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Friday, October 30, 2020 – 8:54 am
THE following companies saw new developments that may affect their securities trading on Friday:
Keppel Corp: The conglomerate turned the corner sequentially in the third quarter after posting record losses in the prior period. Revenues amounted to S $ 4.82 billion during the first nine months. Shares in Keppel fell S $ 0.07 or 1.6% to close at S $ 4.27 on Thursday before the announcement.
Nanofilm Technologies: The tech unicorn, with Temasek Holdings as a substantial shareholder, will make its public debut in Singapore on Friday as the share price starts at 9 a.m. Nanofilm said Thursday night that it received requests from retail investors for 30.6 times. the number of shares available in the public portion of your initial public offering.
Sheng Siong Group: The supermarket operator’s net profit increased 54.4 percent from the previous year to S $ 31.8 million for the quarter ended September 30. Shares of Sheng Siong were flat at S $ 1.65 as of Thursday’s close, ahead of the trade update.
ESR-Reit: Its distribution per unit (DPU) fell 20.2 percent to 0.798 Singapore cents for the third quarter of this year, from a penny a year ago, ESR-Reit announced Friday morning. ESR-Reit units fell 4.2 percent or 1.5 Singapore cents to close at 34.5 cents on Thursday.
Japfa: The agri-food industrial company’s net profits for the first nine months of this year rose to $ 130 million, nearly six times more than $ 22.4 million a year ago, driven by its China dairy unit and business. pig in Vietnam. Shares of Japfa rose 0.5 percent from Singapore or 0.8 percent to close at 62.5 cents, before the results were released.
Ascott Residency Trust (ART): Long-term properties and domestic markets are expected to continue to drive their gradual recovery, managers of the staple hotel group said on Friday. They added that property valuations are likely to depress. Stocks stapled ART closed Thursday at 82.5 Singapore cents, losing 2.5 cents or 2.9 percent.
CDL Hotel Trusts (CDLHT): Its third-quarter net property income declined 57.4 percent year-over-year to S $ 15.2 million, as total revenue from prime leases and managed hotels declined 38.7 percent in their markets. CDLHT managers said in an operational update on Friday. The accountant lost S $ 0.03 or 2.9 percent to end Thursday at S $ 0.99.
Far East Hospitality Trust (FEHT): Staple group disposable income for distribution fell 31.9 percent to S $ 37.7 million during the first nine months of this year, from S $ 55.4 million in the same period last year, they said. FEHT managers on Friday. FEHT closed unchanged at 56.5 Singapore cents on Thursday.
Mapletree North Asia Business Trust (MNACT): Its DPU for the six months through Sept. 30 fell 26 percent on the year to 2,876 Singapore cents. Property’s net income fell 17.7 percent, mainly due to rent exemptions granted to tenants at the Festival Walk shopping center in Hong Kong. MNACT units closed two Singapore cents, or 2.2 percent down, at 88.5 cents, ahead of the announcement.
Industrial Reit that complies with the Sabana Sharia: His manager said Friday that 58 percent of gross rental income leases that expire in fiscal year 2020 have been renewed. Additionally, the manager expects rental contributions from New Tech Park’s asset improvement initiative to begin. starting in the second quarter of next year. The counter closed 2.8 percent or Singapore penny down at 34.5 cents.
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