Stocks to watch: Singtel, FLCT, Starhub, CLI, Sats, Cromwell E-Reit, Riverstone

THE following companies saw new developments that may affect trading of their securities on Thursday (Nov 10):

Singtel : The telecommunications giant reported earnings of S$1.17 billion for the half-year ended Sep 30, up 23 per cent from H1 FY2022, after booking a net exceptional gain from its partial divestment of its stake in Airtel. The group on Thursday declared an interim dividend of 4.6 Singapore cents and a special dividend of 5 cents for FY2023. Singtel ended Wednesday S$0.01 or 0.4 per cent higher at S$2.55.

Frasers Logistics & Commercial Trust (FLCT): Its manager on Thursday posted a lower distribution per unit (DPU) of 3.77 Singapore cents for its half-year ended Sep 30, compared with 3.88 cents a year ago. Distributable income remained unchanged. However, revenue and adjusted net property income (NPI) fell due to property divestment and weaker exchange rates. Units of FLCT closed on Wednesday at S$1.11, up 1.83 per cent or S$0.02, before the news.