Stocks to watch: MPACT, Frasers Centrepoint Trust, Suntec Reit, CapitaLand India Trust

THE following companies saw new developments that may affect trading of their securities on Friday (Oct 25):

Mapletree Pan Asia Commercial Trust (MPACT): Its distribution per unit (DPU) fell 11.6 per cent to S$0.0198 for the second quarter ended Sep 30, from S$0.0224 in the previous corresponding period. The decline came amid reduced contribution following Mapletree Anson’s divestment in July, and lower contributions from overseas assets. Units of MPACT ended Thursday 0.7 per cent or S$0.01 lower at S$1.41, before the results were released.

Frasers Centrepoint Trust (FCT): Its manager on Friday reported that the retail real estate investment trust’s DPU for the second half ended September 2024 was S$0.0602, unchanged from a year prior. This brings the DPU for the full year to S$0.12042, down 0.9 per cent from a FY2023 DPU of S$0.1215. Units of FCT closed on Thursday S$0.01 or 0.4 per cent down at S$2.27.

Suntec Real Estate Investment Trust (Suntec Reit): Its DPU for the third quarter ended September fell by 11.9 per cent to S$0.0158 from S$0.01793 in the previous corresponding period. Its manager attributed this decrease to the completion of a S$5.8 million capital distribution which concluded in end-2023. Units of Suntec Reit ended flat at S$1.25 on Thursday, before the announcement.

CapitaLand India Trust (Clint): The trust’s net property income for the third quarter ended Sep 30 amounted to 3.3 billion rupees (S$53 million), up 15 per cent from 2.9 billion rupees in the year-ago period. The increase was due to higher income from existing properties and income contribution from recent acquisitions in Pune and Mumbai, said Clint’s manager. Units of Clint closed down 1.8 per cent or S$0.02 at S$1.10 on Thursday, before the news.

Sinar Mas Land , Hongkong Land : The property developer and MCL Land, a wholly owned subsidiary of Hongkong Land, will start previews for their new Pine Grove project in November. Prices start at S$1.39 million for a two-bedroom unit and go up to S$3.99 million for a five-bedder. Shares of Sinar Mas Land ended Thursday 6.1 per cent or S$0.02 lower at S$0.31, and shares of Hongkong Land closed down 2 per cent or US$0.08 at US$3.95.