Stocks to watch: Genting Singapore, NTT DC Reit, Valuetronics, United Hampshire US Reit, Prime US Reit

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (May 13):

Genting Singapore : The group’s revenue fell 3 per cent on the year to S$607.6 million from S$626.2 million for its first quarter ended Mar 31. Its net profit after taxation dived 55 per cent to S$65.2 million from S$145 million, it said on Tuesday. Revenue slipped 3 per cent to S$607.6 million. The counter ended Tuesday 1.5 per cent or S$0.01 higher at S$0.69, before the news.

NTT Data Centre (DC) Reit : The manager of NTT DC Reit on Tuesday reported a distribution per unit (DPU) of US$0.0387 for its second half ended Mar 31. This beat DPU of US$0.0378 forecast in the real estate investment trust’s (Reit) initial public offering by 2.4 per cent. Revenue came in at US$115.3 million for the half year, exceeding its IPO forecast of US$112.1 million by 2.8 per cent. Units of NTT DC Reit closed flat at US$1.01 on Tuesday, before the results were released.

Valuetronics : The company on Tuesday said it expects to report a “significant decrease” in net profit for FY2026. Its results will be released on May 28. The expected decline is due primarily to non-cash impairment provisions in relation to its investment in and hardware leased to Trio AI, a company in which Valuetronics holds a 26.6 per cent stake. Shares of Valuetronics rose 6.3 per cent or S$0.07 to close at S$1.18, before the guidance was released.

United Hampshire US Reit : The manager of the Reit on Wednesday reported a 10 per cent year-on-year rise in distributable income for the first quarter to US$6.9 million. Net property income (NPI) rose 12.7 per cent to US$13.2 million, while revenue rose 8.7 per cent to US$19.7 million. These were driven by the commencement of new leases, built-in rental escalations from existing leases, and contributions from the Dover Marketplace and Wallingford Fair Shopping Center acquisitions. Units of the Reit rose 1 per cent or US$0.005 to close at US$0.515 on Tuedsay.

Prime US Reit : The manager on Tuesday announced that NPI for the first quarter of 2026 stood at US$17.2 million, down from US$17.7 million in Q1 2025. Distributable income for the quarter was US$6.5 million, lower than the US$8.4 million in the year-ago period. Units of the Reit closed Tuesday 1.1 per cent or US$0.002 lower at US$0.173, before the news.