<div id="readability-page-1"><div>[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 period.The 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. </div></div>

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On July 24, several companies in Singapore reported significant developments affecting their securities. ST Engineering secured contracts worth S$4.7 billion in Q2, while MPACT announced the sale of two office buildings in Japan for 8.7 billion yen. MLT's Q1 DPU fell 12.4% to S$0.01812, and Digital Core Reit maintained its DPU at US$0.018. Sabana Reit reported a 26.9% increase in DPU to S$0.017, and OUE Reit saw a 5.4% rise in DPU to S$0.0098. CNMC Goldmine anticipates significant profit improvements, and ST Group Food plans to liquidate its UK subsidiary.

Stocks to watch: ST Engineering, MPACT, MLT, Digital Core Reit, Sabana Reit, OUE Reit