Stocks to watch: DBS, Sembcorp, Kore US Reit
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Sep 10):
On Thursday, September 10, three notable companies reported developments that may impact their stock prices: DBS, Sembcorp, and Kore US Real Estate Investment Trust (Reit). DBS, the local bank, categorically rejected a S$1.298 billion claim for damages filed by entities connected to the 1Malaysia Development Berhad scandal. The bank consulted legal advisers and determined no provisions were necessary at this time. DBS shares closed at S$77.50, down 0.8% or S$0.60 from their previous trading session.
Kore US Reit, the manager of a real estate investment trust, secured a new S$120 million loan facility. Upon drawing down the loan, it is anticipated to cover approximately 65% of the trust's loans due in 2027. Kore US Reit's units ended at US$0.174, up 0.6% or US$0.001 from the previous trading day.
Sembcorp, an energy company, announced the termination of a S$105 million deal to acquire full ownership of Philippine solar farm developer Puente Al Sol. The company cited prevailing market conditions and evolving strategic priorities as the reasons for the decision, which it made in January 2025 when it purchased Puente Al Sol from CleanCurrent Renewable Energy. Sembcorp shares closed at S$6.19, down 0.3% or S$0.02 from the previous trading session.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
