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Tue, Nov 03, 2020 – 9:09
THE following companies saw new developments that may affect their stock trading on Tuesday:
Frasers Centrepoint Trust (FCT): The real estate investment trust (Reit) on Tuesday posted a 26.1 percent drop in its distribution per unit (DPU) to 4,372 Singapore cents for the half-year ended Sept. 30, from 5,913 cents a year ago. FCT units closed at S $ 2.08 on Monday, down S $ 0.03 or 1.4%.
Lippo Malls Indonesia Retail Trust (LMIRT): It reported an 87.5 percent year-on-year decline in its third-quarter DPU to 0.07 Singapore penny, its manager said in an exchange report late Monday. LMIRT units fell 0.3 Singapore cents or 3.5 percent to end at 8.4 cents.
Wilmar International: Shares of the agribusiness giant rose on Monday after it posted a 20% rise in third-quarter net earnings and announced a special dividend on Friday. Wilmar shares closed at Singapore $ 4.25 on Monday, up Singapore $ 0.21 or 5.2 percent.
CapitaLand: Shares of the real estate giant hit an eight-year low on Monday. The accountant lost S $ 0.04 or 1.6 percent to S $ 2.53 at 2 pm, creating a new 52-week low. It ended the day S $ 0.05 or 2% lower at S $ 2.51.
ARA Logos Logistics Trust: It has raised around S $ 50 million from a private placement to partially fund its proposed acquisition of five properties in Australia and invest two of the sponsor’s funds. Around 90.5 million new units were issued at 55.25 Singapore cents each. On Tuesday, the manager asked to lift the suspension of operations called on Monday. Before the stop, the counter was trading at 59.5 Singapore cents.
Lendlease Global Commercial Reit (LReit): His manager said in a business update Tuesday that his overall portfolio occupancy dropped to 99 percent as of Sept. 30, from 99.5 percent as of June 30. The 313 @ Somerset Mall tenant sales improved to S $ 42.6 million for the July September period, more than triple that of the prior quarter. LReit units rose 0.5 Singapore cents or 0.8 percent to close at 61.5 cents on Monday.
Blumont Group: Its chief executive, Lee Tak Meng, has resigned, the investment holding company announced Monday night. Blumont shares listed on Mainboard closed unchanged at 0.2 Singapore cent.
Katrina Group: The food and beverage player’s hospitality division, ST Hospitality, is working with the owners of at least three properties in Singapore to reconfigure themselves for their coexistence mode. Shares traded on Catalist closed up 2.3 Singapore cents or 33.8 percent at 9.1 cents on Monday before the announcement.
LifeBrandz: The Catalist-listed lifestyle investor said its subsidiary Cloud Eight has agreed to pay Fuse Design S $ 150,000 as both parties reach an agreement on a “complete and final settlement” of a legal dispute. Its shares closed unchanged at 0.2 Singapore cent on Monday, ahead of the announcement.
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