How did the Singapore Market Fare This Week?

The Straits Times Index (SGX: ^STI) closed at 3,487 points on Thursday, declining 0.7% compared to last Friday’s close of 3,513 points. There were only four trading days this week – Labour Day on Friday was a public holiday.

Out of the 30 index components, 17 were in the red, 12 were in the green, while SIA Engineering Company Limited (SGX: S59) was the only company that ended the week unchanged at S$4.19.

Ascendas Real Estate Investment Trust (SGX: A17U) lost the most ground for the week amongst the big caps. It declined 7.5% to S$2.47.

It announced its financial results for the full year ended 31 March 2015 around a week ago. Its gross revenue for the period went up 9.8% year-on-year to S$673.5 million, while its net property income increased by 6.1% to S$462.7 million.

The growth in revenue were due to the acquisitions of Hyflux Innovation Centre and Aperia last year, full-year contribution from Nexus@one-north and A-REIT City@Jinqiao, and positive rental reversion from some of its properties in its portfolio.

The trust pays a distribution twice a year. On 29 April, it went ex-dividend for a total distribution per unit (DPU) of 7.3 Singapore cents that will be paid for the second half, which ended on 31 March 2015. This includes a DPU of 3.59 cents for the third quarter and 3.71 cents for the fourth quarter.

Hongkong Land Holdings Limited (SGX: H78) gained the most ground out of the 30 STI components, going up 4.4% to US$8.10.

The real estate company will be holding its Annual General Meeting for the financial year ended 31 December 2014 (FY 2014) on 6 May 2015 in Bermuda.

In 2014, revenue rose 1% year-on-year to US$1.8 billion, while net profit increased 12% to US$1.3 billion. It declared a final dividend of 13 US cents for the second half, up from 12 cents a year back. For the whole of 2014, Hongkong Land’s dividend for 2014 was US$0.19 per share, a 6% rise from 2013’s dividend of US$0.18”. Those interested to know more about its financial results can click here.

The SPDR STI ETF (SGX: ES3), a proxy for the Straits Times Index, is valued at around 14 times historical earnings and sports a dividend yield of 2.6%.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Sudhan P doesn’t own shares in any companies mentioned.