---
title: "Stocks to watch: First Resources, Keppel Reit"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/302340781.md"
description: "First Resources expressed confidence in an upcoming review regarding land clearing practices, maintaining a zero-burning policy. Its shares rose 3.4% to S$3.93. Meanwhile, Keppel REIT announced the acquisition of a 51% stake in Keppel South Central for S$610.9 million to expand its Singapore office footprint. The deal offers a 2.01% accretion in distribution per unit and a 4.3% initial yield. Keppel REIT units closed flat at S$0.825."
datetime: "2026-10-20T00:29:45.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/302340781.md)
  - [en](https://longbridge.com/en/news/302340781.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/302340781.md)
generator: "portal-rs"
---

# Stocks to watch: First Resources, Keppel Reit

\[SINGAPORE\] The following companies saw new developments that may affect trading of their securities on Tuesday (Oct 20):

First Resources : The palm oil company is “confident” that an objective review will establish that it does not engage in land clearing by fire, and has welcomed a thorough, evidence-based examination of the facts surrounding the haze situation. On Tuesday, the group said that it maintains a zero-burning policy, which is strictly enforced across its operations. Shares of First Resources closed 3.4 per cent or S$0.13 higher at S$3.93 on Monday.

Keppel Real Estate Investment Trust (Reit) : The manager announced on Tuesday that is buying a 51 per cent stake in Keppel South Central from its sponsor Keppel for a purchase consideration of S$610.9 million, strengthening its footprint in Singapore’s prime office market. The acquisition offers a pro forma distribution per unit accretion of 2.01 per cent and an “attractive” initial property yield of 4.3 per cent. Units of Keppel Reit closed flat at S$0.825 on Monday.

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## Related News & Research

- [First Resources confident of clearing name in haze allegations](https://longbridge.com/en/news/302340769.md)
- [Keppel Reit to buy 51% stake in Keppel South Central for S$610.9 million](https://longbridge.com/en/news/302339973.md)
- [First Resources Expects No Material Impact From Indonesia Fire Disruptions](https://longbridge.com/en/news/302127650.md)
- [Keppel agrees to sell 51% stake in Keppel South Central to Keppel REIT](https://longbridge.com/en/news/302336086.md)
- [First Resources blames El Niño as fires reach Indonesian plantations](https://longbridge.com/en/news/302049025.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**