office

CIMB Looks Ahead

S-REITs to see downgrade in muted 2017

SINGAPORE (Dec 9): CIMB is downgrading Singapore REITs to “underweight” from “overweight” as growing long-term borrowing rates cap share price performance and higher financing costs affect distributions per unit (DPUs).

Results

UOL posts 14% decline in 3Q earnings to $87 mil on lower margin and JV contributions

SINGAPORE (Nov 10): UOL posted a 14% drop in 3Q16 earnings to $87.1 million on lower gross profit margin and lower contributions from joint ventures.

Broker's Calls

Retail continues to be thorn in Suntec REIT’s side

SINGAPORE (Oct 21): Maybank Kim Eng and CIMB are reiterating their “hold” calls on Suntec REIT after its manager, ARA Trust Management, reported a distribution per unit (DPU) of 2.535 cents for 3Q16, just 0.5% higher than its DPU of 2.522 cents a year

OUE appoints Oakwood to manage OUE Downtown serviced residences

SINGAPORE (Oct 7): Real-estate owner, developer and operator Overseas Union Enterprise (OUE) Limited has signed a management agreement which will see Oakwood Asia Pacific, a division of Oakwood Worldwide, running the new serviced residents at the upcoming

Suntec REIT: Not seeing sunshine and rainbows

SINGAPORE (July 22): Market watchers are turning cautious on Suntec Real Estate Investment Trust (Suntec REIT), as it reported an unchanged distribution per unit of 2.5 cents for 2QFY2016.

Broker's Calls

Starhill Global still shines among Singapore’s retail & office REITs: UOB

SINGAPORE (June 23): UOB Kay Hian is maintaining its “buy” call on Starhill Global REIT (SGREIT) with a higher target price of 92 cents from its previous price target of 91 cents. 

Broker's Calls

RHB likes Singapore retail and hospitality REITs; neutral on office

SINGAPORE (June 22): RHB is maintaining its “neutral” stance on the office sub-sector of Singapore REITs as it expects spot rents to fall further.
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