Stocks to watch: CapitaLand Investment, Mapletree Industrial Trust, Hong Leong Asia, Wing Tai, Metro

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Apr 29):

CapitaLand Investment : Its total revenue stood at S$487 for the first quarter ended March. This was amid higher contributions from the fee-related business, which makes up 59 per cent of total revenue. It recorded a fee-related revenue of S$310 million for the first quarter ended Mar 31, up 10 per cent from S$281 million in the year-ago period. Revenue for the real estate investment business, comprising 41 per cent of total revenue, fell 14 per cent to S$207 million from S$242 million. The counter ended Tuesday at S$2.81, down 0.7 per cent or S$0.02.

Mapletree Industrial Trust (MIT) : It posted a distribution per unit of S$0.0309 for its fourth quarter ended Mar 31, 8 per cent down from S$0.0336 in the same period last year. The manager said it plans to undertake an additional S$500 million to S$600 million in selective North American divestments to redeploy capital towards sustainable growth. Units of MIT closed 0.5 per cent or S$0.01 higher at S$2.06 on Tuesday, before the results.