Stocks to watch: SIA Engineering, Parkway Life Reit, Lendlease Reit, Aims Apac Reit, Manulife US Reit
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Nov 5):
SIA Engineering : The company posted a 13.5 per cent improvement in net profit to S$40.4 million for the second quarter ended September, it said on Tuesday. The increase in revenue to S$370.6 million outpaced that in expenditure and contributions from associated and joint-venture companies rose. Shares of SIA Engineering closed S$0.08 or 2.3 per cent down at S$3.47 on Tuesday, before its financial results were published.
Parkway Life Reit : The manager of the real estate investment trust (Reit) raised third-quarter distribution per unit (DPU) by 2.3 per cent to S$0.1156 from S$0.113 in Q3 2024. Distributable income rose 10.4 per cent to S$75.4 million and revenue climbed 8.2 per cent to about S$117.3 million, boosting net property income by 8.1 per cent. Units of Parkway Life Reit fell 1 per cent or S$0.04 to close at S$4.03 on Tuesday.
Lendlease Global Commercial Reit : The manager of the Reit on Wednesday announced that it has signed an agreement to acquire the 70 per cent of PLQ Mall. Upon completion of the transaction, Lendlease Reit’s total asset value will increase to S$3.9 billion, with Singapore representing 89 per cent of the portfolio. Gearing will be 38.3 per cent on a pro forma basis post-acquisition. The counter closed 2.3 per cent or S$0.015 down at S$0.635 before the news.
Aims Apac Reit : Its DPU for the first half of FY2026 was up 1.1 per cent at S$0.0472 from S$0.0467 in H1 FY2025. Revenue for H1 stood at S$93.7 million, inching up 0.2 per cent from S$93.5 million in the same period a year prior. The counter ended Tuesday flat at S$1.38 before the announcement.
Manulife US Reit : The manager of the Reit on Wednesday reported a portfolio occupancy of 68.2 per cent for its third quarter ended September, down from 68.4 per cent in the previous quarter. As at end-September, the Reit’s gearing stood at 59.6 per cent and its weighted average debt maturity was 2.6 years. Units of Manulife US Reit fell 1.4 per cent or US$0.001 to close at US$0.073 on Tuesday.
