M1, CCT, ST Engr, SIIC Environment, Keppel REIT, Blumont

SINGAPORE (Oct 19): Here are some factors and stocks that could move the market this Wednesday morning:

M1 has posted earnings of $34.4 million in 3Q16, 23.4% lower than the $44.9 million registered in the same quarter last year. Operating revenue fell 10.3% to $249.1 million in 3Q16 mainly due to lower revenue from handset sales, which fell 28.9% to $51.9 million in the quarter ended September, from $73.0 million in the same period last year. M1 shares closed 1 cent higher at $2.33 on Tuesday.

CapitaLand Commercial Trust’s (CCT) manager reported a 7.5% increase year-on-year in distribution per unit to 2.3 cents for 3Q16. Revenue rose 8.9% to $74.4 million while net property income (NPI) rose 8.3% to $57 million. CCT is also seeking rezoning approvals to redevelop Golden Shoe Car Park whose land lease expires on Jan 31, 2081, into a commercial development including a Grade A office tower. Units of CCT closed flat at $1.55 on Tuesday.

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