Stocks to watch: HPH Trust, Thomson Medical, Digital Core Reit, Geo Energy

THE following companies saw new developments that may affect trading of their securities on Thursday (Feb 8):

Hutchison Port Holdings Trust (HPH Trust): The container ports business trust on Wednesday posted a distribution per unit (DPU) of HK$0.077 for the second half ended Dec 31, 2023 – a 3.8 per cent decline from HK$0.08 the previous year. Along with a DPU of HK$0.055 for the first half of its financial year, this brings its full-year DPU to HK$0.132, said the trust on Wednesday. Units of HPH Trust closed flat at US$0.146, before the announcement.

Thomson Medical Group : The healthcare service provider on Wednesday posted a 91.1 per cent year-on-year drop in net profit to S$2 million from S$22.8 million for the half year ended Dec 31. This came as revenue fell 8.6 per cent to S$168.1 million owing to lower income received from project-related services. Thomson Medical’s shares closed unchanged at S$0.051, before the results announcement. 

Digital Core Real Estate Investment Trust (Reit): The Reit issued 192 million new units at an issue price of US$0.625 per unit to raise gross proceeds of US$120 million on Thursday, following the private placement proposal the day before. As at the date of the announcement, the Reit has a total of 1.3 billion units. The new units are expected to be listed on or around Feb 20. The counter last traded flat on Tuesday at US$0.665, before its trading halt on Wednesday. It requested to lift its trading halt on Thursday.

Geo Energy Resources : The Indonesian coal producer on Wednesday said it will receive an investment of US$35 million from ResInvest for at least 5.5 per cent of its equity. Out of the US$35 million, US$25 million will be for the purchase of ordinary shares, while another US$5 million will be invested over a longer timeframe, with the investment expected to be completed by Mar 31, 2026. Shares of Geo Energy closed flat at S$0.395 before the announcement.

Pan-United : The ready-mix concrete producer posted a net profit of S$20.4 million for the second half ended Dec 31, up 107 per cent from S$9.9 million the previous year. On Wednesday, the company said revenue for the period increased 13 per cent to S$414 million from S$365.9 million the prior year. Its counter closed flat at S$0.385, before the results were announced.

Jumbo Group : The food and beverage player announced on Wednesday that it opened its first outlet in Nanjing, China on Feb 3. Located at the Nanjing International Finance Centre in the city’s central business district, the Jumbo Seafood outlet spans 668 square metres. Shares of Jumbo group slipped S$0.005 or 1.9 per cent to close at S$0.26, before the announcement.

Yoma Strategic : The mainboard-listed group on Thursday said its revenue for the three months ended Dec 31, 2023, rose 36.4 per cent to US$49.8 million from US$36.5 million, with growth recorded in most segments. Its real estate segment continued to be the highest revenue contributor, rising 9.4 per cent to US$20.9 million during the period. The counter closed 1.9 per cent or S$0.001 lower at S$0.053 on Wednesday. 

Manulife US Reit : No distribution was declared for the second half ended December 2023 as the Reit manager will be halting distributions until end-2025. Financial results released on Thursday, however, showed that the Reit’s net loss for H2 FY2023 narrowed to US$132.3 million, from US$192.5 million the prior year. Its units ended Wednesday US$0.003 or 5.4 per cent up at US$0.059.