Stocks to watch: MLT, FCT, Mandarin Oriental, OUE Reit, Digital Core Reit, Oxley, UOI

THE following companies saw new developments that may affect trading of their securities on Thursday (Jul 25):

Mapletree Logistics Trust (MLT): The trust’s distribution per unit (DPU) fell 8.9 per cent to S$0.02068 for its first quarter ended Jun 30. MLT’s manager reported a fall in revenue to S$181.7 million in Q1 FY2025, from S$182.2 million the year before. This was mainly due to a weaker performance in China, the absence of revenue from divested properties, and currency depreciation of the yen and renminbi. Units of MLT closed flat at S$1.35 on Wednesday.

Frasers Centrepoint Trust (FCT): The manager of the trust said that the committed occupancy for its retail portfolio grew one percentage point year on year to 99.7 in the third quarter ended Jun 30. All its retail malls now have more than 99 per cent committed occupancy. The asset enhancement initiative at its Tampines 1 mall is on track to be done by September. Units of Frasers Centrepoint Trust ended Wednesday down 0.5 per cent or S$0.01 at S$2.19.