[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Jul 31):
Keppel: Asset manager Keppel saw net profit rise 24.2 per cent to S$377.7 million for the first half ended Jun 30, driven by growth in its real estate segment. The profit growth came even as revenue fell 5.2 per cent to S$3.1 billion. Revenue from the infrastructure segment fell 12 per cent to $2 billion, with lower net generation in the integrated power business. Keppel announced an interim dividend of S$0.15 per share – unchanged from the year-ago period. The counter finished Wednesday 0.3 per cent or S$0.02 higher at S$8.18.
Jardine Cycle & Carriage (JC&C): The group on Wednesday posted a 23 per cent decline in earnings to S$371.1 million for the first half of 2025, from S$483.3 million for the year-ago period. H1 revenue was up 1 per cent to US$10.8 billion, from US$10.7 billion. The board declared an interim dividend of US$0.28 per share, unchanged on the year, to be paid on Oct 3, 2025. Shares of JC&C fell 0.6 per cent or S$0.17 to S$27.35 on Wednesday, before the announcement.
Seatrium: The offshore and marine specialist marked the second H1 profit since its reconstitution in 2023. Its net profit for the six months ended Jun 30 grew 301.3 per cent to S$144.4 million, from S$36 million during the same period last year. This was led by a 33.7 per cent rise in revenue to S$5.4 billion, as well as a stronger gross margin. The counter closed Wednesday up 0.8 per cent or S$0.02 at S$2.40, after it announced it is paying fines totalling S$240 million to settle corruption offences.
Mapletree Pan Asia Commercial Trust (MPACT): The manager on Wednesday reported a 3.8 per cent fall in distribution per unit to S$0.0201 for Q1 FY2026, from S$0.0209 in the year-ago period. Revenue for the quarter ended June fell 7.6 per cent to S$218.6 million from S$236.7 million previously, due to lower contributions from most of its properties. Units of MPACT closed up 1.6 per cent or S$0.02 at S$1.31 on Wednesday.
Mapletree Logistics Trust (MLT): It entered into an agreement through its wholly owned South Korea-incorporated subsidiary to divest Mapletree Logistics Centre-Yeoju for eight billion won (S$7.4 million). The buyer is an unrelated third party. The sale price is 1.3 per cent higher than the property’s valuation of 7.9 billion won as at March, and will be satisfied in cash, the manager said on Wednesday. Units of MLT closed S$0.01 or 0.8 per cent lower at S$1.19 on Wednesday, before the announcement.
Sheng Siong: The supermarket operator reported a 3.5 per cent increase in H1 2025 net profit to S$72.3 million, from S$69.9 million the year-ago period. Revenue grew 7.1 per cent to S$764.7 million, from S$714.2 million, driven by the opening of 11 new stores in H1 of 2025 and in 2024. Sheng Siong shares closed down 0.5 per cent or S$0.01 at S$2.13 on Wednesday, before the announcement.
CapitaLand India Trust (Clint): The trust posted a higher net property income of S$113.6 million for the six months ended Jun 30, 2025. Total property income for the period increased by 10 per cent year on year to S$149.3 million, due to higher rental income from existing properties compared to H1 FY2024. Income available for distribution in H1 FY2025 rose 10 per cent year on year in Singapore dollar terms to S$59.6 million. Units of Clint ended Wednesday at S$1.17, up S$0.03 or 2.6 per cent, before the H1 results were posted.
Aims Apac Reit: It reported on Thursday a 0.4 per cent increase in distribution per unit of S$0.0228 for Q1 FY2026, from S$0.0227 in the same year-ago period. Distributions to unitholders also grew 1.1 per cent to S$18.6 million, from S$18.4 million. However, net property income fell slightly by 1 per cent year on year to S$34.1 million, from S$34.4 million. This was mainly due to temporary vacancy arising from the ongoing asset enhancement initiatives at 7 Clementi Loop. Units of Aims Apac Reit closed 1.5 per cent or S$0.02 higher at S$1.40 on Wednesday.
