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Stocks to watch: China Everbright Water, M1, MLT, K-Reit, KIT

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M1 reported a 9.9 per cent increase in fourth-quarter profit to S$44.5 million, capping a year of record net profit for the year ended Dec 31, 2014.

THE following stocks gave material announcements after markets closed on Monday which could affect trading activity on Tuesday.


China Everbright Water is placing out 120.7 million new shares at S$0.94 each.


M1 reported a 9.9 per cent increase in fourth-quarter profit to S$44.5 million, capping a year of record net profit for the year ended Dec 31, 2014.


Mapletree Logistics Trust (MLT) reported a distribution per unit (DPU) of 1.87 Singapore cents for its third quarter ended Dec 31, 2014, slightly higher than the 1.84 cents a year ago.

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Keppel Reit's (K-Reit) divestment of its stake in Prudential Tower led its fourth-quarter DPU to fall to 1.51 Singapore cents for the period ended December 2014, down from 1.97 cents a year ago.


Lower production of Newater and a decline in power tariffs due to plunging oil prices caused Keppel Infrastructure Trust (KIT) to report a net profit of S$12.7 million for the year ended Dec 31, 2014, down ten per cent compared to a year ago. Revenue declined 2.5 per cent to S$65.5 million.

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