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Centurion announces 4Q earnings of $5.9 mil after adjustments

SINGAPORE (Feb 27): Centurion Corp posted earnings of $5.9 million for the 4Q ended Dec 2017, nearly doubling from its 4Q16 earnings of $2.9 million a year ago after adjusting for fair value losses on investment properties and assets held for sale, provid

Global Markets

Mizuho targets foreign student boom with Japan dormitory fund

TOKYO (Aug 16): Mizuho Financial Group Inc. is raising a fund to build dormitories to profit from the shortage of accommodation for the surging number of international students at Japan’s universities.  

Broker's Calls

Banyan Tree swings back to profitability in 4Q with earnings of $8.5 mil

SINGAPORE (Feb 23): Banyan Tree Holdings, the manager and developer of luxury hotels, resorts and spas in Asia, has declared $8.5 million in 4Q earnings on higher operating profit – a turnaround from the $18.4 million loss posted in 4Q15.

Property

Brisbane faces potential oversupply amid Aussie student housing boom

SINGAPORE (Dec 30): As Australia continues to rapidly expand its purpose built student accommodation (PBSA) offering with new supply of commercially-operated student beds, signs of potential oversupply are beginning to surface, particularly in Brisbane.

Ascott targets millennials with new co-living hospitality brand, Lyf

SINGAPORE (Nov 24): The Ascott Limited, CapitaLand’s serviced residence unit, has launched a new co-living hospitality concept brand Lyf, pronounced ‘life'.

Broker's Calls

No ‘Golden Week’ for Singapore hoteliers this month

SINGAPORE (Oct 5): UOB Kay Hian says Singapore’s hoteliers may have less to cheer during China’s National Day Golden Week. That's the seven day-long holiday which started this week and marks one of the nation’s biggest events for outbound travel

Singapore’s Jan-June CPI falls 0.9% on year

SINGAPORE (July 25): From January to June (1H2016), Singapore’s Consumer Price Index for all items in general households, fell 0.9% year-on-year, a further decline from the 0.7% decline seen in 2H2015.
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