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Singapore Share Market Update

Singapore, here are some stocks to watch this Tuesday morning

Parkway Life REIT’s (PLife REIT) manager today posted a distribution per unit (DPU) of 3.28 cents for the first quarter ended March 31, up 9.6% from the 2.99 cents declared a year ago. Units of PLife REIT closed flat at $2.53 on Monday.

The manager of Frasers Centrepoint Trust (FCT) has declared a 2Q17 distribution per unit (DPU) of 3.04 cents, unchanged from a year ago. Gross revenue for the quarter declined 2.9% on-year to $45.7 million $47.1 million in the previous year. Units of FCT closed 4 cents higher at $2.12 on Monday.

CapitaLand today announced several key executive appointments from May 1that will support the next phase of leadership and business excellence in the group. Ronald Tay will be appointed the Chief Executive Officer of CapitaLand Singapore and a key management personnel of CapitaLand Group. Shares of CapitaLand closed at $3.62.

The manager of Cambridge Industrial Trust (CIT) has declared a 1Q17 distribution per unit (DPU) of 1.004 cent, a 9.7% decrease from 1.112 cent in the previous year. Units of CIT closed flat at 58 cents on Monday.

The manager of Mapletree Industrial Trust (MIT) has announced a 2.5% y-o-y rise in 4Q distribution per unit (DPU) to 2.88 cents. This brings DPU for FY16/17 to 11.39 cents, 2.2% higher than the previous year’s DPU of 11.15 cents. Units of MIT closed 0.3% lower at $1.80 on Monday.

Hutchison Port Holdings Trust (HPHT) saw its earnings for the first quarter ended March 31 fall 69.9% to HK$166.9 million ($29.9 million) from HK$554.9 million in the previous year. Units of HPHT closed 1.23% higher at 41 US cents on Monday.

Singapore Medical Group is undertaking a review of its current and future acquisitions strategies. Shares of SMG closed 1 cent lower at 60 cents.

Nera Telecommunications has received contracts of approximately $7.15 million in aggregate in relation to the supply, delivery, installation and maintenance of security application equipment to a telecom operator in the Philippines. Shares of Neratel closed 1 cent lower at 39 cents.

Markets
US stocks rallied on Monday, tracking a relief rally that swept through Asian and European markets, after centrist candidate and market favorite Emmanuel Macron won the first round of the French presidential election. The Dow Jones Industrial Average rose 216.13 points, or 1.05%, to 20,763.89, the S&P 500 gained 25.46 points, or

The Dow Jones Industrial Average rose 216.13 points, or 1.05%, to 20,763.89, the S&P 500 gained 25.46 points, or 1.08%, to 2,374.15 and the Nasdaq Composite added 73.30 points, or 1.24%, to 5,983.82.

The Straits Times Index closed with a net gain of just 4.2 points at 3,144.03. Turnover amounted to 3.3 billion units worth $1.1 billion and excluding warrants there were 220 rises versus 247 falls.

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