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.

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.

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

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

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.

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.

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-

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.

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 –

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).
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