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Stocks to watch: CapitaLand, Far East Orchard, BreadTalk, OUE C-Reit
THE following companies saw new developments that may affect trading of their shares on Thursday:
CapitaLand Limited: The group posted a net profit of S$579.3 million for the second quarter of 2017, a 97 per cent jump from a year ago. No dividend was declared for the quarter.
Far East Orchard Limited: The hospitality player marked a 97.3 per cent plunge in net profit to S$1 million for the second quarter ended June 30 mainly due to a slump in share of profit of joint ventures.
BreadTalk Group: BreadTalk posted a 61.9 per cent jump in net profit for the second quarter ended June 30 to S$2.11 million. The group said that higher earnings were achieved by streamlining existing portfolios while maximising growth opportunities in more profitable business segments.
OUE Commercial Reit (OUE C-Reit): The office space landlord reported a fall of 15.4 per cent for its second-quarter distribution per unit (DPU) to 1.15 Singapore cents from 1.36 Singapore cents last year, the group said in a Singapore Exchange filing on Wednesday. Net property income was S$34.77 million, down 1.3 per cent from S$35.23 million the preceding year.