Stocks to watch: MPACT, CapitaLand Ascott Trust, Hotel Properties, OUE Reit, CLCT

THE following companies saw new developments that may affect trading of their securities on Wednesday (Apr 24): 

Mapletree Pan Asia Commercial Trust (MPACT): The real estate investment trust’s (Reit) distribution per unit for the fourth quarter ended March grew 1.8 per cent year on year to S$0.0229 from S$0.0225. This was driven by a strong Singapore performance and stable contributions from the Reit’s asset in Hong Kong, Festival Walk, said its manager on Wednesday. Units of MPACT closed Tuesday at S$1.25, up S$0.02 or 1.6 per cent.

CapitaLand Ascott Trust (Clas): The stapled group’s gross profit for the first quarter ended March, rose 15 per cent year on year. On Wednesday, its managers attributed this to contributions from new properties as well as an overall stronger operating performance amid sustained demand for lodging. Stapled securities of Clas ended Tuesday S$0.02 or 2.3 per cent higher at S$0.895.