Stocks to watch: Lendlease Reit, StarHub, HPH Trust, F&N, UOI

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

Lendlease Global Commercial Real Estate Trust (Lendlease Reit): It posted a distribution per unit (DPU) of S$0.0245 for the first half FY2023 ended December 2022, up 2.1 per cent from S$0.024 in the corresponding period a year ago. The manager said on Tuesday that distributable income also rose while gross revenue more than doubled. Units of Lendlease Reit closed flat at S$0.735 on Tuesday.

StarHub : The mainboard-listed telecommunications company posted a 98.4 per cent decline in net profit to S$1.3 million for the second half of the year ended Dec 31, 2022, from S$81.4 million a year earlier. This came on lower profit from operations, including provisions for the company’s Dare+ transformation initiatives. StarHub’s shares closed flat on Tuesday at S$1.11.