Stocks to watch: CICT, MPACT, Mapletree Industrial Trust, CDLHT, FEHT, FHT, Japfa

THE following companies saw new developments that may affect trading of their securities on Friday (Apr 28):

CapitaLand Integrated Commercial Trust (CICT): The trust on Friday reported an 11.3 per cent rise in net property income (NPI) to S$276.3 million for the first quarter ended Mar 31, from S$248.3 million in Q1 2022. The increase was boosted by contributions from acquisitions completed last year and higher income from existing properties, partially offset by higher operating costs and the divestment of JCube. Units of CICT ended 1 per cent or S$0.02 lower at S$2.02 on Thursday.

Mapletree Pan Asia Commercial Trust (MPACT): Its manager on Thursday reported a distribution per unit (DPU) of S$0.0225 for the fourth quarter ended Mar 31, down 17.3 per cent from S$0.0272 in the year-ago period. Gross revenue and NPI for the fiscal quarter increased, following the acquisition of properties and increased input from all Singapore properties. Units of MPACT closed 1.1 per cent or S$0.02 lower at S$1.77, before the news.