Stocks to watch: Keppel, Sembcorp, Seatrium, Keppel Reit, AcroMeta

THE following companies saw new developments that may affect trading of their securities on Tuesday (Oct 22):

Keppel: The asset manager’s private fund has formed a joint venture with digital infrastructure company Digital Decarbonization Solutions Platform to build an 80-megawatt greenfield data centre campus in northern Taiwan. This comes as Keppel is positive on the utilisation rate of the Taiwan data centre market. Shares of Keppel closed 0.3 per cent or S$S$0.02 lower at S$6.45 on Monday, before the news.

Sembcorp Industries: Its wholly owned subsidiary, Sembcorp Utilities, is partnering Indonesian government-owned electricity producer PLN’s sub-holding company on a green hydrogen production facility. Sembcorp on Monday said the project is part of a larger initiative to create a regional green hydrogen hub linking Sumatra, the Riau Islands and Singapore. The counter closed 0.2 per cent or S$0.01 lower at S$5.51 on Monday.