2QFY2020 results

This contract brings the total outstanding value of construction works yet to be reported as revenue for the group to some $1.8 billion.

SPH CEO and board members have also taken a voluntary 10% reduction in directors’ fees in line with the company’s cost-saving measures. Other senior management staff will see a salary reduction of 5%.

Although the REIT had an "operationally steady quarter", analysts are quick to caution that it remains susceptible to retail headwinds as the Covid-19 outbreak escalates.

The steep cut in distribution comes as the REIT braces itself for challenging circumstances arising from the Covid-19 situation.

SINGAPORE (Feb 21): The semiconductor industry has enjoyed a rebound on the back of the easing of US-China trade tensions, but is yet again threatened with a potential disruption as the ongoing Covid-19 virus outbreak intensifies.