THE following companies saw new developments that may affect trading of their securities on Tuesday (Oct 17):
Keppel DC REIT: The manager of Keppel DC REIT has reported a lower distribution per unit (DPU) of 2.492 cents for the 3QFY2023 ended Sept 30, a 3.6% decrease from the same period a year ago.
This brings its DPU for the 9MFY2023 to 7.543 cents, 1.2% lower than the 9MFY2022 DPU of 7.634 cents.
For the three-month period, distributable income dropped by 6.5% y-o-y to $43.9 million. The REIT says that this is mainly due to higher finance costs and less favorable forex hedges, which were partially offset by higher finance income and tax savings. Its 9MFY2023 distributable income stands at $135 million, 2.1% lower y-o-y.
Aztech Global: AZTECH Global has posted a 15.9 per cent increase in net profit to S$73.8 million for its first nine months ended Sep 30, 2023, up from S$63.7 million in the corresponding period of the year before.
Earnings per share stood at 9.56 Singapore cents for the nine-month period, up from 8.25 Singapore cents from 9M 2022.
Revenue for the first nine months of the year rose 10.7 per cent to S$672 million, from S$607 million a year ago. This was mainly driven by a year-on-year increase in sales of Internet of Things (IoT) devices and data-communication products, said the company in a business performance update on Monday (Oct 16).
Advanced Holdings: Advanced Holdings, through its subsidiary, Advanced Agri, has signed a non-exclusive framework agreement with PT Manunggal Perkasa to supply grains – primarily wheat products – to a major flour milling company in Indonesia.
The signing of the framework agreement was done in a bid to expand and deepen the group’s focus on its agriculture business, said Advanced Holdings.
The agreement will see Advanced Agri supplying four shipments of 30,000 metric tons (plus or minus 10% depending on the vessel) of premium wheat. The supply will be carried out in the ordinary course of Advanced Agri’s business.
Kim Heng: Kim Heng’s subsidiary, Kim Heng Shipbuilding & Engineering (KHSE), has been awarded a shipbuilding contract of about TWD249.5 million ($10.6 million) by TIPC Marine Corporation, according to an announcement dated Oct 16.
TIPM is a subsidiary of state-owned company Taiwan International Ports Corporation (“TIPC”), operates and manages a fleet of marine assets.
Under the contract, KHSE will provide design, engineering and newbuild of a self-propelled split hopper barge. The contract is scheduled to commence in the fourth quarter of 2023, and is expected to be completed by the first quarter of 2025.
Singapore Airlines: The Singapore Airlines (SIA) group says its passenger traffic grew 24.8% y-o-y, for the month of September 2023, outpacing capacity expansion of 23.7%.
The group’s passenger load factor increased 0.7 percentage points (ppts) y-o-y to reach 87.7%.
SIA and Scoot posted monthly passenger load factors of 87.6% and 88.1% respectively. Both airlines carried a combined total of 2.9 million passengers during the month, up 36.% y-o-y.
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