Wednesday, January 20, 2016

CCT, First REIT, SingPost, Keppel T&T, ST Engineering, Koh Brothers Eco Engineering, Oriental Holdings, Jiutian Chemical

The following stocks may be in focus today:

The manager of CapitaLand Commercial Trust (CCT) has announced a 0.9% increase in 4Q15 DPU. For FY2015 ended 31 December 2015, the estimated DPU was 8.62 cents, up 1.9%.

Bowsprit Capital Corporation, the manager of First Real Estate Investment Trust (REIT), posted a 2.5% increase in DPU to 2.09 cents for 4Q15.

Singapore Post has appointed PwC as special auditor to investigate issues surrounding its acquisitions of stakes three companies over the last three years. SingPost had acquired stakes in Famous Holdings in 2013, FS Mackenzie in 2014 and Famous Pacific Shipping (NZ) in 2015. PwC will review whether the relevant policies, processes and procedures of SingPost were followed in the evaluation and approval process for all three deals and whether the requisite internal approvals were obtained.

Keppel Telecommunications & Transportation (Keppel T&T) posted a 62.9% drop in FY2015 earnings to $91.5 million from a year ago. This was because the divestment of assets in FY2014 comprising mainly sale of data centre assets to Keppel DC REIT contributed $186.4 million to the group’s FY2014 earnings. Revenue for the 12 months ended December came in 11% lower at $200.6 million due mainly to absence of revenue from the two divested data centre properties and management fees received in the IPO of Keppel DC REIT in December.

ST Engineering’s aerospace arm has secured new contracts worth $415 million in the fourth quarter of 2015. The projects won range from airframe maintenance and cabin interiors reconfiguration, to engine wash and landing gear overhaul.

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