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Stocks to watch: CapitaMall Trust, Reits, Keppel Corporation, Keppel Land
THE following companies made announcements that may affect the trading of their shares on Friday.
Singapore's largest listed mall owner, CapitaMall Trust, said early on Friday morning that its Q4 distribution per unit (DPU) rose to 2.86 cents, 5.1 per cent higher than 2.72 cents a year ago. The real estate investment trust's (Reit) Q4 revenue rose 2.2 per cent to S$165.2 million from S$161.6 million, but net property income fell 4.1 per cent from S$110.5 million to S$106 million, due to higher property operating expenses.
Several other Reits released their Q4 financial results on Thursday.
Ascott Residence Trust traded 1.5 cents higher at S$1.285 on Thursday, after reporting a 62 per cent year-on-year surge in Q4 DPU to 2.16 Singapore cents.
Ascendas Reit reported a 1.4 per cent rise in Q3 DPU to 3.59 Singapore cents.
Suntec Reit reported a 0.59 per cent rise in DPU to 2.577 Singapore cents.
Frasers Commercial Trust reported a 20 per cent rise in DPU to 2.46 Singapore cents.
Meanwhile, Keppel Corporation, whose shares were halted on Wednesday pending the release of an announcement, will be conducting its results briefing at 2pm on Friday. Both its briefing and that of real estate subsidiary Keppel Land had been postponed earlier this week.
The postponement, coupled with trading halts that both parties called, has fuelled much speculation over what the announcement may be. Keppel Land's briefing will be held at 5pm on Friday.