The Daily Edge
Mapletree Commercial Trust posts Q4 DPU of 1.953 cents PDF Print E-mail

Tags: Mapletree Commercial Trust

Written by Bloomberg   
Wednesday, 23 April 2014 20:01

Mapletree Commercial Trust reported a distribution per unit of 1.953 cents for its fourth quarter ended March. This is 12.4% higher than the DPU of 1.737 cents declared a year ago.

The distribution will be paid on June 5.

Gross revenue rose 12.9% to $68.6 million as a result of positive contributions from VivoCity, PSA Building and full-year contribution from Mapletree Anson, following its acquisition last February.

Net property income rose 15.2% to $50.8 million.


Last Updated on Wednesday, 23 April 2014 20:03
Singapore Exchange 3Q profit drops 22% on stock rout PDF Print E-mail

Tags: SGX | Singapore Exchange

Written by Bloomberg   
Wednesday, 23 April 2014 17:45

Singapore Exchange, the operator of Southeast Asia’s biggest equities bourse, said third-quarter profit fell 22% from a year earlier as equities trading volumes shrank following a penny-stock rout.

Profit dropped to $75.8 million in the three months ended March 31 from $97.67 million a year earlier, the company known as SGX said in a statement today. An average $71.8 million profit was forecast in a Bloomberg News survey of four analysts. Operating revenue slid 13% from a year earlier to $165.6 million, the statement shows.

Last Updated on Wednesday, 23 April 2014 17:48
Ballarpur said to prepare $314 mil IPO of unit in Singapore PDF Print E-mail

Tags: Ballarpur Industries

Written by Bloomberg   
Wednesday, 23 April 2014 16:40
Ballarpur Industries, the Indian paper maker controlled by Gautam Thapar, plans to raise about US$250 million ($314 million) in a Singapore listing of its international operations, said people with knowledge of the matter.
The company is working with Deutsche Bank AG on the deal, said the people, who asked not to be identified because the information is private. The share sale may take place in the second half, they said.
Last Updated on Wednesday, 23 April 2014 16:44
Singapore stocks led lower by banks, weak China manufacturing PDF Print E-mail

Tags: DBS | Keppel corp

Written by Reuters   
Wednesday, 23 April 2014 14:33
Singapore stocks fell on Wednesday, led lower by the banking sector, with sentiment muted after data from China showed manufacturing activity shrinking for a fourth straight month.
The benchmark Straits Times Index was down 0.6% at 3,258.6, on course for its biggest daily loss in nearly 5 weeks. MSCI’s broadest index of Asia-Pacific shares outside Japan shed 0.4%.
Last Updated on Wednesday, 23 April 2014 14:34
CapitaCommercial says space cunch to spur rents PDF Print E-mail

Tags: CapitaCommercial | Capitaland

Written by Bloomberg   
Wednesday, 23 April 2014 12:05
Singapore’s office rents are set to rise as much as 15% this year on increased demand and a dearth of new developments, said Lynette Leong, chief executive officer of CapitaCommercial Trust Management.
Global companies including Cargill Inc., the biggest U.S. agricultural firm, and Bordier & Cie, a Swiss private bank’s local subsidiary, are driving the recovery as they set up offices in the central business district, said Leong, whose company manages the biggest office trust in Asia outside Japan.
Last Updated on Wednesday, 23 April 2014 13:35
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