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

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.

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

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.

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.

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.

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.

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.

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. 

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.
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