SINGAPORE (Oct 27): Here are some stocks that could move the market this Friday morning:
Suntec REIT has announced distribution per unit (DPU) of 2.483 cents for the 3Q ended September, 2.1% lower compared to DPU of 2.535 cents a year ago. This was mainly due to an enlarged units base, which included approximately 95.7 million new units issued on May 29, 2017. Gross revenue grew 10.6% to $91.1 million. Units of Suntec REIT closed flat at $1.93 on Thursday.
See: Suntec REIT posts 2.1% decline in 3Q DPU to 2.483 cents on enlarged base
Viva Industrial Trust, the Singapore-focused business park and industrial property trust, has reported 3Q17 DPS increased by 5% to 1.90 cents from 1.81 cents a year ago. Gross revenue for 3Q17 increased 16.8% to $28.3 million attributed to extra revenue contributions of $1.9 million from 6 Chin Bee Avenue and $1.8 million from VBP across its retail and business park units. Units in Viva closed at 96 cents on Thursday.
See: Viva Industrial declares 3Q DPS of 1.90 cents, up 5% on year
CDL Hospitality Trusts announced a DPSS for 3Q17 of 2.29 cents, down 3% compared to 2.36 cents in 3Q16. Excluding the effect of the rights issue which was completed in August, DPS for 3Q17 would have been 2.74 cents, an increase of 12.3%. Revenue increased 20.7% to $54.8 million. Units in CDLHT closed at $1.65 on Thursday.
See: CDL Hospitality Trusts declares 3% lower 3Q DPSS of 2.29 cents on rights issue
Yoma Strategic Holdings reported a 56.8% decline in earnings to $3.7 million for 2Q, from $8.5 million a year ago. This was mainly due to the absence of the $14.7 million fair value gain on the telco towers investment recognised last year. Revenue grew 32.9% to $33.1 million in 2Q18. Shares of Yoma Strategic closed flat at 59 cents on Thursday.
See: Yoma's 2Q earnings halved to $3.7 mil on absence of one-off fair value gain
IndoAgri reported a 37% decline in 3Q17 earnings of Rp101 billion ($10.1 million) from a year ago. This came on the back of lower gross profit arising from higher fertiliser application, higher operating expenses and foreign currency fluctuations. 3Q17 revenue increased 5% to Rp3.7 trillion. Shares in IndoAgri closed 2 cents higher at 46 cents.
See: IndoAgri's 3Q earnings down 37% to $10.1 mil on higher expenses and forex
Tuan Sing, the property developer and investor and hotel owner, reported earnings for 3Q17 ended Sept fell 9% to $5.9 million, or 0.5 cent per share, from 3Q16. Revenue rose 12% to $101 million. Shares in Tuan Sing closed at 44 cents on Thursday.
See: Tuan Sing's 3Q earnings fall 9% to $5.9 mil as cost of sales widen
Sheng Siong Group, the grocery and fresh food supermarket retailing chain, announced 3Q17 earnings increased 25.7% to $19.7 million from a year ago. Revenue increased 4.2% to $210.9 million. Shares in Sheng Siong closed at 93 cents flat on Thursday.
See: Sheng Siong posts 25.7% increase in 3Q earnings to $19.7 mil
Starburst wholly-owned subsidiary Starburst Engineering has won a $6.6 million contract in the Middle East to design, supply and install ballistic protection works to a firearms training facility. Shares of Starburst closed 2 cents higher at 43.5 cents.
See: Starburst bags $6.6 mil contract in Middle East
Markets
Wall Street stocks finished mostly higher on Thursday following generally solid earnings and congressional progress on President Donald Trump's much-anticipated tax cut. The Dow Jones Industrial Average gained 0.3% to 23,400.86. The broad-based S&P 500 rose 0.1% to 2,560.40, while the tech-rich Nasdaq Composite Index dipped 0.1% to 6,556.77.
The benchmark Straits Times Index closed 12.37 points or 0.4% higher at 3,356.25. Some 1.8 billion shares worth $1.1 billion were traded. Losers outnumbered gainers 217 to 211.
