Ascott Residence Trust (ART)

SINGAPORE (July 21): UOB Kay Hian has kept its “overweight” rating on Singapore REITs, following the release of 2Q16 results by CapitaLand Commercial Trust (CCT), Ascott Residence Trust (ART) and Cache Logistics Trust (Cache).

SINGAPORE (July 21): Religare has downgraded its rating for Ascott Residence Trust (ART) to “hold”, with a target price of $1.22.

SINGAPORE (July 20): Ascott Residence Trust (ART) posted a 2% rise in distribution per unit (DPU) of 2.13 cents for the 2Q16 ended June compared to 2.09 cents in the same period of last year.

SINGAPORE (July 14): Singapore’s hospitality sector might be a “comeback kid” against the backdrop of a lackadaisical 2015 as recently-released data for May 2016 point to a spectacular 62.9% y-o-y increase in visitors from China.

SINGAPORE (July 13): Daiwa Capital Markets is keeping its “positive” rating on Singapore Real Estate Investment Trusts (S-REITs), but has “low expectations” ahead of announcement of 2Q16 results by the 14 S-REITs under its coverage starting Friday

SINGAPORE (June 14): CIMB is reiterating its “overweight” call on S-REITs, though hospitality remains its least preferred sub-sector as the house does not anticipate a recovery in RevPAR in 2016 just yet.