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Stocks to watch: Far East Hospitality Trust, AA Reit, Mapletree Commercial Trust, Great Eastern, QAF
THE following stocks had announcements or developments that could affect trading activity on Wednesday.
Far East Hospitality Trust: The hotel and serviced residence owner reported a distribution per stapled security of 1.08 Singapore cents for its first quarter ended March 31, 2016, up from 1.07 cents a year ago. Gross revenue remained unchanged at S$27.37 million, while net property income edged up 0.8 per cent to S$24.68 million.
AIMS AMP Capital Industrial Reit: AA Reit's distribution per unit (DPU) for the fourth quarter ended March 31, 2016, rose one per cent to 2.95 Singapore cents, up from 2.92 cents in the corresponding quarter a year ago.
Gross revenue edged up 0.7 per cent to S$30.29 million, and net property income was 0.3 per cent higher at S$20.37 million.
Mapletree Commercial Trust: MCT reported a one per cent rise in distribution per unit (DPU) to 2.02 Singapore cents for the fourth quarter ended March 31. For the full fiscal year, its DPU rose 1.6 per cent to 8.13 cents. Net property income rose 3.5 per cent to S$55 million during the quarter and grew 4.3 per cent to S$220.7 million over the full fiscal year.
Great Eastern Holdings: Its chief financial officer, Tony Cheong, has resigned to join a multinational corporation. Mr Cheong, 51, has been on the job for seven years - he was appointed as Great Eastern's CFO on May 1, 2009, and will leave on May 13 this year.
QAF: Gardenia bread maker QAF posted a 25 per cent rise in net profit to S$16.4 million for the first quarter, despite revenue sliding 2 per cent to S$250.9 million. Earnings per share came in at 2.9 Singapore cents, up from 2.4 Singapore cents.