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Stocks to watch: AA Reit, First Sponsor Group
SHARES of the following companies may be affected by recent events or announcements:
AIMS AMP Capital Industrial Real Estate Investment Trust: AA Reit registered a distribution per unit (DPU) of 2.78 Singapore cents in its fourth financial quarter, 5.8 per cent lower compared to the corresponding quarter a year ago. Full-year DPU came in at 11.05 Singapore cents, a decline of 2.6 per cent from FY2016. For the three months ended March 31, gross revenue crept up 1.1 per cent to S$30.6 million year-on-year.
First Sponsor Group: The company reported a net profit of S$14.2 million in its first financial quarter, up 16.4 per cent from a year ago, its 10th consecutive quarter on quarter profit growth since its initial public offering in July 2014, said the mixed property developer, owner of commercial properties in China and the Netherlands, and provider of property financing services in China. For the three months ended March 31, the associate of Millennium & Copthorne Hotels plc saw revenue surging 78.6 per cent to S$81.3 million year-on-year.