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Stocks to watch: Yoma, Suntec Reit, Sabana Reit, CNMC, First Sponsor
THE following companies saw new developments that may affect trading of their shares on Wednesday:
Yoma Strategic Holdings: The Myanmar-based conglomerate's first-quarter net profit rose 54 per cent to S$2.8 million, or 0.16 Singapore cents per share, on the back of higher property and tractor sales. The company is declaring an interim dividend of 0.25 Singapore cent per share for the three months ended June 30.
Suntec Real Estate Investment Trust: Suntec Reits' second-quarter distribution per unit slipped 0.3 per cent to 2.493 Singapore cents as net property income increased by 12.8 per cent to S$59.4 million. For the six months ended June 30, net property income was up 13.7 per cent at S$121.3 million.
Sabana Real Estate Investment Trust: Sabana Reit's gross revenue fell 2.9 per cent to S$22 million for the second quarter, while net property income slipped 7.4 per cent to S$12.9 million. Distribution per unit shrank to 0.81 Singapore cent from 1.07 Singapore cents in the same period last year. Sabana Reit closed unchanged at S$0.46 on Tuesday.
CNMC Goldmine Holdings: The group expects to post a "significantly lower profit" for the second quarter of the year due to lower ore grades dragging down revenue, the gold miner announced on Wednesday before the market opened. The company expects to announce its results for the three months ended June 30 on or before Aug 14, 2017.
First Sponsor Group: The company on Wednesday reported a net profit of S$9.37 million for the second quarter ended June 30, up 8.8 per cent from S$8.61 million a year ago. An interim one-tier tax-exempt cash dividend of one Singapore cent per ordinary share was declared for the financial year ending Dec 31, 2017, and will be paid on Sept 20, 2017.