The following companies saw new developments that may affect trading of their securities on Wednesday (Jan 24):
Suntec REIT has reported a distribution per unit (DPU) of 7.135 cents for the FY2023 ended Dec 31, 2023, 19.7% lower y-o-y. DPU for the 4QFY2023 fell by 6.2% y-o-y to 1.866 cents.
Distributable income for the year fell by 19.1% y-o-y to $206.8 million due to higher financing costs, lower contributions from the REIT’s overseas properties and the weaker Australian dollar (AUD), which fell by 6.6% against the Singapore dollar (SGD). The lower contributions arose from vacancies at 55 Currie Street, Adelaide, Southgate Complex, Melbourne and The Minster Building, London.
Connecting Stockholm, the joint venture (JV) between ComfortDelGro(CDG) and Go-Ahead Group, has been awarded the contract to operate and maintain the Stockholm Metro. CDG owns 45% of the JV.
The contract, which was given to the JV by the Stockholm Public Transport Administration, Trafikförvaltningen, will be CDG’s first rail contract in Sweden.
Seatrium has obtained a S$400 million committed green revolving loan facility from UOB to support environmentally sustainable projects.
The loan is secured via its unit Seatrium Financial Services, said the offshore and marine engineering group on Tuesday (Jan 23).
The facility will support the group’s green projects, furthering its business growth in the offshore renewables space while allowing it to achieve its environmental, social and governance (ESG) targets over time, Seatrium noted.
Keppel has taken out sustainability-linked revolving credit facilities with DBS and UOB of S$500 million each, with tenures of up to three years, to be used to enhance the company’s sustainability performance.
The asset manager said on Tuesday (Jan 23) that the loans come with “preferential interest margins which are tied to Keppel’s achievement of certain sustainability performance targets (SPTs), and would be stepped-up if Keppel does not achieve those SPTs”.
Sembcorp Industries’ wholly-owned renewables subsidiary Green Infra Wind Energy Limited (GIWEL) has received the Letter of Award for a 450MW interstate transmission system (ISTS) connected wind-solar hybrid project from Solar Energy Corporation of India Ltd (SECI).
This brings Sembcorp’s gross renewables portfolio in India to 4.2GW and its gross renewables capacity to 13.5GW globally. The project is part of a 2GW bid issued by SECI to develop ISTS-connected wind-solar hybrid power projects throughout India.
SABANA Industrial Real Estate Investment Trust (Sabana Reit) posted a distribution per unit (DPU) of S$0.0115 for the half-year ended Dec 31, 2023, down 21.2 per cent from the year-ago period.
The sharp decline came as 10 per cent of total income available for distribution in FY2023 was retained for “prudent capital management”, in view of additional costs that would be incurred during the internalisation of the Reit manager, according to a bourse filing on Tuesday (Jan 23).