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Stocks to watch: CCT, First Reit, Keppel T&T, SingPost
STOCKS to watch on Wednesday include:
CCT: CapitaLand Commercial Trust posted a 0.9 per cent year-on-year rise in estimated distribution per unit (DPU) to 2.17 cents for the fourth quarter ended Dec 31, 2015. Distributable income rose 0.8 per cent to S$64.13 million on the back of higher net property income for CCT portfolio and high distributable income from the RCS Trust (CCT holds 60 per cent) that owns Raffles City Singapore.
First Reit: First Real Estate Investment Trust has posted a 2.5 per cent increase to 2.09 Singapore cents in distribution per unit (DPU) for the fourth quarter of 2015, lifted by revenue from recent acquisitions. Annualised DPU rose 3.1 per cent year on year to 8.3 Singapore cents. This represents an annualised distribution yield of 6.9 per cent, based on the closing price of S$1.20 on Dec 31, 2015.
Keppel T&T: Data centre and logistics provider Keppel Telecommunications & Transportation (Keppel T&T) on Tuesday reported a 77.6 per cent drop in profit attributable to shareholders to S$44.51 million for the fourth quarter ended Dec 31, 2015, from S$198.39 million in Q4 2014. This came on the back of a 25.8 per cent drop in revenue, from S$70.92 million in the year-ago quarter to S$52.59 million in Q4 2015.
SingPost: Some concerns may bog down shares of Singapore Post, after the postal and e-commerce group disclosed on Tuesday that it has roped in PricewaterhouseCoopers (PwC) as special auditor for a probe into its corporate governance. It noted that the corporate governance issues that PwC will investigate surround the interest of a SingPost director, Keith Tay Ah Kee, in the group's acquisition of stakes in three companies - Famous Holdings, FS Mackenzie and Famous Pacific Shipping (NZ).