SG stocks Friday: CapitaLand Investment, Genting Singapore, SIA, DHLT, Sasseur REIT

A Singapore Airlines Scoot plane on the tarmac at Changi Airport in October 2018.A Singapore Airlines' Scoot plane at Changi Airport

Singapore companies in focus on Friday, 13 May 2022:

  • CapitaLand Investment reports 1Q22 revenue rose 16 percent
  • Genting Singapore reports 1Q22 net profit rose 17 percent
  • Executive moves: SIA’s Scoot taps new CEO

Others: Sasseur REIT and Daiwa House Logistics Trust (DHLT).

CapitaLand Investment reports 1Q22 revenue rose 16 percent

  • CapitaLand Investment (CLI) reported Thursday its first quarter revenue rose 16 percent on-year to S$598 million on growth in fee-related earnings (FRE) from fund management and lodging management.

Genting Singapore reports 1Q22 net profit rose 17 percent

  • Genting Singapore reported Thursday its first quarter net profit rose 17 percent on-year to S$40.38 million amid an increase in footfall at the Resorts World Sentosa integrated resort.

Executive moves: SIA’s Scoot taps new CEO

  • Singapore Airlines‘ low-cost carrier subsidiary Scoot has appointed Leslie Thng as CEO, effective 16 June, replacing Campbell Wilson, who has resigned, the carrier said in a filing to SGX Thursday.

Sasseur REIT reports 1Q22 EMA rental income rose 4.7 percent

  • Sasseur REIT reported Thursday its first quarter entrusted management agreement (EMA) rental income increased 4.7 percent on-year in Singapore dollar terms to S$33.8 million, boosted by the yuan’s appreciation against the Singapore dollar.

Daiwa House Logistics Trust reports 1Q22 net property income slightly above forecast

  • Daiwa House Logistics Trust reported Thursday its first quarter net property income came in at S$13.34 million, 1.4 percent above the forecast from its initial public offering (IPO) prospectus.

Briefs

Singapore company briefs: Chip Eng Seng and Singtel. Read more.