Stocks to watch: MPACT, MLT, Keppel Reit, Clint, CLCT, CDLHT, OUE Reit

THE following companies saw new developments that may affect trading of their securities on Tuesday (Jan 30): Mapletree Pan Asia Commercial Trust (MPACT): The trust’s distribution per unit (DPU) fell 9.1 per cent to S$0.022 for its third quarter ended Dec 31, 2023. Gross revenue was up 0.8 per cent to S$241.6 million for the quarter, from S$239.8 million previously, said the manager on Monday. Units of MPACT closed 1.4 per cent or S$0.02 lower at S$1.39, before the announcement.

Mapletree Logistics Trust (MLT): The trust entered into a purchase agreement with an unrelated third party to divest its 73 Tuas South Avenue 1 property for S$16.8 million, its manager announced on Monday. JTC granted in-principle approval for the transaction subject to compliance to stipulated conditions by the parties. Units of MLT closed down 1.9 per cent or S$0.03 to S$1.53, before the news.

Keppel Real Estate Investment Trust (Reit): The Reit’s DPU fell 1.7 per cent to S$0.029 for the second half year of FY2023. This came on the back of a 0.7 per cent drop in distributable income from operations to S$99.7 million. Net property income for the period, however, rose 7 per cent on higher rentals and occupancy for its Singapore properties, said its manager on Tuesday. Keppel Reit’s units closed Monday 2.2 per cent or S$0.02 lower at S$0.895.