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Stocks to watch: DFI Retail, Bumitama Agri, Keppel Infrastructure Trust, Hong Leong Asia, OUE Reit

Businesstimes News
Apr 22, 2026 at 12:27 AM
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On April 22, several companies in Singapore reported significant developments affecting their stock trading. DFI Retail Group's Q1 2026 profit rose 49% year-on-year, while Bumitama Agri noted that rising energy prices may benefit its business. Keppel Infrastructure Trust proposed S$200 million in notes at 2.8% per annum. Hong Leong Asia acquired Yong Tai Loong for S$90.7 million to enhance its urban solutions. OUE Reit reported an 8.4% increase in net property income. Suntec Reit experienced slowed convention bookings, and Nam Cheong announced the sale of two vessels for US$36.7 million.

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Apr 22):

DFI Retail Group : The group’s underlying profit from continuing operations, which excludes the impacts of several divestments and closures, rose 49 per cent year on year in Q1 2026, supported by lower financing costs. Operating profit from continuing businesses grew 12 per cent on year due to disciplined cost control. The counter ended pn Tuesday 1.5 per cent or US$0.06 higher at US$4.16, before the news.

Bumitama Agri : The palm oil producer said in a response to shareholder questions on Wednesday that rising energy prices as a result of the Iran war are unlikely to result in a negative impact, and could even provide an overall boost to its business, even as it noted the presence of cost pressures. Shares of Bumitama Agri ended at S$1.93, S$0.04 or 2.1 per cent higher on Tuesday.

Keppel Infrastructure Trust (KIT) : The trustee manager of KIT is proposing to price S$200 million in notes due Apr 28, 2033, at 2.8 per cent per annum, as part of the trust’s S$3 billion multicurrency debt issuance programme. Shares of KIT ended Tuesday flat at S$0.535, before the announcement.

Hong Leong Asia (HLA) : It has acquired architectural building products supplier Yong Tai Loong for around S$90.7 million in cash. HLA said that the acquisition, which was funded with external borrowings and internal funds, is aligned with its strategy to enhance its urban solutions capabilities in the built industry, as well as grow its building materials segment in Singapore. HLA shares closed Tuesday 1.3 per cent or S$0.04 higher at S$3.17, before the news. OUE Real Estate Investment Trust (Reit) : Its net property income rose 8.4 per cent year on year to S$57.6 million for its first quarter ended Mar 31, as revenue climbed 6.7 per cent to S$70.5 million. The improvements were mainly driven by strong year-on-year growth in the hospitality segment and resilient operating performance from the commercial portfolio, the manager said on Tuesday. Units of OUE Reit ended Tuesday 1.4 per cent or S$0.005 higher at S$0.37, before the announcement. Suntec Reit : Bookings for its convention business have slowed amid the Iran war although there have been no immediate cancellations or postponements. This comes as organisers adopt a more “wait-and-see” approach when confirming events and a conservative stance on spending, the manager said. Units of Suntec Reit closed Tuesday flat at S$1.51, before the news.

Nam Cheong : The shipbuilder on Tuesday announced that it is selling two offshore support vessels for US$36.7 million. The buyers are a vessel operator in Indonesia and a government-linked vessel operator in Egypt. Shares of Nam Cheong ended Tuesday flat at S$1.54, before the announcement.

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