Latest news with #MLT
Business Times
a day ago
- Business
- Business Times
Stocks to watch: StarHub, Olam, CapitaLand Investment, Mapletree Logistics Trust, ComfortDelGro
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Aug 14): StarHub : The telco on Thursday reported a net profit of S$47.9 million for the first half ended Jun 30, 2025, sliding 41.7 per cent from S$82.1 million in the corresponding year-ago period. The drop included a one-off forfeiture payment of S$14.1 million for the return of certain spectrum rights. A more aggressive consumer market stance means StarHub's earnings before interest, taxes, depreciation and amortisation outlook for the financial year of 2025 has been revised down to 88 to 92 per cent of the 2024 figures. However, it still declared an interim dividend of S$0.03 per ordinary share for H1. Shares of StarHub closed up 0.85 per cent, or S$0.01, at S$1.19, before the announcement. Olam Group : The agri-business giant posted a 573.2 per cent rise in net profit to S$323.8 million for its first half year ended Jun 30, from S$48.1 million in the previous corresponding period, based on its financials released on Thursday. This includes profit from continuing operations of S$177.4 million, as compared to a new loss of S$91.9 million in the same period last year. The departing unit Olam Agri registered a net profit of S$146.4 million, up 4.6 per cent from S$140 million from H1 2024. Shares of Olam closed up 1 per cent, or S$0.01, at S$1.05 on Wednesday. CapitaLand Investment (CLI) : The group on Thursday posted net profit of S$287 million for H1 ended Jun 30, 2025, 13 per cent down from S$331 million in the year-ago period. Revenue for the period fell 24 per cent to S$1.04 billion, from S$1.37 billion. The declines were partly due to the deconsolidation of CapitaLand Ascott Trust, which is no longer a CLI subsidiary, alongside loss of contributions from divested assets in the US and China. Shares of CLI finished Wednesday 2.5 per cent or S$0.07 higher at S$2.82. Mapletree Logistics Trust (MLT) : The manager on the trust announced on Wednesday that it is set to divest its logistics asset in the Australian state of Victoria for A$60 million (S$50.4 million) to an unrelated third party. The property is located in Barnawartha North, and is directly accessible to Melbourne, Sydney, Canberra and Adelaide. It is a single-storey facility with a gross lettable area of around 57,440 square metres. The net sale price of A$60 million is 7.1 per cent above the latest valuation of A$56 million as at Mar 31, 2025, and will be satisfied in cash. Units of MLT closed 0.9 per cent or S$0.01 higher at S$1.16 before the announcement. ComfortDelGro : The transport operator on Wednesday posted a 11.2 per cent rise in earnings for the first half of 2025 to S$106 million , from S$95.3 million in the same period a year before. Its H1 revenue increased by 14.4 per cent to S$2.4 billion, from S$2.1 billion in the year prior, in light of contributions from its overseas revenue, which contributed more than half of its total revenue for the first time. An interim dividend of S$0.0391 per share was declared by the board, to be paid on Aug 28. The counter closed up 0.6 per cent or S$0.01 at S$1.58 before the announcement. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Food Empire : The F&B manufacturing and distribution group on Wednesday reported a net loss of US$1.5 million for the first half-year ended Jun 30 . This is a result of a US$32.6 million fair value loss on redeemable exchangeable notes issued by the group, as its share price rose significantly from the level at which the notes can be exchanged for shares. The group however declared its first-ever interim dividend of S$0.03 per share for the first time 'as a demonstration of strong business confidence', and will be paid out on Sept 10. Shares of Food Empire closed flat at S$2.40 before the news. Sasseur Reit : The manager of the Reit on Thursday said that its distribution per unit for the second quarter of FY2025 fell 3.1 per cent to S$0.03055, from S$0.03153 in the same period a year prior. Rental income under the Reit's entrusted management agreement (EMA) model stood at 336.2 million Chinese yuan in H1 2025, up 2.2 per cent year on year, underpinned by a solid rebound in second quarter sales. In Singapore dollar terms, EMA rental income declined 1.6 per cent year on year to S$61.3 million, primarily due to the 3.7 per cent year on year depreciation of the Chinese yuan. Distributable income stood at S$42.4 million for the period, down 0.6 per cent from S$42.7 miilion in H1 2024. Units of Sasseur Reit ended Wednesday 0.7 per cent or S$0.005 up at S$0.695 before the results release. Nanofilm Technologies : The company on Wednesday reported a net profit of S$1.6 million for the first half of the year , reversing from a net loss of S$3.7 million in the same year-ago period. Revenue increased by 29.6 per cent to S$107.2 million for the six months ended Jun 30, up from S$82.6 million the year before. This performance was led by the group's advanced materials and industrial equipment business units. The counter closed flat at S$0.755 before the announcement.
Business Times
2 days ago
- Business
- Business Times
Mapletree Logistics Trust to divest logistics property in Australia for A$60 million
[SINGAPORE] Mapletree Logistics Trust is to divest its logistics asset in the Australian state of Victoria for A$60 million (S$50.4 million) to an unrelated third party, the manager said in a statement on Wednesday (Aug 13). The property in Barnawartha North, on the border between Victoria and New South Wales, is directly accessible to Melbourne, Sydney, Canberra and Adelaide. It is a single-storey facility with a gross lettable area of around 57,440 square metres. It is leased to a single tenant and operates 24-hours to service Woolworths' network of supermarkets in northern Victoria, southern New South Wales and Canberra. The net sale price of A$60 million is 7.1 per cent above the latest valuation of A$56 million as at Mar 31, 2025, and will be satisfied in cash. Jean Kam, the chief executive officer of the manager, said that divestment is consistent with the manager's proactive portfolio rejuvenation strategy, and in line with its ongoing efforts to mitigate single-tenant risk. 'Capital released from the divestment will provide MLT with greater financial flexibility to pursue investment opportunities in high-specification, modern logistics facilities offering higher growth potential,' the manager said in its statement. The proposed divestment is expected to be completed by Q3 of FY2025. It is not expected to have a material impact on MLT's net asset value and net property income for FY2025. MLT units closed 0.9 per cent or S$0.01 higher at S$1.16 on Wednesday, before the announcement.
Business Times
24-07-2025
- Business
- Business Times
Stocks to watch: ST Engineering, MPACT, MLT, Digital Core Reit, Sabana Reit, OUE Reit
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Jul 24): ST Engineering : The group on Wednesday announced that it won new contracts valued at S$4.7 billion in Q2 of this year. These comprise S$1.5 billion from the commercial aerospace segment, S$1.5 billion from the defence and public security segment and S$1.7 billion from the urban solutions and satcom segment. Shares of ST Engineering closed down 2.13 per cent or S$0.18 at S$8.27 before the news. Mapletree Pan Asia Commercial Trust (MPACT) : The manager of MPACT said on Wednesday that it will be selling two office buildings in Japan for 8.7 billion yen (S$78.7 million). These buildings are Abas Shin-Yokohoma, which will be divested at 3.3 billion yen, and TS Ikebukuro Building, which will be sold for 5.4 billion yen. The consideration represents a 1.7 per cent premium against the aggregate purchase price of 8.6 billion yen. Units of MPACT ended flat at S$1.28 on Wednesday before the announcement. Mapletree Logistics Trust (MLT) : The manager of MLT announced on Wednesday that its distribution per unit (DPU) for Q1 ended June fell 12.4 per cent to S$0.01812, from S$0.02068 in the same corresponding period a year prior. Distributable income also declined 11.3 per cent to S$92 million in Q1, from S$103.7 million in the same year-ago period amid higher borrowing costs. The distribution will be paid out on Sep 10, after the record date on Jul 31. Units of MLT ended 0.8 per cent or S$0.01 up at S$1.21, before the results were posted. Digital Core Reit : The manager of the Digital Core Reit on Wednesday posted a DPU of US$0.018 for the first half ended Jun 30. This was unchanged from the same period a year prior, even as the Reit's distributable income rose 3.5 per cent to US$23.4 million, from US$22.6 million in H1 FY2024. The distribution will be paid on Sep 18, after the record date on Jul 31. Its units ended Wednesday 0.9 per cent or US$0.005 down at US$0.555, before the results were released. Sabana Industrial Reit : The manager of Sabana Reit reported a DPU of S$0.017 for the first half of its fiscal year ended Jun 30, up 26.9 per cent from S$0.0134 in the same year-ago total income available for distribution grew to S$21.1 million, up 26.8 per cent from S$16.6 million in the same year-ago period. However, with the retention of around 10 per cent of distributable income – to fund costs incurred including those related to the internalisation of its manager function – the final distribution amount declared per unit is S$0.017. The counter closed at S$0.41, up S$0.01 or 2.5 per cent on Wednesday, before the news. OUE Reit : OUE Reit reported a DPU of S$0.0098 for H1 ended Jun 30, up 5.4 per cent from S$0.0093 in the corresponding year-ago period. The growth reflects effective capital management and the resilience of its diversified Singapore portfolio, its manager said in a Wednesday evening bourse filing. Distributable income stood at S$54.3 million, 5.9 per cent higher than H1 2024's S$51.3 million. Its units closed flat at S$0.31 on Wednesday, before the announcement. CNMC Goldmine : The group on Wednesday announced that it expects significant year-on-year net profit improvements for its first half ended June. This comes as a preliminary review of its financials shows significant improvements, attributable to higher realised prices for gold and silver as well as increased production output at some of its plants. The company will post its earnings on or before Aug 14. The counter finished Wednesday 3.3 per cent or S$0.015 higher at S$0.475. ST Group Food : The company on Wednesday said it plans to liquidate its indirect UK subsidiary, GCTea Outlets 2B, which currently operates a food and beverage outlet under the Gong Cha brand in the country. This comes as part of its plans to exit from the Gong Cha Brand in the UK, as the unit has been loss-making and is in a net liabilities position as at end December 2024. The counter finished Wednesday unchanged at S$0.145.
Otago Daily Times
16-07-2025
- Entertainment
- Otago Daily Times
Dinner show stalwart given recognition
Gore Rotary Club president Russell Welsh gives Viv Beaton her $100 voucher from the MLT for being named volunteer of the month last week. PHOTO: SUPPLIED A Balfour woman has been recognised for helping to bring a smile to the faces of her small rural hamlet for 25 years. Viv Beaton was named Gore Rotary Club's volunteer of the month last week for her work organising the Balfour Dinner Theatre every year. Ms Beaton has been told by some people that they went home from the show with their face muscles aching from laughter. She had also heard feedback from others that while watching the show, they were totally immersed. "They don't think about things for the two or three hours that they're there," she said. "It's a pretty cool thing, really." Rotary president Russell Welsh said it was the organisation's job to highlight unsung heroes of the community. "That's what makes community," he said. Ms Beaton said the dinner theatre was a team effort that she facilitated. There was an organising committee of five alongside all the other volunteers who helped backstage with the bar and other jobs. They always tried to do a midwinter show and this year's was a musical called the Great Australian Rock Show. "It went down really well," she said. The show had a cast of 15, with players coming from various nearby catchments to play roles. It was really good to have some new talent, Ms Young said, alongside the more seasoned performers. "We've all got a quirky sense of humour. "We're not afraid to put it out there." Catering and takeaway shop Churchy's owner Tony Parish provided the dinner for this year's occasion. "He puts on a fantastic meal," Ms Beaton said. They charged for the meal, which covered the cost of their expenses, such as hiring the venue, lighting and sound. They were also lucky to have sponsors which had been with them since the beginning, she said. Ms Beaton is a farmer, but their group features nurses, teachers — all different careers and age groups. "That's what I love about it. "You just catch up with such a diverse range of people in the district."
Scoop
28-06-2025
- Automotive
- Scoop
Club Milestone At Barry Robinson Memorial Wyndham Rally
The Barry Robinson Memorial Wyndham Rally returns to the roads of the area on Saturday 2 August. The rally, which remembers the feats of the Mokereta farmer who was a very successful rally driver including finishing runner-up in the 1983 New Zealand Rally Championship, was instigated by the Eastern Southland Car Club in 2023. In addition to remembering Robinson, this year's event will also mark 50 years since the club held its first special stage rally, a Gore based event in March 1975. There are slight changes to the route of this year's event with an extra Special Stage increasing the length of high-speed competition to 137.15 kilometres and many of the stages to be contested in a different sequence this year. As usual the rally is based around the township of Wyndham, 45 kilometres east of Invercargill and 25km south of Gore. It will start at the MLT Three Rivers Hotel in Redan Street, Wyndham at 9.00am on Saturday 2 August with the first Special Stage at Tuturau over 21.15km. Wyndham Valley, over 17.49km is the second stage before the 28.12km Waikawa Valley stage. Pine Bush, over 25.99km is next with a new stage, the 13.95km Graham Road, next before the final 30.45km Fortification stage. Assistant Clerk of the Course, Roger Laird says, 'having driven the route twice with Clerk of the Course Craig Jessop, as we did checks and alterations for the Rally Safe system the new formation of stages drive really well and I am sure competitors will enjoy it. Craig has done a huge amount of work in creating the new route.' The first car is expected to cross the finish line back at the MLT Three Rivers Hotel in Wyndham just before 3.30pm. During the day there will be three service parks – the first in Wyndham after Stage 1 and two in Tokanui, approximately 44 km from Wyndham, the first after Stage 3 and then again after Stage 5. The event will be Round 4 of the Mainland Rally Championship, Round 4 of the H6 Cup Rally Series and the opening round of the 2025/2026 Eastern Southland Car Club Rally Championship Cup. Sponsors this year include Traffic Management Services and Yuasa Batteries with support from the Southland District Council, Gore District Council and the landowners on the rally route. The event prizegiving will take place in Gore at the MLT Croydon Lodge with the winning crew awarded the Barry Robinson Memorial Trophy. The leading Otago Sports Car Club driver in the event receives the Glen Shirlaw Memorial Trophy while the best crew in class from the Central Otago Motorsport Club win the Barry Robinson Trophy or if no crew finishes it will go to the top driver from the club.
