Home THE DAILY EDGE Business Jan 21: Ascott, K-REIT Asia, ST Engineering
Jan 21: Ascott, K-REIT Asia, ST Engineering

Tags: Ascott Residence Trust | ComfortDelGro Corp. | K-Reit Asia | Keppel T&T | Keppel Tele & Tran | Mapletree Logistics Trust | ST Engineering | Suntec Real Estate Inv Trust | Suntec Reit

Written by Bloomberg   
Friday, 21 January 2011 08:40
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The following companies may have unusual price changes in Singapore trading. Stock symbols are in parentheses, and share prices are from the previous close.

Singapore’s Straits Times Index dropped 1.1% to 3,205.48.

Ascott Residence Trust (ART SP): The serviced apartment operator partly owned by CapitaLand (CAPL SP) said fourth- quarter distributable income doubled to $23.9 million from $11.5 million a year ago. The stock lost 0.8% to $1.22.

ComfortDelGro Corp. (CD SP): The biggest operator of taxis and busses in Singapore was raised to “buy” from “neutral” at Nomura Holdings Inc. The brokerage said it also increased its share-price estimate to $1.98 from $1.70. ComfortDelGro slid 1.8% to $1.60.

Keppel Telecommunications & Transportation (KPTT SP): The provider of logistics and telecommunications support services said full-year profit rose 17% to $62.1 million. The shares gained 0.7% to $1.42.

K-REIT Asia (KREIT SP): The office landlord partly owned by Keppel Land (KPLD SP) said fourth-quarter distributable income increased 19% to $23.2 million from a year ago. The stock was unchanged at $1.44.

Mapletree Logistics Trust (MLT SP): The Singapore-based industrial landlord said it will distribute $36.8 million of its income for the fourth quarter, compared with $31.8 million a year ago. The shares lost 0.5% to 98 cents.

Singapore Technologies Engineering
(STE SP): Asia’s biggest aircraft maintenance company said its aerospace division won maintenance orders worth $320 million in the fourth quarter of last year. ST Engineering, as the company is known, slid 1.5% to $3.29.

Suntec Real Estate Investment Trust (SUN SP): The property trust partly owned by billionaire Li Ka-shing will release its full-year results after market close today. The stock dropped 1.3% to $1.55.

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Last Updated on Friday, 21 January 2011 08:41