The following companies saw new developments that may affect trading of their securities on Friday (Nov 3):
SIA Engineering Company (SIAEC) recorded an 82.6 per cent increase in profit to S$59.3 million for the six months ended Sep 30, 2023, from S$32.5 million the year before.
Revenue rose 41.9 per cent to nearly S$514 million in H1, from S$362.2 million a year ago, on the back of a rebound in the travel sector, with flight activities growing post-pandemic, said the group in a bourse filing on Thursday (Nov 2).
This brings earnings per share to 5.28 Singapore cents, up from 2.89 Singapore cents the previous year.
Yangzijiang Shipbuilding secured US$770 million of order wins for the third quarter of its 2023 financial year.
This brings the total order wins for the first nine months of the current FY to US$6.54 billion, more than double its US$3 billion target for the whole FY.
The shipbuilder said in a business update on Thursday (Nov 2) that it has hit a record high order book of US$14.8 billion year to date and delivered 42 vessels out of its target of 57 for the whole year.
Keppel Infrastructure Trust(KIT) almost doubled its distributable income over the first nine months of 2023, and will be paying a special distribution to unitholders, said its manager on Thursday (Nov 2).
The company’s distributable income rose 93.2 per cent to S$266.1 million over the first nine months of 2023, compared to the same period the year before, supported by new acquisitions and successful value-creation strategy, said its manager in a bourse filing.
Its earnings before interest, taxes, depreciation and amortisation (ebitda) went up 28.1 per cent over the corresponding nine-month period in the year before.
AIMS Apac Reit’s (AA Reit) distribution per unit (DPU) for the first half ended September fell 1.1 per cent to $0.0465 from its H1 FY2023 DPU of S$0.047, despite registering topline growth for the period.
The overall DPU decline was due to an enlarged unit base following an equity fundraising exercise completed in July 2023, said its manager on Friday (Nov 3).
Revenue for H1 FY2024 grew 4.4 per cent to S$86.8 million from S$83.2 million a year prior. This was driven by higher rental and recoveries from the real estate investment trust’s logistics, warehouse and industrial properties. This more than offset lower revenue from its Australia properties due to the weakening of the Australian dollar.
Manulife US REIT’s (MUST) aggregate leverage fell slightly to 56.0% at the end of September, down from 56.7% at the end of June, according to the REIT’s Nov 3 operational update for 3QFY2023 ended September.
The REIT’s unencumbered gearing ratio, meanwhile, fell to 59.9% from 60.2%, following a good faith payment in August, which the manager announced at its 1HFY2023 results on Aug 14. The unencumbered gearing ratio refers to the ratio of consolidated total unencumbered debt to consolidated total unencumbered assets per MUST's loan agreements.
MUST’s interest coverage fell to 2.4 times as at Sept 30, down from 2.6 times at June 30 and 2.9 times at March 31.
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