THE following companies saw new developments that may affect trading of their securities on Friday (Apr 26):
CapitaLand Investment : 9CI 0% (CLI): The real estate investment manager on Friday reported total revenue of S$650 million for Q1, down 0.2 per cent year on year from S$651 million. While fee-income-related business revenue rose 7 per cent to S$274 million, its real estate investment business revenue fell 4 per cent to S$430 million on asset divestments and lower tech demand that affected revenue from its lodging platform, Synergy. CLI closed on Thursday S$0.02 or 0.8 per cent down at S$2.63.
Great Eastern : G07 +0.21%: The insurance company’s chairman, Soon Tit Koon, appealed for shareholders to remain patient in response to repeated shareholder comments on the decline in Great Eastern’s total shareholder returns. At the group’s annual general meeting on Thursday, he said the board has already taken measures to boost returns such as changing its dividend policy to pay out dividends half yearly, and targeting a full-year payout based on the sustainable profit level of the insurer. Shares of Great Eastern closed 0.7 per cent or S$0.12 higher at S$18.62 on Thursday.