The following companies saw new developments that may affect trading of their securities on Friday (Oct 27):
Wilmar (F34): Wilmar International’s net profit for the third quarter ended Sep 30, 2023 fell 59 per cent to US$313.9 million, from US$766.2 million in the year-ago period.
Its core net profit also fell by similar margins, due to compressed refining margins from the tropical oils business and weaker performance by its fertiliser operations, it said in a bourse announcement on Thursday (Oct 26). This was partially offset by continued strong performance from its sugar milling and merchandising businesses and improved crushing margins arising from tightness in soybean availability in China, it added.
Revenue in Q3 slipped by a smaller margin of 6.4 per cent, to US$17.7 billion, from US$18.9 billion in Q3 last year.
MPACT (N2IU): The manager of Mapletree Pan Asia Commercial Trust (MPACT) reported a distribution per unit (DPU) of S$0.0224 for the second quarter ended Sep 30, 2023, down 8.2 per cent from S$0.0244 a year earlier.
This was due primarily to higher interest rates, the manager said in a bourse filing on Thursday (Oct 26).
Contributions from the trust’s overseas assets were also weighed down by foreign exchange effects resulting from a stronger Singapore dollar during the quarter.
Sheng Siong (OV8): Grocer group Sheng Siong on Thursday (Oct 26) posted a third-quarter net profit of S$34.8 million, up 5.7 per cent from the S$32.9 million posted the year before.
Revenue in Q3 rose 3.7 per cent to S$345.8 million, from S$333.5 million last year.
Sheng Siong said that sales contribution from its six new stores rose by 2.2 per cent, which is more than the 1.8 per cent growth logged in its other comparable stores.
CLCT (AU8U): Capitaland China Trust (CLCT) posted net property income (NPI) of 316.4 million yuan for the third quarter ended September, up 1.2 per cent from 312.5 million yuan a year prior.
NPI in Singapore dollar terms, however, fell 8.4 per cent to S$58.9 million from S$64.3 million previously, due to a 10.5 per cent year-on-year depreciation of the yuan against the Singapore dollar.
CLCT’s manager on Friday (Oct 27) attributed overall NPI growth, in yuan terms, to a general recovery across its retail portfolio, excluding CapitaMall Qibao and CapitaMall Shuangjing.
Clint (CY6U): Capitaland India Trust‘s (Clint) third-quarter net property income (NPI) grew 22 per cent to 2.9 billion rupees (S$46.7 million), from 2.4 billion rupees in the year-ago period.
This was due primarily to higher total property income, which came on the back of contributions from International Tech Park Hyderabad and International Tech Park Pune – Hinjawadi, Clint’s manager said on Thursday (Oct 26).
However, this was partially offset by an increase in total property expenses.
CDLHT (J85): CDL Hospitality Trusts (CDLHT) posted a 23 per cent rise in distribution per stapled security of S$0.0251 for the first half ended Jun 30, from S$0.0204 in the year-ago corresponding period.
Vincent Yeo, chief executive of CDLHT’s managers, said strong leisure travel and the resumption of events have been key growth drivers across most geographical markets.
CDLHT’s revenue was up 20.9 per cent to S$119.2 million for the half-year period, from S$98.6 million in the year-ago period. Meanwhile, net property income grew 23.3 per cent year on year to S$62.9 million from S$51 million.
ESR-Logos (J91U): ESR-Logos Reit’s net property income (NPI) for the third quarter grew 19.4 per cent year on year to S$206.1 million, its manager said on Thursday (Oct 26).
Gross revenue, meanwhile, rose by 19.2 per cent on the year to S$290.7 million for the three months ended Sep 30, 2023.
The real estate investment trust achieved higher rental reversions of 13.5 per cent across all sectors, from 11.4 per cent in the same period last year. Rental collections stood at 98.7 per cent.
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