Thursday, April 24, 2014

Apr 24: SGX, SingTel, Ascott REIT

Singapore's share prices ended 0.6% lower on Wednesday on profit-taking. The blue-chip Straits Times Index (STI) fell 19.52 points to end at 3,258.01, retreating from a near 11-month closing high in the previous session. Here are some stocks that could move the market this Thursday morning:

Singapore Exchange reported a 22% fall in net profit on Wednesday, hit by a continued slide in share trading volumes, though a steady performance by its derivatives, listings and market data businesses meant it fared better than analysts expected.

Singapore Telecommunications (SingTel) announced on Thursday that its subsidiary SingTel Innov8 will buy an additional 189,931 shares from video analytics company Kai Square for $1.95 million.

Ascott Residence Trust's (Ascott REIT) announced on Thursday a distribution per unit (DPU) of 1.75 cents for the first quarter 2014. The DPU is 5% higher than the adjusted DPU of 1.67 cents a year ago which was adjusted for the effects from a rights issue in December 2013 and excluded a one-off realised foreign exchange gain of $8.1 million in 1Q 2013.

Cache Logistics Trust on Wednesday posted a distribution per unit (DPU) of 2.14 cents for its first quarter ended March 31, 2014, a 4.2% drop from 2.234 cents a year ago.

Mapletree Commercial Trust on Wednesday reported a distribution per unit of 1.953 cents for its fourth quarter ended March 31, 2014, up 12.4% from 1.737 cents a year ago.

CapitaRetail China Trust (CRCT) said on Thursday that its distribution per unit (DPU) for the first quarter of 2014 was 2.40 cents, an increase of 3.9% from a year ago.

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