Yahoo Finance 
Stocks In Focus SG (CDL Hospitality Trust, GLP, Hutchinson Port Hldgs Trust) – 28/10/14
Ascendas India Trust’s net property income (NPI) gained 16.9 percent to $19.2 million for the second quarter ended 30 September, stemmed from rental income from Aviator which became operational in January and positive rental reversions from a few properties. Permeated by $4.6 million in unrealised foreign exchange gains, earnings advanced 147.7 percent to $12 million. The trust has declared distribution per unit of $0.024 for the six-month period.
Asiatravel.com Holdings announced its collaboration with TripAdvisor to participate in the latter’s new instant booking feature. The instant booking feature allows users to quickly and easily make hotel reservations through TripAdvisor partners. In addition, Asiatravel is currently working with TripAdvisor on a cost-per-click model for hotels within Asia. With the commission based model of instant booking, Asiatravel is confident to expand the number of hotels available outside Asia on the TripAdvisor site.
CDL Hospitality Trusts’ NPI was up 2.4 percent to $33.8 million for the third quarter ended 30 September, mainly driven by recognition of full revenue contribution from Jumeirah Dhevanafushi which was acquired on 31 December 2013. However, a 23.4 percent surge in financing costs dragged net income down by 5.6 percent to $24.1 million. For the nine-month period, NPI was flat at $101.9 million while earnings declined 3.8 percent to $74.4 million.
Global Logistic Properties proposed the disposal of 60 percent of shareholding interest in GLP Brazil Income Partners II for BRL926 million (approximately US$388 million). The latter is an investment fund incorporated under the Brazilian law which holds a portfolio of completed logistics assets in Brazil.
Hisaka Holdings posted a 6.7 percent decline in revenue for the fourth quarter ended 30 September, mainly attributable to weaker business conditions in the global manufacturing sector. In addition, net other credits sank 94.2 percent, particularly due to a reduction in reversal of allowance for impairment on inventories. This caused net profit to shrink 66.9 percent to $0.5 million. For the full year, revenue saw a modest gain of 3.8 percent to $35.3 million while net profit grew more than 200 percent to $1.3 million, mainly in absence of losses incurred from an associate in FY13.
Hutchinson Port Holdings Trust’s turnover edged up 1.7 percent to HK$3.4 billion for the third quarter ended 30 September, as a result of higher transshipment volume in Hong Kong International Terminals and Yantian International Container Terminals. However, a more than two-fold gain in taxation, led earnings to sink 9 percent to HK$490.7 million. For the nine months, revenue increased 1.8 percent to HK$9.4 billion and earnings gained 5.8 percent to HK$1.4 billion.
Second Chance Properties registered a 10.1 percent drop in revenue to $48.5 million for the year ended 31 August, mainly attributable to weaker performance at its apparel and gold business. Hampered further by a 99.3 percent decline in fair value gains on the company’s investment properties, net profit dropped 71.1 percent to $16.5 million. The company has declared a second and final dividend per share of $0.015.
More From Shares Investment:
