Stocks to watch: Wilmar, MLT, FEHT, CDLHT, Starhill Global Reit, IReit Global

THE following companies saw new developments that may affect trading of their securities on Tuesday (Apr 30): 

Wilmar International : The agribusiness group on Monday reported a 22.6 per cent decrease in net profit to US$302.9 million for the first quarter ended Mar 31, from US$391.4 million in the corresponding year-ago period. Revenue in Q1 fell 7.3 per cent to US$15.7 billion, from US$16.9 billion in the year-ago period. The counter closed S$0.13 or 3.8 per cent lower at S$3.34, before the announcement. 

Mapletree Logistics Trust (MLT): MLT’s manager said on Monday that high interest costs and weak regional currencies weighed on its Q4 performance. The trust posted a 2.5 per cent decrease in distribution per unit to S$0.02211 for the fourth quarter ended Mar 31. Gross revenue for the quarter rose 1.2 per cent to S$181 million, while net property income (NPI) was up 0.6 per cent at S$155.3 million. Units of MLT ended S$0.01 or 0.7 per cent lower at S$1.34, before the results.