Stocks to watch: Wilmar, MPACT, Sheng Siong, CLCT, Clint, CDLHT, ESR-Logos
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Vivienne Tay
THE following companies saw new developments that may affect trading of their securities on Friday (Oct 27):
Wilmar International : The agribusiness group’s net profit for the third quarter ended Sep 30 fell 59 per cent to US$313.9 million, from US$766.2 million in the year-ago period. Its core net profit also fell by similar margins, due to compressed refining margins from the tropical oils business and weaker performance by its fertiliser operations. Wilmar’s shares gained 0.6 per cent or S$0.02 to S$3.47 on Thursday before the announcement.
Mapletree Pan Asia Commercial Trust : MPACT reported a distribution per unit of S$0.0224 for the second quarter ended Sep 30, down 8.2 per cent from S$0.0244 a year earlier. This was due primarily to higher interest rates, the manager said on Thursday. Units of MPACT closed unchanged at S$1.30 before the announcement.
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