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Stocks to watch: Accordia Golf Trust, Sing Investments & Finance, Boustead Projects
The following stocks made announcements on Wednesday that may affect their trading on Thursday.
Accordia Golf Trust: The trust posted a 12 per cent increase in income available for distribution to 2.02 billion yen (S$24.8 million) for its third quarter ended Dec 31, 2015.
Distribution per unit rose 19.3 per cent to 2.16 Singapore cents, up from 1.81 Singapore cents a year ago. This came on the back of a 4.1 per cent increase in revenue to 14.9 billion yen, while net profit attributable to unitholders rose 12.9 per cent to 3.3 billion yen.
Sing Investments & Finance: The company's net profit for the full year inched up 1.2 per cent as higher net interest income was mostly offset by a surge in allowances for impairment losses on loans and advances.
Net profit for the 12 months ended Dec 31, 2015, stood at S$12.8 million, compared to S$12.7 million a year ago.
Net interest income and hiring charges rose 8 per cent to S$35.2 million, boosted by higher net loan assets. But allowances jumped to S$3.98 million, more than tripling from S$1.25 million set aside a year ago.
Boustead Projects: The industrial real estate engineering and construction group's net profit for its fiscal third quarter more than doubled to S$7.2 million on wider gross margins. Net profit for the three months ended Dec 31, 2015, rose 165 per cent, from S$2.7 million in the year-ago period. On a per-share basis, quarterly profit was 2.2 Singapore cents.