Stocks to watch: Mapletree Logistics Trust, SingPost, Stoneweg E-Reit, Sabana Industrial Reit

THE following companies saw new developments that may affect trading of their securities on Wednesday (Jan 22): 

Mapletree Logistics Trust (MLT) : Its distribution per unit (DPU) fell 11.1 per cent year on year to S$0.02003 for its third quarter ended Dec 31, 2024, bringing its DPU for the nine-month period down 10.2 per cent to S$0.06098. Revenue for the quarter slipped 0.9 per cent from the previous corresponding period to S$182.4 million on lower contributions from China, the absence of contributions from its divested properties, and depreciation of regional currencies against the Singapore dollar, the manager said on Tuesday. Units of MLT closed 0.8 per cent or S$0.01 lower at S$1.27 on Tuesday, before the news.

Singapore Post (SingPost) : The national postal service provider on Wednesday named the former chief financial officer (CFO) of its Australia business Isaac Mah as group CFO, effective Jan 22. This comes after the company in December last year announced its intention to appoint Mah to the position in accordance with SingPost’s succession plan. Shares of the group ended Tuesday 0.9 per cent or S$0.005 lower at S$0.555.