SG Market: Spore shares likely to continue yday’s surprise run following Wall Street’s lead with STI poised to test Apr’s high of 3187. KepCorp is also set to take a crack at the $12.80 resistance &head for next level at $13.50 following good set of 1Q results & positive guidance from its offshore segment. SingTel will be most impacted by cut in S’pore-M’sia call charges.
Stocks in focus:
*KepCorp 1Q results in line; net profit $346.2m +7.8% yoy, revenue $2.42bn -0.1% yoy on strong offshore & infrastructure contributions. New orders secured hit qtr record of $4.5b, bringing orderbook to $7.5b till 2014.
*CapitaMall Trust 1Q resuls in line; 1Q distributable income $73.2m +3% yoy, DPU 2.29¢
*Ascott Reit 1Q results above expectations; distributable income $24m +133% yoy, DPU 2.14¢
* First Reit 1Q results in line; distributable income $9.9m +88.5% yoy, DPU 1.58¢
*First Ship Least Trust 1Q distributable income US$5.7m, DPU US0.95¢
*Telecoms: Spore-Msia mobile call charges to fall, data roaming could follow; likely impact on SingTel
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