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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
September 11, 2018
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.
August 21, 2018
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.
August 12, 2018
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.
August 10, 2018
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.
August 10, 2018
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.
August 08, 2018
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
August 07, 2018
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.
August 03, 2018
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
July 31, 2018
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
July 27, 2018