Ascendas India Trust (a‐iTrust)

Results

Ascendas India Trust reports DPU of 7.33 cents for FY18/19, up 20%

SINGAPORE (Apr 25): The trustee‐manager of Ascendas India Trust (a‐iTrust) has reported a DPU of 1.70 cents for the 4Q18/19 ended March. This brings FY18/19 DPU to 7.33 cents, 20% higher than a year ago despite the depreciating Indian Rupee.

In print this week

CapitaLand dips its toes into new asset classes such as Jewel and multifamily housing as ASB merger is approved

SINGAPORE (Apr 22): Jewel Changi Airport — Singapore’s newest integrated development by CapitaLand and Changi Airport — is quite the talk of the town with its waterfall, jungle, shops, eateries and a YOTELAIR. It houses more than 2,000 trees and pal

Broker's Calls

This REIT has yet to gain recognition among investors despite soaring 30% but that could change

SINGAPORE (April 27): DBS is maintaining its “buy” call on Ascendas India Trust with a higher target price of $1.20 saying the REIT’s growth story has yet to gain recognition among investors at large even though it has rallied over 30% since DBS upg

Results

Ascendas India Trust sees FY16/17 DPU grow 3% to 5.69 cents

SINGAPORE (April 26): The trustee-manager of Ascendas India Trust (a-iTrust) has declared a FY16/17 distribution per unit (DPU) of 5.69 cents for the full year ended March 31 as compared to a year ago  on record revenues.

Sino-Singapore Jilin Food Zone starts development of pig farm and cheese factory

SINGAPORE (April 24): Sino-Singapore Jilin Food Zone Development and Management Co. (JVMC), a joint venture between Singbridge and China’s Jilin city government, celebrated two key milestones for Sino-Singapore Jilin Food Zone (SSJFZ) today.

Property

Ascendas-Singbridge expands CBD Office portfolio in Shanghai

SINGAPORE (March 20): Ascendas-Singbridge Group announced it has acquired a premium grade commercial building in Shanghai, China.

Stocks To Watch

Ascendas India Trust, Fragrance, Cordlife, Jumbo, Trendlines

SINGAPORE (Feb 1): Here are some stocks that could move the market this Wednesday morning.

Results

Ascendas India Trust posts 1.42 cents DPU for 3Q

SINGAPORE (Jan 31): Ascendas India Trust has reported a distribution per unit of 1.42 cents for 3QFY17, a 5% increase from 3QFY16.

Property

Ascendas India Trust to acquire completed IT property

SINGAPORE (Jan 9): Ascendas India Trust says it will be acquiring the 100% stake in Flagship Developers - the approved co-developer of IT development BlueRidge Phase 2 – for about INR 6.9 billion ($145.7 million).

Broker's Calls

This trust still has plenty of room to grow in India

SINGAPORE (Oct 27): DBS Group Research is maintaining its “buy” rating on Ascendas India Trust with a higher target price of $1.13 despite declaring a 2Q DPU of 1.37 cents, unchanged from a year ago due to the depreciation of the IDR against the SGD.
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