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Stocks to watch: PLife Reit, Yoma, Raffles Medical, Mapletree Logistics Trust, Joyas International
THE following stocks may be in focus on Tuesday:
Parkway Life Real Estate Investment Trust (PLife Reit): The trust on Tuesday posted a 10.2 per cent fall in distribution per unit for the second quarter due to the absence of a one-off distribution of divestment gain.
Yoma Strategic Holdings: The company which has real estate and investment businesses in Myanmar on Tuesday posted a 28.6 per cent fall in fiscal first quarter on lower gross profit.
Raffles Medical Group: Higher revenue from all divisions helped lift the mainboard-listed group's second-quarter net profit, which was up 4.5 per cent year on year at S$16.67 million.
Mapletree Logistics Trust: The trust's first-quarter total return attributable to unitholders dropped 57.9 per cent to S$21.5 million in its fiscal first quarter on a loss in the fair value of financial hedging instruments.
Joyas International Holdings: The group has extended the period for acceptances of its rights issue by one day. This follows an error in the stock code which led to unsuccessful electronic applications via ATMs by entitled shareholders.