4 Singapore Stocks To Watch On Wednesday, February 20

The following companies are expected to be in focus when the Singapore market opens on Wednesday, February 20.

BreadTalk

Iconic Singapore bun maker BreadTalk Group BTKGF CTN reported on Tuesday its 2018 net profit dropped 29.9 percent on-year to S$15.2 million on a year-earlier one-off gain and a decline in the Bakery division, partially offset by growth from the Food Atrium and Restaurant divisions.

Keppel Infrastructure Trust

Keppel Infrastructure Trust KPLIF (SGX: A7RU) said on Tuesday that it completed the acquisition of all of Ixom HoldCo, an industrial infrastructure business in Australia and New Zealand which supplies water-treatment chemicals.

"The addition of Ixom to KIT's portfolio is complementary and enhances the stability of the distributions for our unitholders over the long term. Ixom enjoys a leading position in its markets, and its growth is supported by strong industry fundamentals," Matthew Pollard, CEO of Keppel Infrastructure Fund Management, the trust's manager, said in the statement.

The acquisition increased KIT's portfolio to S$5.2 billion in late January from S$3.8 billion at end-December, the filing to SGX after the market close on Tuesday said.

Courts Asia

Nojima Asia Pacific, a subsidiary of Nojima Corp. 7419, will not be increasing the offer price for its takeover bid for Courts Asia RE from S$0.205 a share in cash, it said in a filing to SGX after the market close on Tuesday.

The offer, which is no longer allowed to be amended, will close on 15 March, and Nojima Asia Pacific "has no intention of extending the offer" beyond that date, the filing said.

Kingsmen Creatives

Kingsmen Creatives KMNCF 5MZ reported on Tuesday its 2018 net profit dropped 16.3 percent on-year to S$8.15 million, despite higher revenue, as expenses rose.

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