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Stocks to watch: Q&M, Ascendas Reit, Great Eastern
THE following stocks have issued material announcements which may affect trading activity on Friday.
Q&M Dental Group on Friday said it plans to spin off its China manufacturing subsidiary, Q&M Aidite International, through a listing on a reputable stock exchange.
Ascendas Real Estate Investment Trust (A-Reit) posted a distribution per unit (DPU) of 3.71 Singapore cents for its fourth quarter ended March 31, 2015, up 4.5 per cent from a year ago.
Insurer Great Eastern on Friday reported a net profit of S$220.5 million for its first quarter ended March 31, 2015, down 5 per cent from S$231.6 million a year ago, due to the absence of a one-off gain.
Other companies that have announced results on Thursday evening include Suntec Reit, Frasers Commercial Trust, China Aviation Oil, Sheng Siong, GMG Global and Mapletree Greater China Commercial Trust.