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Stocks to watch: SIA Engineering, Parkway Life Reit, Lendlease Reit, Aims Apac Reit, Manulife US Reit

Stocks to watch: SIA Engineering, Parkway Life Reit, Lendlease Reit, Aims Apac Reit, Manulife US Reit

By Kim Browne

Culture

The following companies saw new developments that may affect trading of their securities on Wednesday (Nov 5):

SIA Engineering: The company posted a 13.5 per cent improvement in net profit to S$40.4 million for the second quarter ended September, it said on Tuesday. The increase in revenue to S$370.6 million outpaced that in expenditure and contributions from associated and joint-venture companies rose. Shares of SIA Engineering closed S$0.08 or 2.3 per cent down at S$3.47 on Tuesday, before its financial results were published.

Parkway Life Reit: The manager of the real estate investment trust (Reit) raised third-quarter distribution per unit (DPU) by 2.3 per cent to S$0.1156 from S$0.113 in Q3 2024. Distributable income rose 10.4 per cent to S$75.4 million and revenue climbed 8.2 per cent to about S$117.3 million, boosting net property income by 8.1 per cent. Units of Parkway Life Reit fell 1 per cent or S$0.04 to close at S$4.03 on Tuesday.

Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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Stocks to watch: SIA Engineering, Parkway Life Reit, Lendlease Reit, Aims Apac Reit, Manulife US Reit | Grazia British