THE following companies saw new developments that may affect trading of their securities on Friday (Jan 20):
Mapletree Logistics Trust: Accretive acquisitions lifted the distribution per unit (DPU) of the trust by 1.9 per cent to S$0.02227 for the third quarter ended December, the manager said on Thursday. Gross revenue for the quarter was up 8 per cent to S$180.2 million, thanks to acquisitions completed in Q1 and the prior year. MLT units closed flat at S$1.61, before the announcement.
Suntec Reit: Suntec Real Estate Investment Trust’s (Suntec Reit) distribution per unit (DPU) fell by 9.7 per cent to S$0.04074 for the second half of 2022 ended December, from S$0.04512 a year ago.
Higher interest expense for the period resulted in a 27.8 per cent rise in finance costs for the Reit, its manager said in a regulatory filing on Friday (Jan 20).
Gross revenue was up 16.9 per cent to S$223.7 million for the half-year period, from S$191.3 million a year ago. Net property income grew 14.7 per cent to S$162.8 million from S$142 million in H2 FY2021.
GuocoLand: PROPERTY player GuocoLand on Thursday (Jan 19) reported a 13 per cent fall in net profit to S$59 million for the first half ended December, in the absence of a S$14.3 million disposal gain recorded the year prior.
Excluding the disposal gain, the company saw its net profit rise 11 per cent, from S$53.2 million to S$59 million, on the back of a strong property market and a revival of tourism. This lifted revenue 46 per cent in H1 to S$661.6 million.
The company’s property development business posted a 45 per cent increase in revenue to S$550.4 million, thanks to higher progressive recognition of sales from its residential projects in Singapore.
Dasin Retail Trust: DASIN Retail Trust has been served a letter of demand by its lender, Luso International Banking, related to a seven-month, US$13.12 million loan facility.
The trust was required to top up its reserve account with Luso Bank within five working days from the effective date of the facility, Dasin disclosed in a Thursday (Jan 19) bourse filing.
“The trust was unable to do so due to technical issues relating to the securing of approval from a China onshore lender/security agent for the remittance of funds from the trust’s onshore RMB account,” it said.
Sim Leisure: THEME park operator Sim Leisure on Thursday (Jan 19) announced that it will register “substantial” comprehensive profit for FY2022 ended December, reversing the year-ago loss.
The turnaround is due to an increase in the company’s revenue derived from theme park operations, following the easing of pandemic restrictions by the Malaysian government.
Another factor is the cooperation fee income from Sim Leisure Gulf Contracting, arising from the cooperation agreement entered between the company’s 60 per cent-owned subsidiary, Sim Leisure Creative, and SL Gulf.