Stocks to Watch on Wednesday | Lianhe Zaobao

Investors are concerned that artificial intelligence will bring more competition to software manufacturers, leading to a decline in tech stocks. The three major U.S. stock indices failed to maintain their gains from the previous day and collectively fell on Tuesday (February 3). At the close, the Dow Jones Industrial Average fell 0.34%; the S&P 500 dropped 0.84%; and the Nasdaq index decreased by 1.43%. The FTSE Straits Times Index rose 1.06% or 51.82 points, closing at 4944.09 points. Here are some stocks to watch on Wednesday (4th): Singtel and a consortium formed with U.S. investment firm KKR will acquire the remaining 82% stake in ST Telemedia Global Data Centres (STT GDC) for SGD 6.6 billion. According to a statement issued by KKR and Singtel before the market opened, this price corresponds to an implied enterprise value of SGD 13.8 billion. After the transaction is completed, KKR and Singtel will hold 75% and 25% of the company, respectively. STT GDC is a subsidiary of ST Telemedia, a wholly-owned company under Temasek Holdings. Data centers have attracted significant attention from investors largely due to their important role in the booming artificial intelligence sector. Singtel's stock price surged 4.74% on Tuesday, closing at SGD 4.86. Keppel REIT announced its performance for the second half and full year of the fiscal year 2025 before the market opened. As of the end of December last year, the trust's distribution per unit (DPU) for the second half fell 10.4% year-on-year to 2.51 cents; distributable income decreased by 0.7% to SGD 106.9 million. For the full year, the trust's DPU fell 6.6% year-on-year to 5.23 cents, and distributable income decreased by 1% to SGD 212.4 million. Annual real estate revenue increased by 4.9% year-on-year to SGD 274.5 million, while net real estate income rose by 6.9% to SGD 215.9 million. The management company pointed out that the revenue growth was mainly due to contributions from the acquisition of 255 George Street in May 2024 and improved occupancy rates at 2 Blue Street. The trust will distribute dividends on March 25, and the trust's stock price closed flat at SGD 0.98 on Tuesday. ESR REIT reported a distribution per unit (DPU) of 10.675 cents for the second half of last year, an increase of 7.1% compared to 9.97 cents in the same period the previous year According to the financial report released by the management company before the market opened, the trust's distribution per unit for the fiscal year 2025 is 21.914 cents, an increase of 3.4% year-on-year. Extended Reading Keppel Real Estate Investment Trust's distribution fell by 10.4% to 2.51 cents in the second half of last year Gold and silver prices rebound, Asian stocks rise, Straits Times Index up 1.06% returning above 4900 points As of the end of December last year, the trust's distributable income for the second half increased by 10.4% year-on-year to SGD 85.9 million; revenue increased by 17.6% to SGD 223.1 million; net property income increased by 21.4% year-on-year to SGD 162.4 million. For the full year, the distributable income was SGD 176.1 million, a year-on-year increase of 7.3%; revenue rose by 20.4% to SGD 446.0 million; net property income increased by 25.6% to SGD 328.7 million. It will distribute dividends on March 24. ESR Real Estate Investment Trust closed at SGD 2.71 on Tuesday, up 0.37%. Frasers Logistics & Commercial Trust achieved a 10.7% rental uplift rate for the first quarter of the fiscal year 2026 as of the end of December. The overall rental increase momentum is mainly supported by logistics and industrial real estate, which saw a rental uplift rate of 13.4% (comparing new and old leases) and 36.4% (comparing average leases) in the first quarter The rental rate of the asset portfolio is 96.2%; the rental rate for logistics and industrial real estate reaches 99.7%, while the rental rate for commercial real estate is 89%. As of the end of last year, the trust owned 113 real estate properties, with a total asset portfolio value of 6.9 billion yuan. The overall asset portfolio's weighted average lease expiry is 4.9 years, with a total debt ratio of 34.8% and an interest coverage ratio of 4.1 times. The trust's stock price remained flat at 1.01 yuan on Tuesday. Acesian Partners issued a profit warning after the market closed on Tuesday, forecasting a significant decline in revenue and a pre-tax loss for the fiscal year 2025. The revenue decline is mainly due to a decrease in project orders, while the pre-tax loss is primarily attributed to reduced income, lower gross margins, and increased administrative and other operating expenses. The company is expected to release its financial statements on or before March 1. Acesian Partners' stock price closed at 0.033 yuan, up 3.13%