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Broker's Calls
Why Maybank KE prefers Frasers Centrepoint Trust over SPH REIT
SINGAPORE (Apr 8): Maybank Kim Eng is reiterating its “hold” call on SPH REIT with an unchanged target price of $1.05 on expectations of limited retail sales growth.
April 08, 2019
Broker's Calls
Macro jitters propel S-REIT inflows to $240 mil in 1Q19
SINGAPORE (Apr 4): Singapore REITs (S-REITs) have a seen net institutional inflows of $82.7 million, $42.7 million and $114.2 million for the respective first three months of 2019, according to recent SGX data for 1Q19.
April 04, 2019
Broker's Calls
Ascendas REIT remains best proxy to the burgeoning S-REIT space: Maybank
SINGAPORE (April 4): Maybank Kim Eng is remaining “positive” on the Singapore REIT (S-REITs) sector on expectations of continued outperformance, while highlighting Ascendas REIT (A-REIT) as the best proxy to overall recovery across S-REITs.
April 04, 2019
Broker's Calls
UOB, OCBC to benefit from mortgage rate hikes this year, says DBS
SINGAPORE (Apr 2): DBS Vickers Securities is remaining bullish on Singapore’s banks as a dividend yield play, while highlighting rising mortgage rates as the sector’s bright spot amid higher cost of funds this year.
April 02, 2019
Property
Singapore luxury home prices drop most in a decade on curbs
SINGAPORE (April 2): Singapore home prices fell for a second straight quarter, with values of luxury dwellings falling the most in almost a decade as property curbs imposed mid-last year took some heat out of the market.
April 02, 2019
Results
Low Keng Huat posts 34% lower 4Q earnings of $3.5 mil on revenue decline
SINGAPORE (April 2): Low Keng Huat has announced 4Q18 earnings of $3.5 million, declining 34% y-o-y from $5.3 million on the back of lower revenue.
April 02, 2019
Contracts
Sysma unit wins $20 mil contract to build Nassim Road bungalow
SINGAPORE (Mar 25): Sysma Holdings says its construction unit, Sysma Construction, has secured a $20 million contract to erect a bungalow at 54 Nassim Road for “an established private owner”.
March 25, 2019
Property
Singapore coworking reaches next-level luxury with Raffles deal
SINGAPORE (Mar 13): The Great Room’s co-working space in Singapore’s Centennial Tower doesn’t look like your average office. The floor is marble, the finishings are brushed gold and there’s coconut water in the pantry fridge. It’s a step up from
March 13, 2019
Broker's Calls
OCBC raises confidence in Mapletree Logistics Trust on strong YTD performance, bright prospects
SINGAPORE (Mar 7): OCBC Investment Research is maintaining “buy” on Mapletree Logistics Trust (MLT) while raising its fair value estimate to $1.50 from $1.40 to assume lower cost of equity (COE).
March 07, 2019
Broker's Calls
Keppel REIT to benefit from lease renewals, Australia portfolio going forward: UOB
SINGAPORE (Mar 7): UOB Kay Hian is maintaining its “buy” call on Keppel REIT with a target price of $1.35 on expectations of the REIT to benefit from the full-year impact of leases, which were renewed in 2018, this year.
March 07, 2019