Here are some stocks that could move the market this Friday morning:
Keppel Corporation saw its second quarter profit slump by 48% to $205.78 million, on the back of lower revenue contributions from its offshore and marine and infrastructure divisions. Second quarter revenue was down 37% to $1.63 billion, on $860 million decline in offshore and marine's revenue to $720 million, and $137 million decline in infrastructure's revenue to $404 million. Shares in Keppel Corp closed at $5.58 on Thursday, down two cents.
SATS’s, the airport groundhandler, saw earnings grow 29.2% in the first quarter, boosted by a one-time gain from the sale of property. The firm recorded net profit of $64.1 million for the three months ended June 30, up from $49.6 million a year ago. Group revenue inched up 1.8% to $424.2 million, on the back of stronger volume growth across stations in key locations. SATS made a gain of $9.3 million on the disposal of its Senoko property which was completed on June 30. SATS closed 0.5% higher at $4.35.
Capitaland Mall Trust (CMT) reported a 3.3% rise in its second-quarter distributable income to $97.1 million, lifted by higher revenue. Distribution per unit (DPU) for the three months ended June 30, 2016, was 2.74 cents. Revenue in Q2 came in at $170.9 million, up 7.1% year on year, mainly due to a contribution of $14.5 million from Bedok Mall which was acquired last October, and higher rental achieved for IMM Building, Tampines Mall and Bukit Panjang Plaza, after completion of asset enhancement initiatives in FY2015. CMT closed 1.4% higher at $2.22.
Suntec REIT on Thursday reported distribution per unit (DPU) of 2.501 cents for the second quarter ended June 30, almost unchanged from 2.5 cents a year ago, buoyed by proceeds from the disposal of Park Mall. Gross revenue slipped 3.1% to $78.94 million while net property income fell 7.5% to $52.67 million. Suntec REIT closed flat at $1.78.
Ascendas REIT on Thursday posted a distribution per unit (DPU) of 3.996 cents for its first quarter ended June 30, 2016. This was 4% higher than the 3.841 cents it paid out in the corresponding quarter a year ago. Gross revenue rose 15% to $207.6 million due to the acquisition of the Australian portfolio and One@Changi City, while net property income rose 20.3% to $149.5 million. The REIT finished unchanged at $2.49 on Thursday.
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Keppel Corporation saw its second quarter profit slump by 48% to $205.78 million, on the back of lower revenue contributions from its offshore and marine and infrastructure divisions. Second quarter revenue was down 37% to $1.63 billion, on $860 million decline in offshore and marine's revenue to $720 million, and $137 million decline in infrastructure's revenue to $404 million. Shares in Keppel Corp closed at $5.58 on Thursday, down two cents.
SATS’s, the airport groundhandler, saw earnings grow 29.2% in the first quarter, boosted by a one-time gain from the sale of property. The firm recorded net profit of $64.1 million for the three months ended June 30, up from $49.6 million a year ago. Group revenue inched up 1.8% to $424.2 million, on the back of stronger volume growth across stations in key locations. SATS made a gain of $9.3 million on the disposal of its Senoko property which was completed on June 30. SATS closed 0.5% higher at $4.35.
Capitaland Mall Trust (CMT) reported a 3.3% rise in its second-quarter distributable income to $97.1 million, lifted by higher revenue. Distribution per unit (DPU) for the three months ended June 30, 2016, was 2.74 cents. Revenue in Q2 came in at $170.9 million, up 7.1% year on year, mainly due to a contribution of $14.5 million from Bedok Mall which was acquired last October, and higher rental achieved for IMM Building, Tampines Mall and Bukit Panjang Plaza, after completion of asset enhancement initiatives in FY2015. CMT closed 1.4% higher at $2.22.
Suntec REIT on Thursday reported distribution per unit (DPU) of 2.501 cents for the second quarter ended June 30, almost unchanged from 2.5 cents a year ago, buoyed by proceeds from the disposal of Park Mall. Gross revenue slipped 3.1% to $78.94 million while net property income fell 7.5% to $52.67 million. Suntec REIT closed flat at $1.78.
Ascendas REIT on Thursday posted a distribution per unit (DPU) of 3.996 cents for its first quarter ended June 30, 2016. This was 4% higher than the 3.841 cents it paid out in the corresponding quarter a year ago. Gross revenue rose 15% to $207.6 million due to the acquisition of the Australian portfolio and One@Changi City, while net property income rose 20.3% to $149.5 million. The REIT finished unchanged at $2.49 on Thursday.
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