Stocks to watch: SIA, Keppel Reit, ST Engineering, DFI Retail, MLT, Hongkong Land, Clint
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Jul 29):
Singapore Airlines (SIA) : The national carrier sank into the red with a net loss of S$76 million for its first quarter ended Jun 30, compared with a net profit of S$186 million in the previous corresponding period. This was despite record revenue of S$5.7 billion. The loss was mainly due to lower operating profit from a sharp 78.5 per cent jump in net fuel costs triggered by the Middle East conflict, as well as higher share of losses from Air India, SIA said on Tuesday. The counter ended at S$7.77 on Tuesday, 0.8 per cent or S$0.06 higher, before the results were released.
Keppel Real Estate Investment Trust (Reit) : The manager of the trust on Wednesday posted a 4 per cent decline in its H1 distribution per unit (DPU) of S$0.0261, from S$0.0272, due to an enlarged unit base. Its ex-dividend date is on Aug 5, and will be paid on Sep 15. Distributable income from operations for the period stood at S$119.6 million, up 25.2 per cent year on year. Additionally, the manager announced that the Reit is divesting its majority stake in KR Ginza II, a freehold boutique office building in Tokyo, for 11.5 billion yen (US$70.2 million). Units of Keppel Reit ended 0.6 per cent or S$0.005 higher at S$0.89 on Tuesday.
ST Engineering : The urban solutions business of ST Engineering secured an S$840 million rail services contract for the Taoyuan MRT Brown Line in Taiwan. The project is expected to commence in Q4 and will be delivered over eight years, the company said on Tuesday. The 11.4 km rail route threads through seven stations and will connect Taoyuan city to the Greater Taipei area. The counter closed 0.6 per cent or S$0.06 lower at S$10.53 on Tuesday, before the news.
DFI Retail Group : The company on Tuesday posted a 44 per cent rise in underlying profit attributable to shareholders from continuing businesses to US$117 million for its first half ended Jun 30, on the back of improved operating performance and lower financing costs. An interim dividend of US$0.062 per share was declared for the half year, up 77 per cent. Shares of DFI Retail closed at US$3.52 on Tuesday, up 0.9 per cent or US$0.03, before the results were released.
Mapletree Logistics Trust (MLT) : The manager of MLT on Tuesday posted DPU of S$0.01816 for the first quarter ended June, up 0.2 per cent from S$0.01812 in the year-ago period. Distributable income rose 1.1 per cent to S$93 million in Q1. Units of MLT ended Tuesday 0.8 per cent or S$0.01 higher at S$1.20, before the results were released.
Hongkong Land : The real estate company on Tuesday reported an underlying profit of US$259 million for the six months ended Jun 30, up 11 per cent from US$233 million in the same year-ago period. This came on the back of lower net financing charges from active capital recycling. The board is recommending an interim dividend of US$0.08 per share, a rise from US$0.06 in the same period last year. Shares of Hongkong Land closed 0.9 per cent or US$0.07 lower at US$7.89 on Tuesday, before the results were announced.
CapitaLand India Trust (Clint) : The trust on Wednesday posted net property income of S$107.5 million for the six months ended Jun 30 – a 5 per cent year-on-year decrease in Singapore dollar terms, but a 6 per cent increase in rupee terms. Clint’s trustee-manager said that the lower Singapore dollar property income was due to the 12 per cent year-on-year depreciation of the rupee against the Singapore dollar. Income available for distribution in H1 FY2026 rose 8 per cent year on year in Singapore dollar terms to S$64.2 million. Units of Clint rose 1 per cent or S$0.01 to close at S$1.02 on Tuesday.
