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Stocks to watch: Challenger Tech, OUE Commercial Reit, SIA Engineering, Japan Food, Frasers Logistics & Industrial Trust

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THE following companies made announcements after Tuesday's market close that could affect trading of their shares when the market opens on Wednesday:

Challenger Technologies' third-quarter net profit halved to S$1.75 million from a year ago due to a S$1.16 million impairment charge and weaker sales. Revenue for the quarter fell 16 per cent year on year to S$74.4 million due to lower retail sales owing to the weakened retail sentiment, as well as lower corporate sales.

OUE Commercial Reit posted a 29.4 per cent year-on-year jump in distribution per unit (DPU) to 1.32 Singapore cents for the third quarter, buoyed by contribution from its majority stake in One Raffles Place, as well as improved revenue from OUE Bayfront and Lippo Plaza. Net property income and gross revenue more than doubled from a year ago - from S$15.56 million to S$35.33 million, and from S$20.61 million to S$44.18 million respectively.

SIA Engineering Co reported a 20.2 per cent year-on-year slide in net profit to S$35.5 million for the second quarter, due to the absence of a gain from the disposal of an associated company and a dividend from Hong Kong Aero Engine Services Ltd (HAESL). Revenue dipped 0.5 per cent to S$264.8 million.

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Restaurant operator Japan Food Holdings' net profit remained flat in the second quarter at S$1.353 million, up only 0.4 per cent from a year ago. This was despite a 4.7 per cent rise in revenue to S$16.6 million as an increase in selling and distribution expenses offset most of the revenue gain.

Frasers Logistics & Industrial Trust (FLT) posted a distribution per unit (DPU) of 1.84 Singapore cents for the period June 20 to Sept 30, exceeding its own forecast of 1.79 cents. The newly listed real estate investment trust (Reit) recorded gross revenue of A$43.1 million (S$45.8 million) for the quarter, against forecasts of A$42.7 million.