Stocks to watch: MIT, FEHT, Keppel Corp, Keppel DC Reit, Kore, iFast, Digital Core Reit

THE following companies saw new developments that may affect trading of its securities on Thursday (Oct 27):

Mapletree Industrial Trust (MIT): Its manager on Wednesday posted a 3.2 per cent fall in distribution per unit (DPU) to 3.36 Singapore cents for the second quarter Sep 30. The decline in performance was largely attributed to headwinds from higher property operating expenses and borrowing costs. MIT units finished Wednesday up 4.6 per cent or S$0.10 at S$2.26, before the news.

Far East Hospitality Trust (FEHT): The trust’s income available for distribution grew 12 per cent in Q3 2022 to S$15.1 million, from S$13.5 million in Q3 2021. In a business update on Thursday, its manager said this was mainly driven by a 7.8 per cent growth in net property income. Stapled securities of FEHT closed Wednesday 6.6 per cent or S$0.035 higher at S$0.565.