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Stocks to watch: CapitaLand, Suntec Reit, CDL Hospitality Trusts
THESE stocks had announcements which may influence trading on Wednesday.
CapitaLand Limited: Improved operating performance, including the sale of 45 units of The Nassim, and higher portfolio gains gave a lift to CapitaLand Limited's results in its first quarter.
Net profit rocketed 77.2 per cent to S$386.8 million from the preceding year, the group said in a Singapore Exchange filing on Wednesday morning.
For the three months ended March 31, revenue edged up 0.4 per cent to S$897.5 million from the preceding year.
Suntec Real Estate Investment Trust: The Reit recorded a distribution per unit (DPU) of 2.425 Singapore cents in its first quarter, up 2.3 per cent from a year ago, it said in a Singapore Exchange filing on Wednesday morning.
For the three months ended March 31, its gross revenue climbed 12.9 per cent to S$88.4 million from the preceding year, mainly due to the rental contribution of its Sydney asset, 177 Pacific Highway.
CDL Hospitality Trusts: It reported on Wednesday that its distribution per stapled security for the first quarter of 2017 was 2.42 Singapore cents, up 9 per cent from a year ago.
Total distribution to stapled security holders after retention for working capital rose 10 per cent year-on-year to S$24.1 million.