Stocks to watch: Keppel T&T, The Trendlines, Cordlife, CCT, Ascott Reit

THE following stocks made announcements after the market closed on Friday, which may affect their trading on Monday:

Keppel Telecommunications & Transportation (Keppel T&T): It marked the expansion of its data centre footprint to Hong Kong with a long-term collaboration agreement with PCCW Global, the international operating division of HKT, Hong Kong's premier telecommunications service provider.

Under the agreement, Keppel Data Centres Holding and PCCW Global will co-develop and market an international carrier exchange in Hong Kong, which offers connectivity-related managed services to facilitate interconnects.

The Trendlines Group: It has signed a definitive agreement with Bayer AG to set up a limited partnership in Israel, in which Bayer will invest US$10 million. The fund, known as Bayer Trendlines Agtech Innovation Fund, will be managed by The Trendlines and will focus on investments in early-stage agritech companies of the group.

Cordlife Group: The healthcare company said on Monday the High Court had on April 15 delivered its decision on the assessment of damages in the group's claim against Cryoviva Singapore Pte Ltd concerning trade-mark infringement, copyright infringement and passing off, and awarded Cordlife the sum of S$63,904.63 in damages.

The lawsuit was commenced against Cryoviva in January 2014. The group said it is now reviewing the grounds of the decision and will explore all options before deciding its next course of action.

CapitaLand Commercial Trust (CCT): The trust enjoyed a maiden contribution from its stake in CapitaGreen and a higher one from its stake in Raffles City Singapore in its results for the first quarter ended March 31, where distribution per unit rose 3.3 per cent from a year ago to 2.19 Singapore cents. This prompted DBS Group Research to maintain its "buy" call on the Reit and raise its target price to S$1.53 from S$1.45, citing CCT's 14 per cent 12-month total return (8 per cent capital upside and 6.2 per cent yield).

Ascott Residence Trust (Ascott Reit): The Reit on Friday posted, for the first quarter of 2016, a 1.1 per cent year-on-year rise in distributable income to S$27.3 million and a distribution per unit (DPU) of 1.75 Singapore cents, down from 1.76 Singapore cents a year ago. This is due to an enlarged unit base arising from the S$100 million equity placement in March, when Ascott Reit issued 94.8 million new units at a price of S$1.055 per unit to partly fund its second acquisition in New York.

Excluding the dilutive effect of the equity placement, its first-quarter DPU would be 1.76 Singapore cents.