Stocks to watch: Keppel DC Reit, Centurion, ComfortDelGro, SingPost, SIAEC, Paragon Reit

THE following companies saw new developments that may affect trading of their securities on Monday (Feb 17):

Keppel DC Real Estate Investment Trust (Keppel DC Reit): The trust is selling Kelsterbach Data Centre in Frankfurt, Germany, to an unrelated third party for 50 million euros (S$70.6 million). On Monday, the trust manager said the divestment is estimated to take place in the first half of 2025 and it is not expected to materially impact Keppel DC Reit’s net asset value and distribution per unit for the fiscal year ending Dec 31, 2025. The counter ended Friday 2.8 per cent or S$0.06 lower at S$2.10.

Centurion: The accommodation assets operator issued a profit guidance on Monday forecasting “a substantial increase” in net profit for FY2024. This is primarily attributable to gains in net fair value on the group’s investment properties and the investment properties of its associated companies expected for FY2024. The company is expected to release its full year results on Feb 26. Shares of Centurion closed 1 per cent or S$0.01 lower at S$1.01 on Friday, before the announcement.

ComfortDelGro: The land transport operator on Monday said it has a “zero-tolerance policy towards any kind of fraud and wrongdoing”, in response to media publications alleging its indirect, wholly owned subsidiaries of scams and fraudulent taxi transactions. One of the subsidiaries involved, A2B Australia is investigating the issue and has engaged external legal counsel to advise on the matter. Shares of ComfortDelGro ended Friday 1.5 per cent or S$0.02 higher at S$1.38.

Singapore Post (SingPost): The company announced its appointment of two new directors as part of its board renewal. On Monday, it said that Chng Lay Chew and Ng Chin Hwee had been appointed as non-executive, independent directors of the company. This comes as the company announced in December the firing of three senior management executives over their negligence in the handling of internal investigations related to a whistleblower’s report. SingPost shares closed 0.9 per cent or S$0.005 up at S$0.56 on Friday before the announcement.