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Stocks to watch: SBS, CD, SMRT; SGX; Fortune Reit, MCT
TRADING in the following counters may be affected on Thursday following material announcements after the close of market trading on Wednesday.
Public transport fares will rise by the maximum possible 2.8 per cent from April. The expected yearly net increases in fare revenue, after factoring in larger contributions to the Public Transport Fund to help the needy, are S$16.4 million for ComfortDelGro (CD) subsidiary SBS Transit, and S$18.6 million for SMRT.
The Singapore Exchange (SGX) announced a 16 per cent net profit increase in its second fiscal quarter, driven by a growing derivatives segment.
Fortune Reit announced an 8 per cent increase in distribution per unit (DPU) for its fiscal fourth quarter.
Mapletree Commercial Trust (MCT) announced a 11.5 per cent increase in DPU for its fiscal third quarter.