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Stock Headliners You Need To Know
Headliners | 22 January 2015
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By: Tan Jia Hui
Articles (82) Profile

CapitaCommercial Trust reported a 3.1% increase in gross revenue to $66.4m in 4Q14, driven by higher rental rates and occupancies. Consequently, net property income rose 3% to $50.6m, while distributable income to unitholders rose 5.7% to $63.6m. Distribution per unit (DPU) rose 2.9% to $0.0215 for the quarter, bringing total FY14 DPU to $0.0846.

Keppel Infrastructure Trust’s FY14 revenue fell 2.5% to $65.5m, mainly due to lower production of NEWater and lower power tariff arising from changes in fuel price, partially offset by higher output from the waste-to-energy plants and higher operations and maintenance tariffs. Operating margin fell 1.9 percentage points to 20% in FY14. Consequently, net profit fell 10.4% to $12.7m although DPU for FY14 remained unchanged at $0.0782.

Keppel Land has signed a conditional agreement for a 4.6-hectare site for IDR381.9b (approximately $40.2m) in West Jakarta. The company will subsequently enter into a sales and purchase agreement for the site to be developed as a high-rise condominium. The site is strategically located within the growth corridor of West Jakarta, with accessibility to business districts, lifestyle hubs and a 15-minute drive to the Soekarno-Hatta International Airport.

Keppel REIT’s FY14 property income rose 5.8% to $184.1m, despite the absence of contribution from Prudential Tower which was divested in Sep-14. Net property income margin rose 2.8 percentage points to 82.3% in FY14. However, a 31.4% decline in rental support and higher interest expenses caused income available for distribution to fall 3.7% to $206.1m. Subsequently, FY14 DPU fell 8.2% to $0.0723.

Keppel Telecommunications & Transportation reported a 34.6% growth in turnover to $224.6m for FY14, due to higher revenue from its data centre and logistics divisions. Net profit almost quadrupled to $246.6m, which included a one-off gain from disposal gain of data centre assets and higher share of results from associated companies. A special dividend per share of $0.115 was declared above the final dividend per share of $0.035.

Lian Beng Group doubled its net profit to $35.5m for 1H15, largely due to the sharp rise in its share of results of associates and joint ventures. Revenue surged 26.1% to $367.6m, driven by higher income from its construction segment and workers’ dormitory business, which also contributed to stronger earnings. The group has declared a dividend per share of $0.01 for the period.

M1 reported a 24.3% jump in 4Q14 operating revenue to $346.4m, largely due to an 88.7% rise in handset sales. Net profit for the quarter grew at a slower pace of 9.9% to $44.5m as profitability was eroded by higher handset costs, the main culprit behind the $60.3m rise in operating expenses. A final cash dividend per share of $0.119 has been declared, with total dividends payout for FY14 amounting to $0.189 per share.

Mapletree Industrial Trust reported a 3.3% increase in 3Q15 gross revenue to $78.1m, attributable to higher rental rates of renewal leases, as well as contributions from its completed development projects. Net property income expanded 5.4% to $58m as overall operating expenses contracted. Amount available for distribution rose by 9% to $46m despite a fall in interest income and a rise in borrowing costs. As a result, 3Q15 DPU grew by 6.4% to $0.0267.

Mapletree Logistics Trust’s 3Q15 revenue rose 6.2% to $82.9m, due to contributions from 6 properties acquired in China, Singapore, Malaysia and South Korea in FY15, as well as contribution from Mapletree Benoi Logistics Hub and higher revenue from existing Singapore assets. Net property income margin fell 2.5 percentage points from to 83.8% in 3Q15. Total amount distributable to unitholders for the period rose 2.7% to $46.2m. For the quarter, DPU increased by 1.6% to $0.0187.

Armed with a bachelor in mathematics, Jia Hui keeps close tabs on the oil & gas, and manufacturing sectors in Singapore.

Please click here for more information about this author.

CapitaLand Commercial Trust  1.780 -0.010 -0.56%   
Business: Co is a real estate investment trust.

Insight: Oct-18, 9M18 gross revenue was 17.4% higher at $29... Read More
Keppel REIT  1.190 +0.030 +2.59%   
Business: Real Estate Invs Trust. Invs in a portfolio of quality real estate and real estate related assets.

Insight: Oct-18, 9M18 property income rose 6.6% mainly due ... Read More
Keppel Telecommunications & Transportation  1.860 -- --   
Business: An investment holding & management company engaged in logistics, data centre and investments. [FY17 Turnover] Logistics (79.7%), data centre (20.3%).

Insight: Oct-18, 9M18 revenue rose 2% mainly due to higher ... Read More
Lian Beng Group  0.480 -- --   
Business: A construction co with integrated civil engineering & support service capabilities. [FY18 Turnover] Construction (43.6%), mfg of concrete (24.4%), ppty development (14.5%), dormitory (9.1%), investment holding (8.3%), engineering & leasing of machinery (0.1%).

Insight: Oct-18, 1Q19 revenue rose 15.9% mainly due to incr... Read More
M1  2.110 +0.01 +0.48%   
Business: [FY17 Turnover] Mobile telecom svcs (60%), handset sales (22.7%), fixed svcs (12.1%), int'l call svcs (5.2%).

Insight: Oct-18, 9M18 operating revenue rose 4.1% mainly du... Read More
Mapletree Industrial Trust  1.950 +0.020 +1.04%   
Business: A REIT that invest in industrial ppties in S'pore.

Insight: Oct-18, 1H19 gross revenue rose 1.3% mainly due to... Read More
Mapletree Logistics Trust  1.300 -0.010 -0.76%   
Business: Real Estate Invs Trust. Invs in logistics ppties. [FY18 Geographical] S'pore (36%), HK (19%), Japan (16.2%), Australia (9.2%), S.Korea (6.9%), China (6.6%), Malaysia (4.3%), Vietnam (1.8%).

Insight: Oct-18, 1H19 gross revenue rose 11.9% mainly due t... Read More


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