Stocks to watch: DBS, Venture Corp, ESR-Reit, ARA Logos, Parkway Life Reit

THE following companies saw new developments that may affect trading of their securities on Friday (Nov 5):

DBS: D05 The bank reported a 31 per cent growth in Q3 FY2021 net profit to S$1.7 billion on the back of loan and fee income growth. An interim dividend of S$0.33 per share was declared for the quarter, bringing the dividend for the 9-month period of FY2021 to S$0.84 per share. DBS shares ended Wednesday (Nov 3) up S$0.11 or 0.3 per cent at S$32.21.

Venture Corporation: V03 The electronics manufacturing services firm's net profit was S$77 million for the third quarter ended Sep 30, up sequentially from S$75.1 million in the quarter before, it said in a business update. Venture shares closed unchanged at S$18.95 on Wednesday before the update.

ESR-Reit, ARA Logos Logistics Trust: J91U K2LU ESR Cayman's shareholders have approved its proposed acquisition of ARA Asset Management. The acquisition paves the way for a merger of ESR-Reit and ARA Logos, whose respective sponsors are ESR Cayman and ARA Asset Management. On Wednesday before the announcement, ESR-Reit units closed unchanged at S$0.48, while ARA Logos units closed S$0.02 or 2.2 per cent higher at S$0.91.

Parkway Life Reit: C2PU The real estate investment trust's (Reit) distribution per unit (DPU) rose 0.8 per cent to 3.56 Singapore cents for the third quarter ended Sep 30, its manager said on Wednesday night. Units of Parkway Life Reit closed S$0.02 or 0.4 per cent higher at S$4.65 on Wednesday, before the results.

Lendlease Global Commercial Reit JYEU: The Reit on Friday posted an occupancy rate of 99.8 per cent for the first quarter of FY2022 ended Sep 30. Weighted average lease expiry for the period stood at 8.5 years by net lettable area and 4.4 years by gross rental income. The counter closed 0.6 per cent or S$0.005 higher at S$0.885 on Wednesday.

Sembcorp Marine (Sembmarine): S51Temasek's mandatory general offer for Sembmarine closed with 8 per cent acceptances on Wednesday, bringing Temasek's total stake in the group to about 54.6 per cent, according to a bourse filing. Shares of mainboard-listed Sembmarine ended flat at S$0.079 on Wednesday.

SIA Engineering (SIAEC): S59 The mainboard-listed group has signed an inventory technical management programme with Thai low-cost carrier Thai VietJet to provide component support coverage to the airline's fleet of Airbus A320 aircraft over a term of 6 years. Shares of SIAEC closed at S$2.19 on Wednesday, down S$0.01 or 0.5 per cent.

ISOTeam: 5WF The construction group is divesting its entire 1.18 per cent equity interest in clean energy solutions provider Sunseap Group for about S$12.2 million to renewable energy producer EDP Renewables, it announced on Friday. This is expected to result in a S$7.2 million gain over ISOTeam's initial cost of investment in 2017. Shares of ISOTeam closed S$0.009 or 7 per cent higher at S$0.138 on Wednesday.