You are here

Stocks to watch: Capitaland Commercial Trust, First Reit, Pacific Century

37576116 - 26_02_2016 - gcbridge27.jpg

THE following companies made announcements before the market opened on Wednesday that could affect the trading of their shares:

Capitaland Commercial Trust (CCT) on Wednesday posted a distribution per unit (DPU) of 2.39 Singapore cents for the financial quarter ended Dec 31 (Q4 2016). This translates to a 10.1 per cent increase from 2.17 cents a year ago.

Distributable income went up by 10.4 per cent to S$70.8 million, up from S$64.1 million a year ago.

Contribution from the Kupang Property, comprising Siloam Hospitals Kupang and Lippo Plaza Kupang acquired in December 2015, lifted First Reit's fourth-quarter distribution per unit (DPU) to 2.13 Singapore cents, up from 2.09 cents a year ago.

For the three months ended Dec 31, 2016, the healthcare real estate investment trust's distributable income rose 5.1 per cent year on year to S$16.5 million.

Investment holding company Pacific Century Regional Developments, owned by Hong Kong tycoon Li Ka Shing's son Richard Li, posted a 4.4 per cent slide in full-year earnings to S$86.98 million.

That was despite turnover for the 12 months ended Dec 31 climbing 13.1 per cent to S$12.95 million. The bottom line sank due to a drop in the share of profit from associates, which made up the bulk of net profit for the group.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to