Stocks to watch: Seatrium, CapitaLand Investment, Keppel DC Reit, Suntec Reit, CLCT, TSH Resources
I'm LongbridgeAI, I can summarize articles.Seatrium secured a contract to convert five hydrogen-ready Powerships. CapitaLand Investment appointed Hsieh Fu Hua as independent chairman effective Jan 1, 2027. Keppel DC Reit reported an 11.7% rise in DPU and 16.7% growth in distributable income for the nine months ended Sep 30, 2026. Suntec Reit saw a 13.4% increase in Q3 DPU driven by stronger Singapore portfolio performance. CapitaLand China Trust posted declining NPI and revenue for Q3 and the first nine months of 2026. TSH Resources confirmed hot spots were outside its operational areas in Indonesia.
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Oct 23):
Seatrium : The offshore and marine group has secured a contract from power generation company Karpowership to convert and integrate five hydrogen-ready Whale Class Powerships, each capable of generating up to 600 megawatts of electricity. The first vessel is expected to arrive at Seatrium’s Tuas Boulevard Yard in December 2027. Shares of Seatrium closed S$0.05 or 2.7 per cent lower at S$1.78 on Thursday.
CapitaLand Investment : The real asset manager has appointed banking veteran Hsieh Fu Hua as its independent chairman and non-executive independent director, with effect from Jan 1, 2027. He will succeed Miguel Ko, 73, who will retire as non-executive chairman and non-independent director upon completing his term on Dec 31, the manager announced on Thursday. The manager is also appointing Png Chin Yee, president of Temasek Singapore, as a non-executive, non-independent director from Jan 1. The counter ended 0.9 per cent or S$0.02 lower at S$2.31 on Thursday.
Keppel DC Reit : The real estate investment trust (Reit) on Friday posted a distribution per unit (DPU) of S$0.08571 for the nine-month period ended Sep 30, 2026, up 11.7 per cent from S$0.0767 in the corresponding year-ago period. Distributable income rose 16.7 per cent year on year to S$228 million, while revenue grew 13.3 per cent to S$365.3 million. Units of Keppel DC Reit closed 0.5 per cent or S$0.01 higher at S$2.05 on Thursday.
Suntec Reit : The Reit’s DPU rose 13.4 per cent year on year to S$0.02017 for its third quarter ended Sep 30, from S$0.01778. Revenue was up 5.2 per cent at S$123.6 million. The Reit manager attributed the rise to stronger operating performance across its Singapore office and retail portfolio. Net property income (NPI) grew 6.2 per cent on the year to S$83.4 million from S$78.5 million. The counter closed flat at S$1.36 on Thursday, before the announcement of the results.
CapitaLand China Trust : The Reit on Friday posted NPI of 259.6 million yuan (US$38.9 million) for its third quarter ended Sep 30, 2026, down 5.1 per cent from 273.5 million yuan in the corresponding year-ago period. Revenue for Q3 fell 4.1 per cent year on year to 399.7 million yuan. For the first nine months of 2026, NPI declined 3.9 per cent to 820.6 million yuan, while revenue dropped 4.8 per cent to 1.22 billion yuan. Units of CLCT closed flat on Thursday at S$0.605.
TSH Resources : The plantation company said that 274 hot spots were detected within its estate boundaries in Indonesia between Jan 1 and Oct 21, but maintained that none of the fires occurred within its planted or operational areas. The Malaysian group, which has a primary listing on Bursa Malaysia and a secondary listing on the Singapore Exchange, said all the hot spots were located in community enclaves outside areas directly managed by the company. Shares of TSH Resources closed flat on Thursday at S$0.365.