Stocks to watch: UOB, CICT, MLT, MIT, NetLink NBN Trust, ESR-Logos Reit

THE following companies saw new developments that may affect trading of their securities on Thursday (Oct 26):

UOB : The bank reported net profit of S$1.38 billion for the third quarter ended September, down 1 per cent from S$1.4 billion in Q3 FY2022, after accounting for one-off expenses related to the acquisition of Citigroup’s Malaysia, Thailand and Vietnam consumer banking business. Its counter ended Wednesday S$0.06 or 0.2 per cent higher at S$27.72.

CapitaLand Integrated Commercial Trust (CICT): The trust manager reported a 0.6 per cent growth in the trust’s Q3 net property income to S$275 million. Rental income growth was offset by increased operating expenses, which the manager attributed to higher actual occupancy and shopper traffic. CICT’s units fell 1.2 per cent or S$0.02 to close at S$1.70 on Wednesday.