Hong Kong protests

Despite a significant fall in the REIT’s stock price after the incident, OCBC Research Team analysts remain sanguine on the REIT at large, citing sufficient insurance coverage to mitigate the damages caused.  In particular, they have identified two

SINGAPORE (Nov 13): Alarming news that a Christmas tree was set on fire at Festival Walk caused unit price in Mapletree North Asia Commercial Trust to fall. Festival Walk contributed $104.9 million or 61.7% to MNACT’s net property income of $169.8 milli

The Festival Walk shopping mall in Hong Kong is MNACT’s key asset. In the latest 2Q20, the mall accounted for some 62% of the REIT’s total net property income. The mall had been forced to close early on three consecutive days before today, after al

(Nov 8): Hong Kong has long defied predictions it’ll lose its stature as Asia’s top international financial center — but for how much longer?

(Nov 5): Hong Kong’s business outlook continued to drop in October, indicating that there will be no immediate pickup from the recession in the city which is facing a global trade slowdown and domestic political unrest and violence.

HONG KONG (Oct 16): Hong Kong leader Carrie Lam had to abandon her policy speech because of jeering lawmakers on Wednesday but later offered no direct olive branch to pro-democracy protesters, hoping instead to ease resentment by building more public hous

SINGAPORE (Oct 14): US President Donald Trump said on Oct 9 that there was “a very good chance” that the US and China will finally reach a trade agreement. 

SINGAPORE (Oct 10): Service providers to some of Asia’s wealthiest families say they are fielding a rising number of calls about shifting away from Hong Kong, with some already moving money to Singapore-based banks.

Tensions are escalating in Hong Kong after a defiant demonstration on Oct 1 devolved into violence. Much is at stake for Beijing, which has to balance its priorities for the territory.