Stocks to watch: ST Engineering, CICT, CLI, Suntec Reit, Sheng Siong, Frasers Centerpoint Trust, Clint

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Apr 24): 

ST Engineering : The impact of the Middle East war, alongside higher fuel and logistics costs, is assessed to be ”not material at the group level”, said ST Engineering chief executive officer Vincent Chong on Thursday at the group’s annual general meeting (AGM). He added that less than 3 per cent of the group’s FY2025 revenue came from the Middle East. Shares of ST Engineering closed 2 per cent or S$0.22 lower at S$11.03 on Thursday.

CapitaLand Integrated Commercial Trust (CICT): CICT posted on Friday a 7.9 per cent rise in net property income (NPI) to S$314.4 million for its first quarter ended Mar 31, 2026, from S$291.4 million in the previous corresponding period. This came as revenue for the quarter rose 8 per cent to S$426.7 million from S$395.1 million a year earlier. Units of CICT closed S$0.01 or 0.4 per cent lower at S$2.48 on Thursday.

CapitaLand Investment (CLI) : The asset manager has won a S$2.4 billion real estate investment mandate to manage Income Insurance. Under the mandate, CLI will manage Income Insurance’s direct real estate portfolio, comprising retail, commercial and industrial assets held directly by the insurer and through its joint ventures. Including the new investment mandate, CLI has completed “over S$12.1 billion” in Singapore deals in the past 16 months. Shares of CLI fell 1.7 per cent or S$0.05 to close at S$2.85 on Thursday, before the news.

Suntec Real Estate Investment Trust (Reit) : Its distribution per unit (DPU) for Q1 ended March rose 23.9 per cent to S$0.01936, from S$0.01563 in the year-ago period. Revenue for the quarter inched up 1.9 per cent and NPI rose 0.3 per cent. The growth came amid stronger operating performance from the Singapore retail and office portfolios and lower financing costs, said the manager on Thursday. Units of Suntec Reit closed Thursday 0.7 per cent or S$0.01 down at S$1.49, before the news.

Sheng Siong : The grocery store operator said it sees further room for margin improvement although, the Iran conflict could exert “upward pressure on costs and prices”, in response to shareholder queries ahead of its AGM on Apr 29. In response to a query on three executive directors’ seemingly “excessive” pay of roughly S$8 million each, the group said the individuals’ remuneration depends on its financial performance, highlighting its record results for FY2025. The counter ended Thursday 0.3 per cent or S$0.01 lower at S$3.05, before the news.

Frasers Centrepoint Trust (FCT) : Its DPU rose 1.4 per cent on the year to S$0.06136 from S$0.06054 for its first half ended March, said the manager on Friday. Revenue climbed 20.3 per cent to S$221.9 million, from S$184.4 million. The increase was supported by the strength of FCT’s suburban retail portfolio, said Richard Ng, chief executive officer of the manager. Units of FCT ended Thursday flat at S$2.28, before the news.

CapitaLand India Trust (Clint) : Its total property income rose 3 per cent year on year to 4.9 billion rupees (S$69 million) while for the quarter, NPI climbed 8 per cent to 3.8 billion rupees. The improvements in rupee terms were driven by sustained performance of the trust’s existing properties, alongside contributions from new developments. Despite the gains in rupee terms, the trust’s total property income fell 8 per cent on the year to S$69 million in Singapore dollar terms, and NPI dropped 3 per cent to S$53.4 million. Units of Clint closed Thursday 1 per cent or S$0.01 higher at S$1.05.

ESR-Reit: Its NPI fell 2.3 per cent to S$80.6 million for its first quarter ended March 31, 2026, from S$82.5 million in the year-ago period, the manager reported on Friday. Gross revenue for the quarter was down 0.4 per cent to S$110.1 million, from S$110.5 million a year earlier. Units of ESR-Reit closed S$0.01 or 0.4 per cent lower at S$2.47 on Thursday.

PropNex : Claimants have dropped a High Court lawsuit against its subsidiary PropNex Realty (PRL), the group said on Thursday. Under the withdrawn case, the claimants sought at least S$586,172 and alleged PRL’s breach of duty of care owed to them, as well as the negligent misrepresentation of one of its salespersons on a property deal. Shares of PropNex fell 0.5 per cent or S$0.01 to close at S$1.82 on Thursday, before the bourse filing.

iFast Corporation : The fintech platform reported a 47.3 per cent jump in net profit to S$28 million for the three months ended Mar 31, 2026, up from S$19 million in the year-ago period. This was due to growth in its core wealth management business, as well as its Hong Kong ePension business. Shares of iFast closed down 1.1 per cent or S$0.11 at S$9.49, before the announcement.