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Stocks to watch: M1, Mapletree Logistics Trust, Keppel Infrastructure Trust


THESE stocks posted results announcements that could affect their trading on the Singapore Exchange on Tuesday.

M1: The telco's Q3 net profit inched up 0.8 per cent to S$44.9 million for the third quarter ended Sept 30, from S$44.5 million one year ago. While operating revenue rose 11 per cent to S$277.6 million from S$250.2 million, operating expenses climbed 14.2 per cent to S$223 million from S$195.2 million. The company estimates low single digit growth in net profit for the year 2015. It also expects capital expenditure to be around S$120 million.

Mapletree Logistics Trust: The Reit posted a 1.1 per cent drop in distribution per unit (DPU) to 1.86 Singapore cents for the second quarter ended September 2015 from 1.88 Singapore cents a year ago. The lower DPU was led by higher borrowing costs, tax, management fees and absence of distribution from divestment gain, coupled with the enlarged issued unit base due to the Reit's implementation of the distribution reinvestment plan.

Keppel Infrastructure Trust: The Reit posted a net profit attributable to unitholders of S$4.13 million for the second quarter ended September, against a loss of S$1.6 million a year ago. This was due to contributions from the Crystal Trust and Keppel Merlimau Cogen acquisitions. Revenue came in 20.3 per cent higher at S$153 million, up from S$127 million a year ago, led by full quarter contributions from these assets.

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