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SG Morning Highlights: Nanofilm records 27% growth in Q1 revenue amid growth in all business units

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Moomoo News SG wrote a column · Apr 19, 2022 20:11
SG Morning Highlights: Nanofilm records 27% growth in Q1 revenue amid growth in all business units
Good morning mooers! Here are things you need to know about today's Singapore:

●Singapore shares opened higher on Wednesday; STI up 0.86%

●Nanofilm records 27% growth in Q1 revenue amid growth in all business units

●Stocks to watch: Keppel DC Reit, KORE, OXLEY,Singtel, MNACT, LHN, Keppel Pacific Oak

-moomoo News SG
Market Trend

Singapore shares opened higher on Wednesday. The $富時新加坡海峽指數(.STI.SG)$ increased 0.86 per cent to 3,335.50 as at 9.04am.

Advancers / Decliners is 107 to 29, with 101.61 million securities worth S$68.16 million changing hands.
Breaking News
Nanofilm records 27% growth in Q1 revenue amid growth in all business units

Nanofilm Technologies posted a 27 per cent increase in revenue year on year in the first quarter of 2022.
In its business update released on Tuesday (Apr 19), the nanotechnology solutions provider noted that its advanced materials business unit contributed 81 per cent of revenue in the first quarter. The consumer electronics, communication and computers (3C) segment contributed 77.8 per cent of revenue within the unit.
"Barring any potential logistics and production challenges arising from the Covid-19 situation in China, the 3C segment's business pipeline visibility is strong, as the group enters into its typical peak season in the second half of the year," the company said.

Stocks to Watch
$Singtel(Z74.SG)$ : Singtel said in a bourse filing on Tuesday (Apr 19) that its Australian subsidiary, Singapore Telecom Australia Investments (STAI) has filed an appeal to the Full Federal Court of Australia regarding an unfavourable judgement it had received earlier.
The judgement relates to Singtel's earlier failed appeal attempt against a tax assessment related to the acquisition financing of its Australian subsidiary, Singtel Optus, in 2001.
$Mapletree NAC Tr(RW0U.SG)$ : Mall and office landlord Mapletree North Asia Commercial Trust (MNACT) posted a 2.8 per cent rise in distribution per unit (DPU) to S$0.03393 for the second half-year ended Mar 31, 2022, up from S$0.03299 a year earlier.
Gross revenue was up 4.9 per cent to S$211.2 million for the half-year period, from S$201.3 million a year earlier.
$LHN(41O.SG)$ : LHN Logistics lodged its final offer document on Tuesday (Apr 19) as its parent company, property player, looks to spin off and list its logistics arm. Through the initial public offering (IPO), LHN Logistics will raise approximately S$5 million through the listing of 25,238,000 placement shares at S$0.20 each.
The net proceeds will amount to approximately S$3.6 million, after deducting the estimated listing expenses payable in cash by the company.
$Oxley(5UX.SG)$ : OXLEY Garden, sitting on a 58,207 square feet freehold plot in prime district 9, will soon be put up for collective sale on the heels of the sale of 5 Oxley Rise, a much bigger parcel up the road.
Built in 1986, the four-storey Oxley Garden is being marketed with a minimum price of S$200 million. A tender is expected to be launched soon.
$Keppel DC Reit(AJBU.SG)$ : Data centre-focused Keppel Data Centre (DC) Reit reported on Tuesday (Apr 19) a marginal increase in first-quarter distribution per unit (DPU) of 0.2 per cent to S$0.02466, up from S$0.02462 a year earlier.
In its business update for the first-quarter ended Mar 31, the real-estate investment trust (Reit) posted a 1.4 per cent decline in net property income to S$60.1 million, down from S$61.0 million a year earlier. Gross revenue fell 0.9 per cent to S$66.1 million, down from S$66.7 million year-on-year.

$KepPacOakReitUSD(CMOU.SG)$ : Keppel Pacific Oak US Reit said its first-quarter distributable income rose 10.9 per cent to US$16.6 million, up from US$14.9 million in the same period the year before.
In its Q1 FY2022 business update released on Tuesday (Apr 19), the real estate investment trust’s (Reit) manager also reported that gross revenue rose 6.9 per cent to US$37 million, up from US$34.6 million a year earlier.
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