Stocks to watch: Mapletree Logistics Trust, Samudera Shipping, Incredible Holdings

THE following companies saw new developments that may affect trading of their securities on Friday (Jul 22):

Mapletree Logistics Trust (MLT): It has posted a distribution per unit (DPU) of S$0.02268 for the first quarter ended Jun 30, up 5 per cent from DPU of S$0.02161 in the year-ago period, mainly from higher revenue from existing properties and contributions from recent acquisitions. Units of MLT closed Thursday at S$1.71 before it unveiled its results, down S$0.01 or 0.6 per cent.

Samudera Shipping : The company was queried by the Singapore Exchange Regulation on Thursday about “unusual price movements” in its shares. Samudera responded to say it was not aware of any information not previously announced, nor of any other explanation for the trading. The counter ended Thursday at S$1.08, up 9.1 per cent or S$0.09.

Incredible Holdings : The Catalist-listed retailer on Thursday responded to criticism from the Securities Investors Association (Singapore) (Sias) to refute certain “insinuations” made against the company in a commentary written by Sias chief executive David Gerald. Shares of the group closed Thursday flat at S$0.002, before the response was filed.