THE following companies saw new developments that may affect trading of their securities on Tuesday (Feb 6):
CAPITALAND Integrated Commercial Trust (CICT) on Tuesday (Feb 6) posted a distribution per unit (DPU) of S$0.0545 for the second half ended December, up 1.7 per cent from S$0.0536 in the previous corresponding period.
This came as gross revenue rose, helped by higher rental and occupancy rates, which supported a rise in net property income (NPI).
Gross revenue was up 4.1 per cent to S$785.2 million for the half-year period, from S$754.1 million in the year-ago period.
Paragon Reit: PARAGON Real Estate Investment Trust’s (Reit) distribution per unit (DPU) for the second half ended December 2023 was down 1.9 per cent on the year to S$0.026 from S$0.0265 previously.
This was despite higher gross revenue which grew 3 per cent to S$145.8 million from S$141.6 million, while net property income (NPI) rose 3.3 per cent to S$109 million from S$105.5 million a year prior.
The latest H2 distribution is expected to be paid on Mar 22, 2024.
Hong Lai Huat: HONG Lai Huat is looking to sell two of its loss-making subsidiaries in Cambodia for a total consideration of US$37.5 million.
This move would mark the group’s exit from its agricultural business, which “has never been profitable” since its inception in 2008, said the property developer on Monday (Feb 5).
Hong Lai Huat intends to seek shareholder approval for both transactions in an extraordinary general meeting to be held in due course.
Noel: MAINBOARD-LISTED Noel Gifts International reported a net loss of S$1.2 million for the first half ended Dec 31, 2023, as its losses widened 53.9 per cent year on year from S$0.6 million.
In a bourse filing on Monday (Feb 5), the gifts marketing and property investment company attributed its losses to lower sales from its gifts division in the period and “ever-changing consumer demand”.
MeGroup: CATALIST-LISTED MeGroup has been appointed as a dealer of MG cars in Malaysia, as it winds up its Hyundai dealership.
This dealership marks the group’s entry into the electric vehicle (EV) market.
MN Automart, a subsidiary of MeGroup’s Malaysian-based unit Menang Nusantara Holdings, will open the dealership in Setia Alam in the state of Selangor, it announced on Monday (Feb 5).
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