4Q earnings

Netlink NBN Trust offers shelter against volatility: UOB

SINGAPORE (May 28): UOB Kay Hian is maintaining its “buy” call on Netlink NBN Trust (NLT), in line with consensus, as the stock offers an attractive shelter against external volatility.

This came on the back of NLT posting a 31% y-o-y rise in its 4Q19 earnings to $20 million, with DPU of 2.44 cents for the period from Oct 1, 2018 to Mar 31.

This brings the total DPU for FY19 to 4.88 cents, which exceeds projection by 5.2% and translates to a yield of 6.0%.

NetLink NBN posts 31% rise in 4Q earnings to $20 mil; declares 2.44 cents DPU

SINGAPORE (May 13): NetLink NBN Trust has declared a 4Q19 DPU of 2.44 cents for the period from Oct 1, 2018 to Mar 31.

This brings the total DPU for FY19 to 4.88 cents, which exceeds projection by 5.2% and translates to a yield of 6.0%.

4Q19 earnings increased 30.7% to $20 million, compared to $15.3 million in 4Q18.

Revenue for the quarter of $87.9 million was in line with forecast and 8.9% higher than $80.7 million a year ago.

SIA Engineering posts 12.3% drop in 4Q earnings to $49.3 mil; declares 8 cents final dividend

SINGAPORE (May 10): SIA Engineering reported 4Q19 earnings of $49.3 million, 12.3% lower compared to 4Q18 earnings of $56.2 million.

Excluding the $15 million gain on divestment of Asian Compressor Technology Services (ACTS), 4Q19 earnings would have been 19.7% higher

Revenue for the quarter came in at $256.0 million, 7.4% lesser than $276.4 million a year ago, mainly from lower fleet management activities.

Ascendas Hospitality Trust posts 2.9% increase in 4Q DPS to 1.77 cents

SINGAPORE (May 9): Ascendas Hospitality Trust (A-HTRUST) reported a 2.9% increase in its 4Q19 distribution per stapled security (DPS) to 1.77 cents, compared to 1.72 cents in 4Q18, as income available for distribution increased by 3.5% y-o-y to $20.1 million.

This was mainly attributed to full quarter contribution from the five hotels acquired during the financial year, lower net finance costs and partial distribution of the proceeds from the divestment of the two hotels in Beijing.

This brings FY19 DPS to 6.03 cents, 2.9% higher than 5.86 cents in FY18.

MNACT is one of DBS's best-performing S-REITs year to date

SINGAPORE (May 3): DBS Group Research is reiterating its “buy” call on Mapletree North Asia Commercial Trust (MNACT) with a higher target price of $1.60 from $1.45 previously.

The research house likes MNACT for its resilient and steady DPU profile combined with quality Grade A assets in Hong Kong, China and Japan. MNACT also remains to be the research house’s key picks and has been one of its best-performing S-REITs year to date.

Analysts like Mapletree Log on stable CWT situation, positive 4Q results

SINGAPORE (Apr 30): Analysts like Mapletree Logistics Trust (MLT) given its positive 4Q19 results, stable CWT situation and capital recycling strategy.

See: Analyst sentiments on Mapletree Logistics Trust turn lukewarm due to valuations

The manager of MLT on Apr 26 announced that its 4Q19 DPU of 2.024 cents, 4.5% y-o-y , as the amount distributable to unitholders increased by 23.8% y-o-y to $73.3 million.

AREIT posts 6.1% increase in 4Q DPU to 4.1 cents on higher revenue, lower non-property expenses

SINGAPORE (Apr 29): The manager of Ascendas REIT (AREIT) announced that its 4Q19 DPU has increased by 6.1% to 4.148 cents compared to 3.910 cents in 4Q18, with amount available for distribution increasing by 12.7% y-o-y to $129.0 million.

This brings FY19 DPU to 16.035 cents, 0.3% higher than 15.988 cents in FY18.

As at end March, the REIT’s total portfolio consists of 171 properties – 98 properties in Singapore, 35 properties in Australia and 38 properties in UK.

MLT posts 4.5% rise in 4Q DPU to 2.024 cents on higher revenue

SINGAPORE (Apr 26): The manager of Mapletree Logistics Trust (MLT) announced a 4.5% increase in 4Q19 DPU to 2.024 cents, compared to 1.937 cents in 4Q18.

Amount distributable to unitholders was 23.8% higher at $73.3 million from $59.2 million last year.

As at end-1Q19, there were about 3.6 million units issued, 18.4% higher than about 3.1 million units issued in the previous year.

On a final year basis, FY19 DPU was 7.941 cents, 4.2% higher than 7.618 cents in FY18.

Duty Free International posts 7.2% increase in 4Q earnings to $3.3 mil

SINGAPORE (Apr 25): Duty Free International (DFI) reported 4Q19 earnings of RM10 million ($3.3 million), 7.2% higher compared to RM9.3 million in 4Q18.

This brings FY19 earnings to RM46.5 million, 11.6% higher than RM41.7 million in FY18.

Revenue for the quarter was 0.6% lower at RM167.5 million from $168.6 million last year, mainly due to decrease in demand for certain products and change in sales mix.

Losses from changes in inventories narrowed by 83.2% y-o-y to RM5.2 million, while inventories purchased and material consumed increased by 29.6% to RM113.5 million.

Mapletree Commercial Trust posts 1.8% increase in 4Q DPU to 2.31 cents

SINGAPORE (Apr 24): The manager of Mapletree Commercial Trust (MCT) reported 4Q19 DPU of 2.31 cents, 1.8% higher than 2.27 cents in 4Q18.

Income available for distribution increased by 3.1% y-o-y to $66.9 million from $64.8 million a year ago.

This brings FY19 DPU to 9.14 cents, 1.1% higher than 9.04 cents recorded in FY18.

MCT’s current portfolio comprises five properties in Singapore, namely VivoCity, PSA Building, Mapletree Anson and Bank of America Merrill Lynch HarbourFront (MLHF).

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