Keppel DC Reit to replace Jardine C&C on STI
The STI reserve list is made up of the five highest ranking non-constituents of the index by market capitalisation. ST PHOTO: BRIAN TEO
SINGAPORE - Keppel DC Real Estate Investment Trust (Reit) will replace Hong Kong-based conglomerate Jardine Cycle & Carriage (C&C) on the benchmark Straits Times Index (STI), following a quarterly review.
Internet service provider NetLink NBN Trust will replace Keppel DC Reit on the STI's reserve list, said the index's administrator, FTSE Russell, in a bourse filing on June 5.
The STI, Singapore's main stock market benchmark, is jointly calculated by FTSE Russell, SPH Media and the Singapore Exchange (SGX).
The STI reserve list is made up of the five highest ranking non-constituents of the index by market capitalisation.
Stocks on the reserve list will replace any STI constituents that become ineligible as a result of corporate action before the next review, which will take place in September.
The other four companies on the reserve list are CapitaLand Ascott Trust, ComfortDelGro, Keppel Reit and Suntec Reit.
The changes take effect at the start of business on Jun 23.
Units of Keppel DC Reit closed $0.02 or 0.9 per cent higher at $2.19, while shares of Jardine C&C closed $0.08 or 0.3 per cent lower on Jun 5 at $23.85 before the announcement.
Shares of NetLink NBN Trust ended $0.005 or 0.6 per cent lower at $0.865. THE BUSINESS TIMES
Join ST's Telegram channel and get the latest breaking news delivered to you.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Straits Times
3 hours ago
- Straits Times
US issues new round of Iran-related sanctions
WASHINGTON - The U.S. has issued a new round of Iran-related sanctions targeting 10 individuals and 27 entities, including at least two companies it said were linked to Iran's national tanker company, the U.S. Treasury Department said on Friday. The sanctions, which target Iranian nationals and some entities in the United Arab Emirates and Hong Kong, were announced as U.S. President Donald Trump's administration is working to get a new nuclear deal with Tehran. Treasury's Office of Foreign Assets Control added Ace Petrochem FZE, and Moderate General Trading LLC, both registered in the UAE, to its Specially Designated Nationals List, freezing any of their U.S. assets. OFAC said they are both linked to the state-owned National Iranian Tanker Company which is under U.S. sanctions for exporting oil. Talks between Iran and the U.S. that aim to resolve a decades-long dispute over Tehran's nuclear ambitions have been stuck over disagreements about uranium enrichment. Iran's mission to the United Nations in New York did not immediately respond to a request for comment. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
Straits Times
3 hours ago
- Straits Times
South Korea's Lee, Trump agree to work towards swift trade deal, Lee's office says
FILE PHOTO: U.S. President Donald Trump speaks during a swearing-in ceremony for the new U.S. ambassador to China, former U.S. Senator David Perdue, at the White House in Washington, D.C., U.S., May 7, 2025. REUTERS/Leah Millis/File Photo FILE PHOTO: South Korean President Lee Jae-myung speaks during a ceremony to mark the 70th Memorial Day at the Seoul National Cemetery in Seoul, South Korea, 06 June 2025. JEON HEON-KYUN/Pool via REUTERS/File Photo SEOUL - U.S. President Donald Trump and South Korea's new president Lee Jae-myung agreed to work toward a swift trade deal in their first phone call since Lee was elected, Lee's office said on Friday. "The two presidents resolved to make an effort to reach a satisfactory agreement on tariff consultations as soon as possible, that both countries can be satisfied with. To this end, they decided to encourage working-level negotiations to yield tangible results," Lee's office said in a statement. Trump spoke with Lee, invited Lee to a summit in the U.S., and they plan to meet soon, according to a White House official. The two leaders also swapped stories from the campaign trail, including sharing stories of assassination attempts and political difficulties, and agreed that strong leadership will emerge as they overcome difficulties, Lee's office said. Lee survived a knife attack and underwent surgery when he was stabbed in the neck by a man during an event last year. Trump and Lee also talked of their golf skills and agreed to play golf when possible, Lee's office said, while Lee mentioned that he was gifted a hat with Trump's signature on it. Lee was elected on June 3 after the U.S. ally's former leader, Yoon Suk Yeol, was impeached and ousted. Lee's term began on Wednesday. The future of South Korea's export-oriented economy will hinge on what kind of deal he can strike, with all of his country's key sectors from chips to autos and shipbuilding heavily exposed to global trade. He said on the eve of the elections that "the most pressing matter is trade negotiations with the United States." REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
Straits Times
3 hours ago
- Straits Times
Poland postpones acquisition of 32 Black Hawk helicopters
WARSAW - Poland has postponed the purchase of 32 more U.S. Lockheed Martin S-70i Black Hawk helicopters for its army, the Polish Ministry of Defence said on Friday, referring to a shift in priorities. Poland launched negotiations for the acquisition of the helicopters produced by Lockheed Martin's Polish arm PZL Mielec, in 2023 under the previous Law and Justice (PiS) government. "We have decided to change the priorities of the helicopter programs... to better adapt to the challenges of future warfare," armed forces chief of staff General Wieslaw Kukula told a press conference. The Polish military aims to prioritise the acquisition of training and combat helicopters, a versatile naval carrier helicopter, and a heavy transport helicopter, Kukula said. Earlier Polish media reported the acquisition process for the Black Hawks was cancelled. Lockheed Martin said in an email on Friday, that it looks forward to continuing its long-standing partnership with Poland where 1,700 PZL Mielec employees are involved in the manufacture of F-16 fighters and Black Hawks. Grzegorz Polak, a spokesman for Poland's Armament Agency which buys equipment for the army, told Reuters on Friday that "some correction" was needed regarding priorities in light of the geopolitical situation and state security interests. "Maybe it is necessary to acquire other equipment in its (helicopters') place such as drones, or tanks, or some kind of communication," he said, adding it was not the agency that set procurement priorities. PiS lawmaker Mariusz Blaszczak, who was defence minister in the previous government, labelled the decision to suspend the purchase of the Black Hawks a "disgrace" in a post on X, saying it would slow down the replacement of the helicopter fleet. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
