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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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment3

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