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1Q17
Results
Ho Bee Land’s 1Q earnings more than triple to $56.3 mil on higher revenue & divestment gain
SINGAPORE (April 25): Ho Bee Land, the real estate development and investment company, has declared earnings of $56.3 million for the first quarter ended March 31 – more than triple of the $18.5 million it posted for 1Q16 on the back of higher revenue a
April 25, 2017
Results
Parkway Life REIT sees 9.6% rise in 1Q DPU to 3.3 cents
SINGAPORE (April 25): Parkway Life REIT’s (PLife REIT) manager today posted a distribution per unit (DPU) of 3.28 cents for the first quarter ended March 31, up 9.6% from the 2.99 cents declared a year ago.
April 25, 2017
Broker's Calls
Can CapitaLand Mall Trust withstand the prolonged retail headwinds?
SINGAPORE (April 21): OCBC Investment Research and RHB are reiterating their respective “buy” and “hold” calls with a fair value estimate of $2.20 and $2.07 target price, after the manager of CapitaLand Mall Trust (CMT) reported a 1Q17 distributio
April 21, 2017
Singapore GDP grew by 2.5% in 1Q, says MTI advance estimates
SINGAPORE (April 13): The Singapore economy grew by 2.5% on a year-on-year basis in the first quarter of 2017 according to advanced estimates by the Ministry of Trade and Industry, easing from the 2.9% growth in the previous quarter.
April 13, 2017
Broker's Calls
Frasers Centrepoint Limited kicks off the year on a prosperous note
SINGAPORE (Feb 10): DBS Vickers Securities is maintaining Frasers Centrepoint Limited (FCL) at “buy” with a target price estimate of $2, and continues to like the stock for its attractive valuations despite potential headwinds in the property market.
February 10, 2017
Results
Frasers Centrepoint’s 1Q earnings nearly double to $187.5 mil
SINGAPORE (Feb 9): Frasers Centrepoint Limited (FCL) has announced 1Q17 earnings of $187.5 million, nearly double from the $98.7 million declared a year ago.
February 09, 2017
Results
CosmoSteel’s losses nearly halve to $1 mil on lower expenses
SINGAPORE (Feb 7): CosmoSteel Holdings, the Mainboard-listed supplier and distributor of piping system components, has reported 1Q17 losses of $0.95 million, 49.3% down from its losses of $1.9 million in the same quarter a year ago.
February 07, 2017
Broker's Calls
Frasers Commercial Trust sees stable DPU ahead with renewed Alexandra Technopark
SINGAPORE (Jan 24): It is very likely Hewlett Packard (HP) Enterprise will be leaving Alexandra Technopark – but this could prove a “blessing in disguise” for Frasers Commercial Trust (FCOT), says DBS Vickers Securities.
January 24, 2017
Broker's Calls
This REIT is enjoying robust rental reversions in spite of sector headwinds
SINGAPORE (Jan 24): OCBC Investment Research is reiterating its “buy” call on Frasers Centrepoint Trust (FCT) following the announcement of its 1Q17 financial results last Friday.
January 24, 2017
Broker's Calls
SPH REIT is off to a steady start
SINGAPORE (Jan 13): CIMB Securities is reiterating its “hold” call on SPH REIT with an unchanged target price of 95 cents.
January 13, 2017