Saturday, September 6, 2025
  • Login
Forbes 40under40
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
Forbes 40under40
No Result
View All Result
Home Lifestyle

Stocks to watch: CapitaLand Investment, Keppel DC Reit, Nam Cheong, Kore

by Mark Darwin
in Lifestyle
Stocks to watch: CapitaLand Investment, Keppel DC Reit, Nam Cheong, Kore
Share on FacebookShare on Twitter


[SINGAPORE] The following companies saw new developments that may affect trading of its securities on Thursday (Apr 17).

CapitaLand Investment (CLI): The real estate investment manager announced on Thursday that it intends to launch its first real estate investment trust (Reit) in China, to be named CapitaLand Commercial C-Reit (CLCR). CLI applied to register the Reit with the China Securities Regulatory Commission, and applied to list the Reit on the Shanghai Stock Exchange. The listing would mark the first internationally sponsored retail China Reit and the first such China Reit by a Singapore-based company once approved. CLCR will be seeded with the mature assets CapitaMall Sky+ in Guangzhou and CapitaMall Yuhuating in Changsha, with a combined value of about 2.8 billion yuan (S$499.2 million) and a total gross floor area of 168,405 square metres. Shares of CapitaLand Investment closed 2 per cent or S$0.05 higher at S$2.54 on Wednesday.

Keppel DC Reit: The manager on Thursday posted a higher first-quarter distribution per unit of S$0.02503, up 14.2 per cent from S$0.02192 year on year on contributions from acquisitions and strong portfolio performance. Gross revenue for the quarter climbed 22.6 per cent to S$102.2 million from S$83.4 million previously. Units of Keppel DC Reit closed 3 per cent or S$0.06 higher at S$2.05 on Wednesday.

Nam Cheong: The Sarawak-based offshore marine company has secured vessel charter contracts worth up to RM317.1 million (S$94.5 million) from regional oil majors. The multi-year agreements have a firm charter period of up to two years, with options for further extension, it said on Wednesday. Seven anchor handling tug supply vessels will be deployed in Malaysian and Thai waters to support offshore operations, including towing, anchoring and logistics. Nam Cheong’s shares closed 2.9 per cent or S$0.015 higher at S$0.54 on Wednesday, before the announcement.

Keppel Pacific Oak US Reit (Kore): The manager on Thursday posted a distributable income of US$9.6 million for its first quarter ended Mar 31, down 19.3 per cent from US$11.9 million in the previous corresponding period. This decline was mainly due to a lower adjusted net property income, in light of lower rental income from higher free rents due to timing differences in various leases completed for the respective periods. Units of Kore ended 1.6 per cent or US$0.003 lower at US$0.182 on Wednesday.

Copyright SPH Media. All rights reserved.

Tags: CapitaLandCheongInvestmentKeppelKoreNamReitStocksWatch
Mark Darwin

Mark Darwin

Next Post
China stares down Boeing parts shortage as Comac stockpiles

China stares down Boeing parts shortage as Comac stockpiles

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Forbes 40under40 stands as a distinguished platform revered for its commitment to honoring and applauding the remarkable achievements of exceptional individuals who have yet to reach the age of 40. This esteemed initiative serves as a beacon of inspiration, spotlighting trailblazers across various industries and domains, showcasing their innovation, leadership, and impact on a global scale.

 
 
 
 

NEWS

  • Forbes Magazine
  • Technology
  • Innovation
  • Money
  • Leadership
  • Real Estate
  • Lifestyle
Instagram Facebook Youtube

© 2025 Forbes 40under40. All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle

© 2024 Forbes 40under40. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In