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.