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real estate
Broker's Calls
Sasseur REIT's strong earnings momentum to continue into FY19: Maybank
SINGAPORE (Feb 20): Maybank Kim Eng is maintaining its “buy” call on Sasseur REIT while leaving its forecasts and target price of 90 cents unchanged.
February 20, 2019
Broker's Calls
Why DBS remains bullish on Keppel-KBS US REIT after a tepid 2018
SINGAPORE (Jan 28): DBS Vickers Securities is maintaining its “buy” call on Keppel-KBS US REIT (KORE), with a higher target price of 80 US cents from 78 US cents previously to adjust for lower-than-expected debt balance at end-FY18.
January 28, 2019
M&A
First Sponsor to acquire disputed former Grand Hotel Puccini building in Milan for $14.4 mil
SINGAPORE (Jan 25): First Sponsor’s indirect wholly-owned subsidiary FS Milan Property is acquiring a former hotel building in Italy for 9.3 million euros ($14.4 million) from Fondo Kona, a real estate close-ended alternative investment fund controlled
January 25, 2019
Broker's Calls
Maybank keeps Frasers Centrepoint Trust at 'buy' after solid start to FY19
SINGAPORE (Jan 22): Maybank Kim Eng is maintaining its “buy” call on Frasers Centrepoint Trust (FCT) with an unchanged target price of $2.55 after the trust’s manager reported a 1Q19 DPU of 3.02 cents, up 0.7% on-year due to improved occupancies acr
January 22, 2019
Broker's Calls
Yoma remains on track for a rebound amid near-term uncertainties: RHB
SINGAPORE (Dec 27): RHB Research is maintaining its “buy” call on Yoma Strategic while lowering its target price to 57 cents from 66 cents, after the stock’s recent share price recovery from all-time low levels in Oct.
December 27, 2018
Property
Private previews held this week for SC Global's upcoming luxury development project in Niseko, Japan
SINGAPORE (Nov 29): SC Global Developments has launched a luxury hotel apartment residence in Niseko, Japan, beginning with private previews conducted in Singapore this week, with previews in Niseko officially starting in early Dec.
November 29, 2018
Broker's Calls
DPU growth ahead for CapitaLand Mall Trust, but sector fundamentals remain weak: Maybank KE
SINGAPORE (Nov 29): Maybank Kim Eng is maintaining “hold” on CapitaLand Mall Trust (CMT) with a higher price target of $2.20 compared to $2.15 previously, after raising distribution per unit (DPU) estimates by 1-7% to factor in the trust’s recently-
November 29, 2018
Broker's Calls
CapitaLand's earnings uptrend likely to remain intact throughout FY18: Phillip
SINGAPORE (Nov 22): Despite a change of analyst, Phillip Capital is maintaining CapitaLand at “accumulate” with a lower target price of $4 compared to $4.19 previously, translating to a FY18E P/NAV ratio of 0.72 times.
November 22, 2018
M&A
Tuan Sing acquires initial stake in Hainan mega project for $15 mil
SINGAPORE (Sept 24): Tuan Sing Holdings has acquired an initial 7.8% stake in China’s Sanya Summer Real Estate (SSRE) – whose incumbent shareholder is Hainan Summer Property Development, a developer and then operator of two retail malls in Hainan –
September 24, 2018
Property
CityDev buys Aldgate House in London for $328 mil, expects immediate accretion
SINGAPORE (Sept 14): Property developer City Developments Limited (CDL) has acquired a prime freehold Grade A commercial building, Aldgate House, in London for £183 million ($328 million).
September 14, 2018