Singapore Stocks to Watch: CDL, Keppel Infra Trust, ESR-Logos Reit, OUE C-Reit
THE following companies saw new developments that may affect trading of their securities on Tuesday (Jan 31):
CITY Developments Limited said on Monday (Jan 30) that it is currently in discussions for the proposed acquisition of the St Katharine Docks (SKD) development in London, United Kingdom.
The company – which was responding to media reports on the deal – said in a bourse filing that acquisition is subject to satisfactory due diligence and negotiation on the terms. CDL added that it has “signed an exclusivity for due diligence together with a non-binding heads of terms”.
Keppel Infrastructure Trust has reported a distributable income of $222.5 million for FY2022 ended December, 15.8% higher than the corresponding period the year before.
The higher y-o-y distributable income was due to new acquisitions, steady portfolio performance and another record year at Ixom.
In its business update, KIT reported ebitda of $402.0 million for FY2022, 26.6% higher y-o-y higher FY2021’s ebitda of $317.5 million.
ESR-Logos Reit posted a distribution per unit (DPU) of S$0.0154 for its second half ended Dec 31, 2022, up 7.5 per cent from a DPU of S$0.01433 a year ago.
Gross revenue was up 61 per cent to S$195.6 million for the half-year period, from S$121.4 million a year ago.
Net property income (NPI) grew 64 per cent on the year to S$141.5 million for the half year, from S$86.3 million.
The manager of OUE Commercial Real Estate Investment Trust reported on Monday (Jan 30) a 24.1 per cent year-on-year decline in distribution per unit (DPU) for the second half ended December 2022.
DPU for the six-month period fell to S$0.0104 from S$0.0137 in the year-ago period, even though the revenue for the second half grew 8 per cent on year to S$125.7 million.
Net property income (NPI) also climbed 8.6 per cent on year in the second half to S$103.3 million.
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