SG stocks Wednesday: MNACT, CapitaLand China Trust, Keppel DC REIT, UOB, KORE

Gateway Plaza property, in Beijing, China, is part of Mapletree North Asia Commercial Trust's portfolio. Mapletree North Asia Commercial Trust (MNACT) and Mapletree Commercial Trust agreed in December 2021 to merge to form Mapletree Pan-Asia Commercial Trust. Credit: Mapletree North Asia Commercial TrustGateway Plaza property, in Beijing, China, is part of Mapletree North Asia Commercial Trust's portfolio. Mapletree North Asia Commercial Trust (MNACT) and Mapletree Commercial Trust agreed in December 2021 to merge to form Mapletree Pan-Asia Commercial Trust. Credit: Mapletree North Asia Commercial Trust

Singapore companies in focus on Wednesday, 20 April 2022:

  • Mapletree NAC Trust posts fiscal 2H net property income rose around 5 percent
  • CapitaLand China Trust: No merger plans with other CapitaLand Investment REITs
  • Keppel DC REIT reports 1Q22 net property income slipped

Others: UOB, KKR, United Hampshire US REIT and Keppel Pacific Oak US REIT (KORE).

Mapletree NAC Trust posts fiscal 2H net property income rose around 5 percent

Mapletree North Asia Commercial Trust, or MNACT, reported Tuesday its fiscal second half net property income rose 5.1 percent on-year to S$160.06 million, in part on contributions from the Hewlett-Packard Japan Headquarters Building (HPB) and lower rent relief at Festival Walk. 

The result beat a forecast from Daiwa.

CapitaLand China Trust: No merger plans with other CapitaLand Investment REITs

CapitaLand China Trust (CLCT) has no existing plans to merge with other CapitaLand Investment (CLI) REITs, the trust said in a filing to SGX Tuesday. 

Keppel DC REIT reports 1Q22 net property income slipped

Keppel DC REIT reported Tuesday its first quarter net property income slipped 1.4 percent on-year to S$60.13 million.

UOB Malaysia names first female CEO

UOB Malaysia has named its first woman to serve as chief executive officer, succeeding Wong Kim ChoongNg Wei Wei has been appointed CEO of UOB Malaysia, according to a statement, effective May 1.

United Hampshire US REIT lowers consideration for divestment of two self-storage properties

United Hampshire US REIT agreed to lower the consideration for the divestment of two self-storage properties to US$45.5 million from US$49 million, the REIT said in a filing to SGX Tuesday. 

Keppel Pacific Oak US REIT reports 1Q22 net property income rose nearly 7 percent

Keppel Pacific Oak US REIT (KORE) reported Tuesday its first quarter net property income rose 6.7 percent on-year to US$21.7 million on acquisitions in Nashville and Denver.

KKR completes acquisition of Twenty Anson

KKR has completed its acquisition of office property Twenty Anson, located in Singapore’s central business district (CBD), the global asset manager said in a press release Monday. 

Briefs

Singapore company briefs: Koh Brothers Eco Engineering, Daiwa House Logistics Trust, Keppel Infrastructure Trust and Singtel. Read more.

Singapore company briefs: Singtel and Raffles Education. Read more.

Singapore companies announcing executive changes: Yangzijiang Shipbuilding (Holdings) and Yangzijiang Financial Holdings (YZJFH). Read more.