Stocks to watch: Hotel Properties Limited, Hongkong Land, Keppel Reit, CLCT, Starhill Global Reit, FEHT
Hotel Properties Limited (HPL) : The property group clarified on Tuesday that it is still in discussions with parties over the redevelopment of Forum The Shopping Mall and voco Orchard Singapore. It added that there is no certainty that the discussions will result in any transaction. This came after news broke that HPL was in talks to sell its stakes in the two marquee assets along Singapore's Orchard Road shopping strip. Shares of HPL closed up 6.3 per cent or S$0.33 at S$5.54, before the company called for a trading halt at 4.30 pm on Tuesday.
Hongkong Land : It posted an underlying profit of US$297 million for the six months ended Jun 30, reversing from a net loss of US$7 million in the corresponding year-ago period. Revenue for the first half of 2025 fell to US$751.2 million, down 23 per cent from US$972.4 million year on year. Underlying earnings per share for H1 2025 stood at US$0.1351, from an underlying loss per share of US$0.0031 in H1 2024. Shares of Hongkong Land closed 2.1 per cent or US$0.13 higher at US$6.39 on Tuesday, before the H1 results were announced.
Keppel Real Estate Investment Trust (Reit) : On Wednesday, it reported a 2.9 per cent decline in its H1 FY2025 distribution per unit (DPU) of S$0.0272, from S$0.0280 in the corresponding year-ago period. The distribution will be paid out on Sep 15, with its record date on Aug 7. Property income rose 9.1 per cent to S$136.5 million from S$125 million in the same period a year prior. This is largely due to contribution from 255 George Street acquired in May 2024, and higher occupancy at 2 Blue Street. Units of Keppel Reit closed 1 per cent or S$0.01 up at S$0.95 on Tuesday.
CapitaLand China Trust (CLCT) : Its DPU for the six months ended Jun 30 fell 14 per cent to S$0.0259, from S$0.0301 in the year-ago period. This was due to lower net property income (NPI) and a weaker yuan against the Singapore dollar, which was partially offset by savings in finance costs, its manager said on Wednesday. NPI fell 8.1 per cent year on year to 580.3 million yuan (S$104.2 million) from 631.3 million yuan, while revenue for H1 declined 6.3 per cent year on year to 867.6 million yuan from 925.9 million yuan. Units of CLCT ended flat on Tuesday at S$0.78.
Starhill Global Reit : Its manager on Tuesday posted a net property income of S$74.5 million for the second half ended Jun 30, 2025, flat compared to the year-ago period. This was attributed to the lack of growth primarily to higher contributions from the Singapore retail properties and net movement in foreign currencies. Its revenue inched up 0.7 per cent to S$95.8 million from S$95.2 million previously. Units of Starhill Global Reit closed flat at S$0.55 on Tuesday.
Far East Hospitality Trust (FEHT) : The stapled group on Wednesday posted 9.2 per cent fall in distribution per stapled security to S$0.0178 for its first half ended June, down from S$0.0196 in the previous corresponding period. Distribution to stapled security holders dropped 8.7 per cent to S$36 million from S$39.5 million in the year-ago period. Stapled securities of FEHT finished on Tuesday 0.8 per cent or S$0.005 lower at S$0.61.
CDL Hospitality Trusts (CDLHT) : On Wednesday, it reported an 11.9 per cent decline in its H1 FY2025 NPI of S$0.0272, from S$66.5 million in the year-ago period. Its S$7.2 million net NPI decline was largely driven by ongoing room renovations at the W Hotel, which accounted for a S$3.2 million drop. The group's core Singapore market NPI fell 20.9 per cent to S$30.2 million, from S$38.3 million in H1 of FY2024. This came alongside lower RevPAR, which fell 14.2 per cent to S$165 from S$193. Stapled securities of CDLHT closed on Tuesday 0.59 per cent or S$0.005 high lower at S$0.85.
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