Asset Enhancement Initiative (AEI)

Works include the addition of 12 guest rooms and repurposing a former restaurant space into a 352 sq m function room.

DBS analysts Geraldine Wong and Derek Tan have lowered their TP to $1.45 from $1.55 previously.

Units in E-LOG closed 0.5 cent higher or 1.52% up at 33.5 cents on Oct 28.

The total occupancy at NTP+ as at March 10 stands at 83.4%.

Quarter-on-quarter, DPU was up 16.7% from the 1.512 cents posted in 2QFY2020.

Shares in Tee International closed 0.3 cents higher, or 10.7% up at 3.1 cents on Oct 15.

CCT gets boosted on potential merger with CMT

SINGAPORE (Oct 23): Analysts are keeping a rather neutral stance on CapitaLand Mall Trust (CMT) following its results announcement on Oct 21.

SINGAPORE (Oct 22): CGS-CIMB Securities and RHB Research are maintaining their respective “hold” and “neutral” calls on Frasers Commercial Trust (FCOT), both with a $1.50 price target each.

SINGAPORE (Oct 16): TEE International’s wholly-owned subsidiaries, PBT Engineering and Trans Equatorial Engineering, have been awarded new engineering contracts worth $58 million to carry out asset enhancement initiative (AEI) and mechanical & electrica