Thursday, July 24, 2014

July 24: Cambridge REIT, CRCT, Pteris Global, Tiger Air

The Straits Times Index (STI) on Wednesday ended 23.79 points higher or +0.72% to 3340.70, taking the year-to-date performance to +5.55%. The top active stocks were DBS (+1.70%), Global Logistic (+2.21%), UOB (+1.31%), Wilmar Intl (+0.62%), Spackman (+2.15%). Here are some stocks and factors to watch this Thursday morning:

Cambridge Industrial Trust has announced a distribution per unit (DPU) of 1.251 cents for its second quarter ended 30 June 2014 (2Q2014). This is higher than the DPU of 1.240 cents paid out a year ago.

CapitaRetail China Trust (CRCT), announced a distribution per unit (DPU) for 2Q 2014 was 2.59 cents, an increase of 8.8% from the 2.38 cents for the corresponding period a year ago.

Lian Beng Group, the construction company cum developer, said it achieved record revenue and net profit of $753.9 million and $127 million respectively for its financial year ended 31 May 2014 (FY2014).

Ascendas REIT has announced a distribution per unit of 3.64 cents for the first quarter of this year. This is 2.5% higher than a year back.

Tiger Airways Holdings said on Thursday its first-quarter net loss reached $65.2 million from $32.8 million a year earlier, hurt by one-time costs related to the shutting down of its Indonesian venture.

Keppel Land said it posted a 12.3% rise in earnings for the 2Q ended June compared to a year ago. Net profit for 2Q came in at $107 million led by steady overseas sales offsetting a weaker Singapore residential market.

Shareholders of loss-making Pteris Global has voted in favour of a reverse takeover (RTO) deal that will see China International Marine Containers (CIMC) gain a controlling interest in Pteris.

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