real estate

Broker's Calls

New launches, healthy take-up rates to sustain residential developers in near-term: RHB

SINGAPORE (Sept 11): RHB Research is maintaining “neutral” on the real estate sector with a flattish price outlook for 2H18, and expectations that primary transactions will decline 10% y-o-y in 2018 with no near-term catalysts for players with larger

Broker's Calls

No catalysts in sight for CityDev as new housing initiatives threaten to curb buying sentiment: Jefferies

SINGAPORE (Aug 21): Jefferies is reiterating its “hold” call on City Developments (CDL) with a price target of $11, which is based on a 22% discount to a RNAV of $14, with the view that there are no immediate catalysts for the stock.

Results

Boustead Projects' 1Q earnings rise 73% to $10 mil on one-off gain

SINGAPORE (Aug 12): Boustead Projects has reported a 73% rise in 1QFY19 earnings to $10 million compared to $5.8 million a year ago, mainly boosted by a one-off gain from the sale of a property.  

Broker's Calls

FY18 likely to remain muted for Centurion Corp despite expansion plans, says RHB

SINGAPORE (Aug 10): RHB Research is maintaining “neutral” on Centurion Corp with a target price of 47 cents on expectations of a 3.4% FY18F dividend yield.

Results

CityDev posts 79.5% rise in 2Q earnings to $205 mil; expects residential sales to moderate

SINGAPORE (Aug 10): City Developments (CDL) announced earnings of $204.8 million for the 2Q ended June, up 79.5% from its 2Q17 earnings of $114.1 million a year ago, backed by stronger sales recognition during the period under review.

Results

Fragrance Group posts near-doubling of 2Q earnings on revenue surge

SINGAPORE (Aug 8): Fragrance Group has reported a near-doubling of 2Q earnings to $6.8 million from $3.8 million a year ago due to higher revenue.  

53rd National Day

Shared spaces: Housing still subject to limitations

SINGAPORE (Aug 6): Multi-purpose, co-living spaces are revolutionising urban life in densely populated and expensive New York, San Francisco, London and Shanghai. The concept, rather like an upmarket update of rooming together at university, is apparently

Results

Perennial Real Estate's 2Q earnings drop by half to $8.6 mil despite revenue growth

SINGAPORE (Aug 3): Perennial Real Estate Holdings reported 2Q18 earnings of $8.6 million for 2Q ended June, halving from the group’s 2Q17 earnings of $17.1 million due to a comparatively lower fair value gain and higher finance costs than a year ago.

Broker's Calls

5 defensive S-REITs to consider as hospitality industry outlook clouds

SINGAPORE (July 31): OCBC Investment Research is maintaining “neutral” on Singapore REITs (S-REITs) with a weaker outlook for the hospitality sub-sector, which has prompted a pushback in expectations for a pick-up in Singapore hotel RevPAR this year t

Broker's Calls

Ascendas REIT's UK foray presents a 'wealth of opportunities', says DBS

SINGAPORE (July 27): DBS Vickers Securities is maintaining its “buy” call on Ascendas REIT (A-REIT) with an unchanged target price of $3 on news of the trust’s first foray into Europe with its plans to acquire a portfolio of 12 UK logistics properti
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