Singapore Stocks to Watch: Keppel DC Reit, Keppel Infrastructure Trust, Sabana Reit, Keppel Pacific Oak US Reit

Tiger Newspress2023-04-19

The following companies saw new developments that may affect the trading of their securities on Wednesday (Apr 19):

Keppel DC Reit’s distribution per unit (DPU) rose 3 percent to 2.541 Singapore cents for its first quarter ended Mar 31, 2023, from 2.466 cents the year before.

The manager of Keppel Infrastructure Trust(KIT) announced on Tuesday (Apr 18) plans to launch an equity funding exercise to raise gross proceeds of at least S$240 million.

Proxy advisor Glass Lewis' report on Sabana Industrial REIT makes for interesting reading. In summary, Glass Lewis is recommending that fund managers and institutional unitholders vote for all the resolutions put forward during the AGM to be held on April 25.

Keppel Pacific Oak US Reit(KORE) posted an adjusted distributable income of US$13.1 million for its first quarter ended Mar 31, 2023, down 12.5 percent from US$14.9 million a year earlier.

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Comments

  • Looyusooi
    2023-04-19
    Looyusooi
    Ok
  • YJ Lee
    2023-04-19
    YJ Lee
    Ok
  • Chris Tan
    2023-04-19
    Chris Tan
    Just go for banks shares. High interest rates 3X compared to before interest rates hikes. Good profits for the banks 👍
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