Here are some stocks to watch this Wednesday morning.
Two subsidiaries of Keppel Corp are disposing their entire stakes in investment holding company Fernland Investment for US$10.9 million ($15.5 million) to Prime Value. Fernland holds a 78.58% stake in a Vietnamese company which owns an office building in Hanoi. Shares of Keppel Corp ended down 10 cents or 2.1% at $4.71.
Mapletree Industrial Trust's distribution per unit rose 5.6% to 2.82 cents in the third quarter ended Dec 31, 2015, from 2.67 cents a year ago. Net property income grew 6.7% to $61.88 million from $57.98 million previously. MIT ended down 1.5 cents or 0.9% at $1.495.
Suntec Real Estate Investment Trust posted a 6.4% y-o-y increase full-year distribution per unit to 10.002 cents for FY2015. Net property income rose 19.6% to $229.2 million, resulting from the opening of Phases 2 and 3 of Suntec City mall, and higher contributions from Suntec Singapore. Suntec REIT’s units closed 0.66% lower at $1.51.
OUE Commercial REIT (OUE C-REIT) has announced a DPU of 1.36 cents in the fourth quarter ended Dec 31, 2015, as compared to the circular forecast of 1.13 cents. This includes a one-off distribution of capital return of $1.3 million in relation to certain expenses. Excluding this one-off distribution, DPU would be at 1.26 cents, says OUE C-REIT. OUE C-REIT ended higher yesterday at 61.5 cents, up 0.5 cent or 0.8%.
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Two subsidiaries of Keppel Corp are disposing their entire stakes in investment holding company Fernland Investment for US$10.9 million ($15.5 million) to Prime Value. Fernland holds a 78.58% stake in a Vietnamese company which owns an office building in Hanoi. Shares of Keppel Corp ended down 10 cents or 2.1% at $4.71.
Mapletree Industrial Trust's distribution per unit rose 5.6% to 2.82 cents in the third quarter ended Dec 31, 2015, from 2.67 cents a year ago. Net property income grew 6.7% to $61.88 million from $57.98 million previously. MIT ended down 1.5 cents or 0.9% at $1.495.
Suntec Real Estate Investment Trust posted a 6.4% y-o-y increase full-year distribution per unit to 10.002 cents for FY2015. Net property income rose 19.6% to $229.2 million, resulting from the opening of Phases 2 and 3 of Suntec City mall, and higher contributions from Suntec Singapore. Suntec REIT’s units closed 0.66% lower at $1.51.
OUE Commercial REIT (OUE C-REIT) has announced a DPU of 1.36 cents in the fourth quarter ended Dec 31, 2015, as compared to the circular forecast of 1.13 cents. This includes a one-off distribution of capital return of $1.3 million in relation to certain expenses. Excluding this one-off distribution, DPU would be at 1.26 cents, says OUE C-REIT. OUE C-REIT ended higher yesterday at 61.5 cents, up 0.5 cent or 0.8%.
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