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The Singapore Market this Week: CapitaLand Commercial Trust Leads the Pack

This week, Singapore’s stock market, as represented by the Straits Times Index  (SGX: ^STI), had inched up by 0.6% to end Friday at 2,940 points.

Of the 30 stocks that make up the Straits Times Index, 20 had made a weekly gain with CapitaLand Commercial Trust (SGX: C61U) being the biggest winner. Its units put on 3.5% during the week to finish at S$1.48.

On 15 April, the real estate investment trust (REIT) released its fiscal first-quarter earnings for the three months ended 31 March 2016. During the quarter, CapitaLand Commercial Trust’s distribution per unit climbed by 3.3% year-on-year, rising from 2.12 cents to 2.19 cents. This happened despite the REIT’s gross revenue and net property income both having declined by low single-digit percentages.

Meanwhile, Comfortdelgro Corporation Ltd’s (SGX: C52) shares ended the week flat at S$2.90. The company, one of the largest land transport firms in the world, announced during the week that it will release its financial results for the first-quarter ended 31 March 2016 after the market close on Thursday, 12 May 2016.

Investors might be keen to know if the firm would continue growing in 2016. In 2015, Comfortdelgro’s revenue stepped up by 1.5% to around $4 billion while its bottom-line gained 6.5% to come in at $302 million.

On the losing side of the Straits Times Index, there were nine companies that ended the week with a loss. The biggest loser in the index was Hutchison Port Holdings Trust (SGX: NS8U). The container port owner’s shares lost 7% of their value in the week to end at US$0.465.

On Monday, the trust announced its fiscal first-quarter earnings for the three months ended 31 March 2016. The trust’s quarterly revenue slid by 6.7% to HK$2.9 billion. But, its net profit had almost doubled to HK$554.9 million.

Outside the Straits Times Index, bus, taxi, and rail services provider SMRT Corporation Ltd (SGX: S53) announced during the week that it is entering the private hire car business in Singapore. Strides Transportation Pte. Ltd, a wholly-owned subsidiary of SMRT, will be providing the new service. This may be SMRT’s answer to competition from third-party taxi booking apps such as Uber and Grab. SMRT’s shares ended the week down by 1.3% to S$1.51.

The SPDR STI ETF (SGX: ES3), an exchange-traded fund which mimics the Straits Times Index’s fundamentals, is now valued at 12.1 times trailing earnings and has a dividend yield of 3.4%.

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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 owns units in CapitaLand Commercial Trust.