Stocks to watch: SGX, CLCT, CapitaLand China Trust, Frasers Hospitality Trust

THE following companies saw new developments that may affect trading of their securities on Thursday (Feb 6): 

Singapore Exchange: The local bourse’s net profit for the first half ended December rose 20.7 per cent to S$340 million, from S$281.6 million in the previous corresponding period. The increase in bottom line was partly driven by the group’s cash equities and equity derivatives segment, SGX said on Thursday. Its board has also declared an interim quarterly dividend of S$0.09 per share. Shares of SGX closed 0.8 per cent or S$0.10 higher at S$12.43 on Wednesday.

CapitaLand China Trust (CLCT): The manager on Thursday posted a 12 per cent decline in distribution per unit (DPU) to S$0.0264 for the second half ended Dec 31, from S$0.03 in the year-ago period. This brings total DPU for FY2024 to S$0.0565, down 16.2 per cent year on year. Based on the closing price of S$0.73 per unit on Feb 5, CLCT’s distribution yield for the full year was 7.7 per cent. CLCT’s units closed 0.7 per cent or S$0.005 higher at S$0.73 on Wednesday.

CapitaLand Investment (CLI): Its Bursa Malaysia-listed subsidiary CapitaLand Malaysia Trust (CLMT) inked a conditional agreement to buy three freehold industrial properties in the Johor-Singapore Special Economic Zone (SEZ). The properties are located in the SEZ’s industrial and manufacturing hub Senai Airport City. The purchase for a RM72 million (S$22 million) cash consideration will expand CLMT’s industrial and logistics portfolio to include nine properties, and will be financed through existing debt facilities. Shares of CLI closed down 0.4 per cent or S$0.01 at S$2.45 on Wednesday, before the announcement. 

Frasers Hospitality Trust (FHT): The stapled group recorded an improved revenue per available room (RevPAR) in the first quarter ended Dec 31, 2024, amid sustained travel demand. Its key markets all logged higher RevPAR with Japan posting the largest rise of 18.3 per cent to 12,193 yen (S$107.63) from 10,310 yen in the year-ago period, it said on Wednesday. Stapled securities of FHT closed S$0.005 or 0.9 per cent higher at S$0.575 on Wednesday.