The following companies saw new developments that may affect trading of their securities on Tuesday (Nov 1):
Parkway Life Reit on Tuesday (Nov 1) posted a 0.1 per cent rise in net property income to S$82.8 million in its third quarter ended Sep 30, from S$82.7 million in the same period a year ago.
Gross revenue, meanwhile, was down 1.3 per cent to S$89 million, weighed by the depreciation of the Japanese yen and loss of income from the divestment of a non-core asset in 2021, according to a business update. In Q3 2021, gross revenue stood at S$90.1 million.
Capitaland Ascendas Reit posted a positive rental reversion of 5.4 per cent for lease renewals in Q3 ended September, down from 13.2 per cent in Q2, the manager announced in a quarterly business update on Monday (Oct 31).
It expects rental reversion for FY2022 to be in the “positive mid-single digit range”. In the year to date, rental reversion stands at 8 per cent.
Agri-Food company Japfa posted a net profit of US$46.3 million for the first nine months ended September, down 59 per cent from a net profit of US$113.9 million in the year-ago period.
This comes despite a 10 per cent increase in revenue to US$3.7 billion for 9M FY2022, which was mainly driven by higher sales volume across all segments, up from US$3.4 billion the year before, the group said in a bourse filing on Monday (Oct 31).
Mainboard-Listed restaurant operator Sakae Holdings has suspended its share buyback after its chief financial officer (CFO) Tan Yiok Ping wrongly bought back the company’s shares at S$0.118, above the maximum allowed price of S$0.104.
On Oct 27, Tan had queued the purchase of shares, at a share buyback purchase price of up to S$0.118, through the company’s account with UOB Kay Hian.