Keppel Infrastructure Trust's (SGX:A7RU) distributable income declined by 17% during the first quarter of the year to SG$53.7 million from SG$65 million a year earlier, according to a Thursday filing with the Singapore Exchange.
The decline in distributable income was mainly due to lower funds from operations across key segments such as energy transition, environmental services and distributable and storage.
Shang Hai Ya Tong (SHA:600692) subsidiary Yatong Real Estate will invest 18 million yuan to wholly establish Shanghai Yaxing Energy Construction Management.The new entity will focus on new energy project development as well as engage in electric vehicle charging infrastructure, contract energy management and related technical services.Shares of the real estate developer were down 1% in recent trade.
Torrent Power (NSE:TORNTPOWER, BOM:532779) has an average rating of hold and mean price target of 1,470.22 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
General Plastic Industrial (TPE:6128) posted a net profit attributable to owners of NT$36.0 million in the first quarter, or NT$0.28 per basic share, according to a Wednesday disclosure on the Taiwan Exchange.Shares slid over 3% in Thursday's late morning trade.The imaging supplies manufacturer did not provide comparative year-ago figures.Operating revenue amounted to NT$1.34 billion, it said.