Stocks to watch: Keppel, Mapletree Logistics Trust, Capitaland China Trust, Digital Core Reit, Sinarmas Land

[SINGAPORE] The following companies saw new developments that may affect trading of its securities on Thursday (Apr 24):

Keppel : The company released an update for Q1 2025 on Thursday, reporting an increase in net profit of over 25 per cent year on year, driven by strong performance in its infrastructure, real estate and asset management segments. The company also reported that it had monetised S$347 million in assets the year to date, with another S$550 million of potential real estate divestments in advanced stages of negotiations. The group also announced on Wednesday that it entered a joint venture with Tianjin Shunhua Real Estate Construction Management to develop 19 plots of land in the Tianjin Eco-City northern district in China. The counter closed S$0.15 or 2.4 per cent higher at S$6.40 on Wednesday, before the announcement.

Mapletree Logistics Trust (MLT) : MLT’s distribution per unit fell 11.6 per cent to S$0.01955 for Q4 on the back of lower revenue contribution from China and weak regional currencies. Gross revenue for the three months ended Mar 31 dipped 0.8 per cent to S$179.6 million from a year earlier, while net property income (NPI) also fell, by 1.6 per cent to S$152.8 million, its manager said on Wednesday. Units of MLT closed S$0.04 or 3.4 per cent higher at S$1.21, before the news.