The following companies saw new developments that may affect trading of their securities on Tuesday (Oct 31):
United Overseas Bank’s financed emissions for five high-carbon emitting sectors in 2022 has gone down, the lender’s first annual update since announcing its decarbonisation targets showed.
The level of financed emissions – which refer to greenhouse gas (GHG) emissions associated with the bank’s lending activities – was between 7 per cent and 14 per cent below its 2022 targets, which is referenced from regional net-zero pathways specific to each of the five sectors. The bank has also provided S$38 billion in sustainable financing as at the end of September this year.
OUE Commercial Real Estate Investment Trust (Reit) on Monday (Oct 30) reported a 29.8 per cent increase in its net property income (NPI) to S$62.7 million for the third quarter ended Sep 30, from S$48.3 million in the year-ago period.
Revenue rose 27.5 per cent year on year to S$75.8 million, from S$59.5 million.
The growth was driven by overall improvements in the Reit’s portfolio, especially in the hospitality sector as Singapore’s tourism industry recovers post-pandemic, the manager said in a business update.
Heavy-engineering company Civmec posted on Monday (Oct 30) a 7.3 per cent increase in its net profit to A$15.2 million (S$13.2 million) for its first quarter ended Sep 30, from A$14.2 million a year ago.
Revenue rose 7.3 per cent to A$245.1 million in Q1, from A$228.3 million in the year-ago period.
Earnings per share stood at 3.01 Australian cents, up 6.7 per cent year on year from 2.82 cents.
Samudera Shipping on Monday (Oct 30) issued a profit guidance for the third quarter ended Sep 30, 2023, saying that revenue and earnings “recorded a contraction”, compared to the year-ago period.
“This was primarily due to a decline in the general market demand, which resulted in lower container volume handled and freight rates year on year,” said the mainboard-listed company in a bourse filing.
The carrier, whose parent is Jakarta-listed Samudera Indonesia, added that the freight rate is likely to continue at its current level for the rest of the fiscal year.
Second Chance Properties posted a net loss of S$3.7 million for the second half of its financial year ended Aug 31, 2023, compared to a profit of S$2.2 million in the year-ago period.
Revenue inched up marginally by 0.3 per cent year on year to S$27.1 million.
Earnings per share stood at 1.13 cents in H2, from 1.04 cents in the prior year.
Property company Capital World will resume trading on the Singapore Exchange (SGX) on Tuesday (Oct 31).
Shares of the Catalist board-listed company were suspended on Feb 14, 2020. The counter had closed at 0.5 Singapore cent then.
In a bourse filing on Monday, it described the trading resumption as a new chapter for the company.
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