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Stocks to watch: Keppel Reit, Keppel Corp, Soilbuild Reit, Cache Logistics Trust, PEC

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THE following companies saw new developments that may affect trading of their shares on Thursday: Read more at The Business Times.

Keppel Reit:year-on-year to 1.39 Singapore cents. The DPU is payable on May 30. Property income edged up 0.7 per cent year on year to S$40.02 million, while net property income inched up 0.3 per cent to S$31.31 million. Distribution to unitholders was down 1.9 per cent to S$47.32 million on the back of the impact of occupancy changes, a weaker Aussie dollar, and lower income contribution from Ocean Financial Centre following the divestment of a 20 per cent stake in December 2018.

One is between Keppel Shipyard, and a leading operator of oil and gas production vessels, for fabrication and integration work on a floating production storage and offloading vessel. Work is expected to start in Q3 2019, with delivery scheduled for 2021. The second contract is between Keppel FELS and Diamond Offshore for the upgrade of the drilling semisubmersible rig Ocean Onyx. Keppel Corp closed up 15 Singapore cents or 2.27 per cent at S$6.76 on Wednesday before the announcement.

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