The following companies saw new developments that may affect trading of their securities on Tuesday (Oct 10):
South Korea’s KakaoBank is joining Grab, Singtel and Emtek Group to invest in Superbank by acquiring a 10 percent stake in the upcoming digital bank through the issuance of new shares. The move comes ahead of Superbank’s planned launch of its app to the public this year. Superbank was previously known as Bank Fama International, which was majority owned by Indonesia-listed media and technology conglomerate Elang Mahkota Teknologi, or Emtek Group.
UOB Kay Hian's Jonathan Koh has kept his "buy" call on Keppel REIT, with a slightly reduced target price of $1.06, from $1.08 previously, with signs of recovery for its Sydney portfolio even as the Singapore assets remain stable. Meanwhile, Mapletree Industrial Trust has been kept at "buy", along with a revised target price of $2.76, slightly higher from $2.74 indicated earlier.
Oxley Holdings is selling an office tower at Oxley Towers KLCC in Kuala Lumpur for approximately RM406 million (S$118 million) to Alliance Bank Malaysia. The transaction includes its Grade A office tower and four adjoining parcels of retail units, Oxley said in a bourse filing on Monday (Oct 9).
Trendlines Group does not anticipate “significant impact” on its operations arising from the armed conflict between Israel and Hamas; “limited impact” is expected on some of its portfolio companies’ operations, the Catalist-listed company said in a bourse filing on Monday (Oct 9).
