The following companies saw new developments that may affect trading of their securities on Friday (Nov 4):
OCBC’s net profit rose 31 per cent to S$1.6 billion for the third quarter ended Sep 30, from S$1.22 billion last year.
This beat the S$1.44 billion consensus forecast in a Bloomberg survey of five analysts.
This was due to growth in average net asset balance and net interest margin expansion, which contributed to a quarterly net interest income gain of 44 per cent to S$2.1 billion, crossing the S$2 billion mark for the first time, said OCBC in its earnings announcement on Friday (Nov 4).
CapitaLand Investment (CLI) in its latest 3QFY2022 ended September business update announced that it has seen operational resilience across all three of its growth drivers – fund management, lodging management and capital management.
Under its fund management segment, funds under management (FUM) stood at $86 billion year-to-date (ytd) as at end September. As at Nov 3, embedded FUM comprised of $3.4 billion estimated FUM from committed and undeployed capital for private funds and announced REITs transactions which are not completed and yet to be included in FUM as of 3QFY2022, and $2.7 billion from announced transactions post 3QFY2022.
Frasers Hospitality Trust (FHT) posted a distribution per stapled security (DPS) of S$0.009316 for the half year ended Sep 30, rising 15.9 per cent from S$0.008041 the previous year.
In its results statement on Friday (Nov 4), the stapled group’s managers said this was due to better gross revenue and net property income (NPI) amid the continued, gradual recovery in the hospitality industry as FHT’s portfolio saw improved performance across all regions.
The H2 FY2022 distribution payment date will be Dec 29.
ARA US Hospitality Trust (ARA H-Trust) posted a net property income of US$11.9 million for its third quarter ended Sep 30, an improvement from the US$9.2 million recorded in the year-ago period.
Gross revenue, meanwhile, stood at US$48.7 million, up from the US$41.1 million posted in the year before. This comes as the stapled group sees “strong recovery momentum” in its second and third quarters of 2022, the managers said.
Portfolio occupancy was 71 per cent for the quarter and the trust recorded a revenue per available room (RevPAR) of US$97.
The manager of OUE Commercial Real Estate Investment Trust (OUE C-Reit) on Thursday (Nov 3) reported a 4.4 per cent year-on-year rise in net property income in the third quarter ended Sep 30, although its amount available for distribution continued to shrink.
Net property income in Q3 rose to S$48.3 million, due mainly to lower property expenses, the manager said in an exchange filing.
The Reit’s revenue increased 1.7 per cent to S$59.5 million in the quarter, compared with the same period last year.