Stocks to watch: Singtel, CapitaLand Ascott Trust, Keppel

THE following companies saw new developments that may affect trading of their securities on Wednesday (Oct 9):

Singtel: Business and emergency services hotlines, including those of hospitals and the Singapore Civil Defence Force (SCDF), could not be reached for several hours on Tuesday due to an islandwide disruption involving Singtel’s telecommunications network. Shares of the telco giant ended S$0.01 or 0.3 per cent higher at S$3.18, before the SCDF and police announced that their hotline services were restored.

CapitaLand Ascott Trust (Clas): The stapled group has divested Citadines Karasuma-Gojo Kyoto in Japan for about 6.2 billion yen (S$53.1 million), announced its managers on Wednesday. The sale price is 40.1 per cent above the serviced residence’s book value as at end-2023, with an exit earnings before interest, taxes, depreciation and amortisation yield of about 0.3 per cent. Stapled securities of Clas ended Tuesday 1 per cent or S$0.01 lower at S$0.955.