Tuesday, July 26, 2016

MapletreeLog, PLife, Yoma, Noble, Katrina, Fortune REIT

Here are some stocks that could move the market this Tuesday morning:

Mapletree Logistics Trust (MLT) has posted a distribution per unit of 1.85 cents for 1QFY2017, unchanged from the DPU declared in 1QFY2016. For the quarter to June, revenue rose 5.3% to $89.6 million with the full contribution from three properties acquired in Australia, Vietnam and Korea in FY2016. The group also recognised revenue from the completed extension building in Moriya Centre in Japan and higher revenue from existing properties in Hong Kong. Units in MLT closed at $1.06 on Monday.

Parkway Life REIT (PLife REIT) has declared a 2Q DPU of 3.01 cents, which is 10.2% lower than the DPU of 3.35 cents a year ago. This was due to the absence of one-off distribution of divestment gain recorded for the corresponding period in 2015. PLife REIT closed 1.59% higher at $2.55 on Monday.

Yoma Strategic posted a 28.6% drop in 1Q earnings to $1.8 million from $2.6 million a year ago. Revenue fell 22.4% to $17.6 million from $22.7 million. This revenue was largely driven by the Group’s Consumer and Automotive& Equipment (Non-Real Estate) businesses and its rental revenue from investment properties, which offset the lower revenue from its sales of residences and land development rights (LDRs). Yoma closed at 60 cents.

Noble Group says valid acceptances for 6.3 billion shares and excess applications for 5.1 billion shares representing 95.7% and 78% of the total rights shares available for application were received at the close of the rights issue on July 21. As applications were received for a total of 11.4 billion rights shares out of the 6.5 billion rights shares available for subscription, Noble’s rights issue was 173.7% subscribed. Shares of Noble closed 1.8% lower at 17 cents.

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