Stocks to watch: MLT, Suntec Reit, GuocoLand, SingPost, Dasin Retail Trust, Sim Leisure
Add BT as a preferred sourceBernadette Toh
THE following companies saw new developments that may affect trading of their securities on Friday (Jan 20):
Mapletree Logistics Trust (MLT) : Accretive acquisitions lifted the distribution per unit (DPU) of the trust by 1.9 per cent to S$0.02227 for the third quarter ended December, the manager said on Thursday. Gross revenue for the quarter was up 8 per cent to S$180.2 million, thanks to acquisitions completed in Q1 and the prior year. MLT units closed flat at S$1.61, before the announcement.
Suntec Real Estate Investment Trust (Reit) : The Reit’s DPU dropped by 9.7 per cent to S$0.04074 for the second half of 2022 ended December, from S$0.04512 a year ago, the manager said on Friday. Higher interest expense for the period resulted in a 27.8 per cent rise in finance costs for the Reit. Units of Suntec Reit closed flat at S$1.37 on Thursday.
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