Stocks to watch: CICT, KIT, KORE, Hwa Hong, Samudera Shipping, UOI, Lian Beng
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Vivienne Tay
THE following companies saw new developments that may affect trading of their securities on Thursday (Jul 28):
CapitaLand Integrated Commercial Trust (CICT) : The trust on Thursday posted a 0.8 per cent increase in distribution per unit (DPU) to S$0.0522 for H1 ended June. This was amid an income boost from Singapore’s reopening and portfolio reconstitution efforts. CICT closed flat at S$2.14 on Wednesday.
Keppel Infrastructure Trust (KIT) : The trustee-manager on Wednesday reported a 2.7 per cent year-on-year increase in its DPU for the half year ended Jun 30, despite a lower distributable income for the same period. DPU in H1 was S$0.0191, up from S$0.0186 in the year-ago period, KIT’s unaudited results indicated. KIT closed flat at S$0.58 on Wednesday, before the announcement.
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