Singapore stock watch: CCT, FCT, Suntec Reit, MLT, MIT, Kimly, Addvalue

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Singapore stock watch: CCT, MLT, MIT, Kimly, Addvalue Tech

SINGAPORE - The following companies saw new developments that may affect trading of their shares on Wednesday :

Frasers Centrepoint Trust : Its fourth-quarter DPU grew 1.8 per cent year on year to 2.913 cents, bringing the total DPU for fiscal 2019 to a new high of 12.07 cents. Distribution to unitholders surged 22.6 per cent to $32.6 million for Q4. Units of FCT were trading flat at $2.73 as at 9.10am on Wednesday, after the results were released.

Mapletree Logistics Trust : MLT on Wednesday said that its overnight placement was over 13 times covered, with the issue price fixed at $1.617 per new unit, at the top end of initial indications. The trust added that it would raise about $250 million from the issue of 154.6 million units. Trading of the new units on the Singapore Exchange is expected to start at 9am on Nov 1.

 

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