Stocks to watch: M1, Keppel Reit, Cache Logistics Trust, First Reit
THE following stocks may see some activity on Tuesday after announcing their quarterly results on Monday:
M1: The telco's net profit for its second quarter inched up a mere 1 per cent year-on-year to S$44.3 million. This was even though revenue for the three months to June 30 climbed 15.5 per cent to S$276.8 million. The board has declared an interim dividend of 7 Singapore cents per share, unchanged from last year.
Keppel Reit: Second-quarter distribution per unit (DPU) for the commercial property landlord tumbled 9.5 per cent from the previous year to 1.72 Singapore cents for the three months ended June 30, 2015. This was mainly due to an enlarged base after the trust issued new units to fund Marina Bay Financial Centre (MBFC) Tower 3 in late 2014.
Cache Logistics Trust: It reported a 0.3 per cent dip in DPU on Monday to 2.14 Singapore cents for its second quarter ended June 30, 2015. Net property income also fell 5.4 per cent to S$18.5 million, despite a 3.7 per cent increase in gross revenue to S$21.5 million.
First Reit: Contributions from new acquisitions and its Indonesian and Singapore properties lifted the trust's DPU for the second quarter by 3.5 per cent from the preceding year to 2.07 Singapore cents. It said in a statement that though Indonesia saw its economy slow down this year, healthcare spending is expected to remain supported due to a universal healthcare scheme introduced by the government.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Stocks to watch: CICT, Seatrium, Keppel DC Reit, UOB
Europe: Industrials boost Stoxx 600 as earnings season rolls in
US: Stocks end mostly lower after volatile session
US dollar rally stalls after rare FX warning from finance chiefs
Genting Singapore propels convincing Singapore market rebound; STI up 1.1%
Asia: Markets rise as traders consider US rate outlook