cent of earnings. Shares of BRC Asia closed up S$0.01 or 0.7 per cent to S$1.50 before the announcement on Monday.

No Signboard Holdings 1G6 : 1G6 0%: The seafood restaurant operator reported on Monday a net loss of S$6.4 million for the year ended Sep 30, narrowing from S$9.8 million a year ago. With the prolonged pandemic, the group said its current priority is to preserve cash to support working capital requirements, continue to keep operating costs low and to ensure that it has sufficient resources to tide through this period, including exploring additional fund-raising activities and options. Shares of No Signboard closed flat at S$0.041 on Monday before the announcement.

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Trading halt: Manulife US Reit BTOU : BTOU 0% has called for a trading halt on Tuesday morning, as it revealed plans to acquire 3 properties in the US for US$201.6 million. To partially fund the acquisition, its manager is proposing a private placement to raise gross proceeds of no less than US$80 million. Shares of the counter closed at S$0.71, down S$0.01 or 1.4 per cent, on Monday.