Ascendas REIT (A-REIT)

SINGAPORE (July 10): Maybank Kim Eng is maintaining its “positive” stance on Singapore’s property sector on improving market sentiment and robust bids in recent government land tenders.

SINGAPORE (July 3): Maybank Kim Eng is staying “positive” on Singapore industrial REITs as it expects sector fundamentals to bottom out in 2017 on peaking supply and the acceleration of manufacturing growth momentum.

SINGAPORE (June 22): Maybank Kim Eng Research remains “positive” on Singapore REITs (S-REITs), with confidence that a firmer exchange rate regime poses no immediate threat to the industrial REITs.

SINGAPORE (June 20): OCBC has downgraded Ascendas REIT to “hold” from “buy” with an unchanged fair value estimate of $2.66 given valuations are no longer valuable at this juncture.

SINGAPORE (May 31): The manager and trustee of Ascendas REIT (A-REIT) have entered into a sale and purchase agreement with Sengkang Import & Export for the sale of 10 Woodlands Link for $19.28 million.

SINGAPORE (May 19): Some 45% of the results announced in the 1Q17 reporting season so far have been in line with expectations, while the number of beats have fallen to 26%, from 32% a year ago, according to UOB Kay Hian.

SINGAPORE (May 18): DBS Vickers recommends investors to remain “overweight” on the office and industrial Singapore REIT (S-REIT) sectors due to the prospects of an improving Singapore GDP, as well as the expected easing of supply pressures come 2018.

SINGAPORE (April 18): Maybank Kim Eng Research is initiating coverage on the Singapore REIT (S-REIT) sector with a “positive” view, highlighting the industrial sub-sector as investors’ best option for growth.

SINGAPORE (Jan 3): UOB Kay Hian is flagging growth headwinds and external risks in what it calls a growth-challenged year ahead, and therefore recommends positioning defensively on elevated volatility and an uncertain macro outlook.

SINGAPORE (Nov 14): Following news of last week’s US presidential election outcome, UOB Kay Hian is now turning its attention on stocks which it reckons could be beneficiaries of the rising US$ strength against ASEAN currencies.