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hospitality
Broker's Calls
This developer remains the best proxy to a residential segment recovery: RHB
SINGAPORE (Mar 20): RHB is resuming coverage on City Developments (CDL) with an upgrade to “buy” from “take profit”, and a revised target price of $15 from $11.30 previously on expectations of an impending recovery of the residential segment this
March 20, 2018
Results
Hotel Royal posts 92.5% drop in 4Q earnings to $0.2 mil on higher operating expenses
SINGAPORE (Mar 1): Hotel Royal posted a 92.5% decline in fourth quarter earnings to $0.2 million in 4Q17 compared to its earnings of $2.9 million in 4Q16 on the back of higher operating expenses.
March 01, 2018
Results
Banyan Tree 4Q earnings halved to $3.9 mil on higher expenses
SINGAPORE (Feb 27): Banyan Tree Holdings reported earnings of $3.9 million for the quarter ended Dec 2017, down by more than half of the $8.5 million posted in the same period a year ago on higher expenses.
February 27, 2018
Broker's Calls
5 REITs to benefit from the economic growth cycle in 2018: RHB
SINGAPORE (Dec 19): RHB Research is maintaining “overweight” on Singapore REITs (S-REITs) on expectations of selective REITs to continue remaining in favour in 2018, following what the research house sees as a stellar performance in 2017.
December 19, 2017
Property
Oxley announces soft opening of Mercure Singapore on Stevens
SINGAPORE (Dec 8): Property developer Oxley Holdings has announced the soft opening of Mercure Singapore on Stevens, a 518-guestroom development with an all-day restaurant, an executive lounge, a fitness centre and a swimming pool.
December 08, 2017
Results
Fragrance Group's 3Q earnings up 35.2% at $4.2 mil on higher turnover
SINGAPORE (Nov 9): Fragrance Group today posted earnings of $4.2 million for 3Q17, up 35.2% on-year from $3.1 million previously on higher turnover with increased contributions from its property development and hotel segments.
November 09, 2017
Broker's Calls
Millennium & Copthorne privatisation unlocks value for City Developments, say analysts
SINGAPORE (Oct 10): Brokers are unanimously positive on City Developments' potential offer for Millennium & Copthorne Hotels, given that the acquisition will be value accretive to the group.
October 10, 2017
Broker's Calls
Four reasons for hospitality REITs to smile in 2018
SINGAPORE (Sept 21): RHB Research is maintaining its "overweight" rating on Singapore REITs (S-REITs) on expectations of 2018 to be a turnaround year for the hospitality sub-sector as key growth drivers fall into place.
September 21, 2017
Broker's Calls
Fernvale project to drive Sing Holdings as property sentiment improves
SINGAPORE (Aug 30): KGI Securities is recommending “buy” for Sing Holdings with a fair value estimate of 54 cents, based on an implied 0.83 times P/B FY16 earnings, as well as a 30% discount to the property developer’s revalued net asset value (RNAV
August 30, 2017
Results
Far East Hospitality Trust 2Q DPS fall 4% to 0.97 cent on lower revenue
SINGAPORE (Aug 4): The manager of Far East Hospitality Trust (FEHT) has declared a distribution per stapled security (DPS) of 0.97 cent for the 2Q17 ended June, down 4% from the 1.01 cents DPS posted in 2Q16 due to lower revenue.
August 04, 2017