Stocks to watch: Yangzijiang, Suntec Reit, Sheng Siong, ALog, Sabana, Keppel, OUELH

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

Yangzijiang Shipbuilding BS6 : The mainboard-listed company said on Wednesday it intends to purchase the remaining 20 per cent stake it does not already own in a shipyard, for 650 million yuan (S$137 million). The purchase will be fully funded by 100 million treasury shares. YZJ shares closed unchanged on Wednesday at S$1.36, before the announcement.

Suntec Reit T82U : T82U 0% : The real estate investment trust (Reit) on Thursday posted a 26.1 per cent rise in its distribution per unit (DPU) to 4.154 Singapore cents for the six-month period ended June 30, 2021, up from 3.293 cents for the same period a year. Units of the Reit closed at S$1.47, down S$0.01 or 0.7 per cent on Wednesday.

Sheng Siong OV8 : The supermarket operator announced on Wednesday a lease agreement to open a new store in China. The store, in the city of Kunming in Yunnan province, is expected to be operational before the end of the year. Sheng Siong shares rose 0.6 per cent or S$0.01 on Wednesday to close at S$1.60 before the announcement.

ARA Logos Logistics Trust K2LU : K2LU 0% : Its DPU rose 10.6 per cent to 2.57 cents for the first half ended June 30, 2021, from 2.323 cents in the year-ago period, the trust's manager announced on Thursday. ARA Logos units closed at S$0.87 on Wednesday, down 1.7 per cent or 1.5 cents.

Sabana Reit M1GU : M1GU 0% : The Reit recorded DPU of 1.48 Singapore cents for the half year ended June 30, 2021, more than three times the DPU of 0.47 cents reported for the same period a year ago. Sabana Reit closed flat at S$0.43 on Wednesday, before the release of the results on Thursday morning.

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Keppel Corp BN4 : The conglomerate said on Wednesday two subsidiaries of Keppel Offshore and Marine (O&M) have received a request for arbitration from a counterparty to two contracts. The counterparty has withheld US$11.3 million due to the subsidiaries and asked for a further payment of US$31.2 million. The subsidiaries intend to "vigorously defend the claim". Shares of Keppel closed at S$5.20 on Wednesday, up S$0.02 or 0.4 per cent, before the announcement.

OUE Lippo Healthcare 5WA : The healthcare group said on Wednesday night that the emergency department of its flagship Hlaing Tharyar Hospital has been temporarily closed due to "a shortage of manpower, oxygen and medical supplies" amid a recent spike in Covid-19 infections in Myanmar. It said the hospital's other departments were still functioning. Shares of OUELH closed unchanged at S$0.04 on Wednesday before the announcement.