Stocks to watch: CapitaLand Commercial Trust, Keppel T&T, Frasers Hospitality Trust, Mapletree Commercial Trust

The Singapore Exchange centre at Shenton Way. PHOTO: ST FILE

SINGAPORE - The following companies saw new developments that may affect trading of their shares on Thursday (Jan 25):

CapitaLand Commercial Trust (CCT): CCT, which earns income through commercial properties such as Capital Tower and Six Battery Road, on Thursday reported a 13 per cent fall in its distribution per unit (DPU) for its fiscal fourth quarter. DPU for the three months ended Dec 31, 2017 stood at 2.08 Singapore cents, down from 2.39 Singapore cents from a year ago. Net property income fell 4 per cent to S$68 million, due to divestments of its stake in One George Street, Golden Shoe Car Park and Wilkie Edge. CCT units closed at S$1.91 on Wednesday.

Keppel Telecommunications & Transportation (Keppel T&T): Fair value gains from the reclassification of an associated firm helped send earnings at Keppel T&T up by more than four times during the fourth quarter. The firm on Wednesday posted a net profit of S$17.1 million for the three months ended Dec 31 - 456.4 per cent higher than the S$3.1 million from the same period a year earlier. For the quarter, earnings per share shot up 416.7 per cent to 3.1 Singapore cents. Keppel T&T has proposed a final dividend of 3.5 Singapore cents per share, 22.2 per cent lower than the 4.5 Singapore cents last year. The stock closed 0.6 per cent, or one Singapore cent higher at S$1.70 on Wednesday, before the results were announced.

Frasers Hospitality Trust (FHT): FHT posted a 1.1 per cent year-on-year dip in distribution per stapled security to 1.3107 Singapore cents for the first quarter ended Dec 31, 2017, owing to a higher stapled security base. Gross revenue rose 4.8 per cent year on year to S$41.5 million, while net property income increased 3.1 per cent to S$31.4 million. The increase in both came on the back of better performances in all its country portfolios, except the United Kingdom, said FHT. Units of FHT closed at S$0.825 on Wednesday.

Mapletree Commercial Trust (MCT): The retail landlord on Wednesday posted a 1.3 per cent increase in income available for distribution to S$66.5 million for its third quarter ended Dec 31, 2017. DPU also rose to 2.3 Singapore cents, up from 2.28 Singapore cents a year ago. This will be paid on Feb 28; the books closure date is Feb 1. Revenue for the quarter rose 0.8 per cent to S$109.7 million, while net property income rose 1.9 per cent to S$86 million, mainly due to higher contributions from VivoCity and Mapletree Business City I. Units of the trust added one Singapore cent to close at S$1.66 on Wednesday.

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