Stocks to watch: Mapletree Pan Asia Commercial Trust, FCT, Wee Hur, Digital Core Reit, Sabana Reit
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Oct 23):
Mapletree Pan Asia Commercial Trust (MPACT) : It posted a rise in distribution per unit (DPU) S$0.0201 for the second quarter ended Sep 30, from S$0.0198 for the same period a year earlier. This was mainly driven by higher contributions from Singapore properties, its manager said. This, it noted, was despite the absence of income from Mapletree Anson following its divestment in July 2024. Revenue slipped 3.2 per cent to S$218.5 million from S$225.6 million, largely due to weaker overseas contributions. Units of MPACT closed unchanged at S$1.46 on Wednesday.
Frasers Centrepoint Trust (FCT) : FCT’s DPU for its second half ended September 2025 came in at S$0.06059, up 0.6 per cent from S$0.0602 a year earlier. Revenue was up 14.3 per cent at S$205.2 million from S$179.5 million in H2 FY2024. The manager attributed the higher contributions to its acquisition of Northpoint City South Wing in May 2025, as well as contributions from Tampines 1, which completed asset enhancement initiatives in August 2024. Units of the FCT closed on Wednesday S$0.01 or 0.4 per cent down at S$2.44.
Wee Hur : It said on Wednesday that its unit, Wee Hur Property, on Oct 6 entered a joint venture (JV) to develop an international school in Singapore, the Wycombe Abbey School (Singapore). This is in line with its strategy of investing in demand-driven property segments. Separately, the group said that its other unit, Wee hur Capital, on Oct 21 entered into a trust deed with Perpetual (Asia) to establish the Wee Hur purpose-built student accommodation (PBSA) Fund III A. The fund will acquire a freehold property in Adelaide, Grenfell Property, that will be Wee Hur’s ninth PBSA asset. Shares of Wee Hur ended on Wednesday 0.7 per cent or S$0.005 higher at S$0.705, before the news.
Digital Core Reit : It reported distributable income of US$35.2 million for the nine months ended Sep 30, up 1.9 per cent from a year earlier. Revenue for the period climbed 83.9 per cent to US$132.4 million, from US$72 million previously, the manager said. Net property income rose 49.6 per cent to US$67.7 million, from US$45.3 million in the same period a year ago. Units of Digital Core Reit closed 1 per cent or US$0.005 higher at US$0.485 on Wednesday, before the announcement.
Sabana Reit : It posted a 38.4 per cent rise in income available for DPU to S$0.0101 for its third quarter ended Sep 30. This is compared to a DPU of S$0.0073 in the year-ago period. The manager on Wednesday said that revenue climbed 5.3 per cent to S$29.9 million, from S$28.4 million in Q3 2024. Meanwhile, net property income grew 16 per cent to S$16.9 million from S$14.5 million previously. Units of Sabana Reit closed unchanged at S$0.43 on Wednesday.
Stoneweg Europe Stapled Trust : The trustee-manager on Thursday said that it issued the 300 million euro 4.125 per cent green notes due 2033. The tenor for the green notes are at 7.3 years, an Oct 15 announcement said. The mainboard-listed company also entered into a five year fixed-to-floating swap, taking the all-in-interest cost to 3.9 per cent. The notes will be listed on the Singapore Exchange on or around Thursday. The counter closed flat at 1.53 euros, before the news.
LHN , KSH Holdings and Soon Hock Enterprise : The three companies announced on Wednesday the entry into a JV alongside Macritchie Developments, CP Tagore, Petrus Capital Holdings, Tay Lian Xie Taro and Chin Hong Oon. The JV, Thomson Gem, was incorporated on Oct 13, and won the tender for the 680 Upper Thomson Road property at a purchase price of S$351 million. Shares of LHN ended Wednesday 4.8 per cent or S$0.04 up at S$0.87, KSH shares closed 5.3 per cent or S$0.02 up at S$0.40 and Soon Hock shares ended 0.9 per cent or S$0.005 down at S$0.58, before the announcement.
