ESR-REIT preferential offering sees strong demand on excess applications
ESR-REIT’s preferential offering received lukewarm interest for acceptances, but stronger demand for excess applications, causing it to be over-subscirbed.
Property
SPH REIT reports fiscal 4Q net property income rose 12 percent on acquisitions
SPH REIT reported Thursday its fiscal 4Q net property income rose 11.8 percent on-year to S$45.81M, mainly on contributions from new acquisitions.
Accordia Golf Trust September player numbers rise 12 percent on-year
Accordia Golf Trust reported Thursday the number of players on its 88 golf courses in September rose 12.2 percent on-year to 521,068.
UPDATE: Singapore stocks to watch Thursday: Frasers Property, Keppel DC REIT, SGX, SembMarine, POSH
These are Singapore companies which may be in focus on Thursday, 10 October 2019: Frasers Property, Keppel DC REIT, SGX, SembMarine and POSH.
Frasers Property JV sells remaining retail assets in Sydney’s Central Park development
JV partners Frasers Property Australia and Sekisui House Australia sold the final three retail assets in Sydney’s Central Park for A$174.5M, the companies said Thursday.
Keppel DC REIT preferential offering met with solid demand
Keppel DC REIT said late Wednesday its preferential offering of 141.99M new units at S$1.71 each met with solid demand, coming in at 175.4% subscribed.
Singapore share buybacks Tuesday: Stamford Land, Eurosports, GRP, CDW, Global Investments
These are Singapore companies which announced share buybacks on Tuesday, 8 October 2019: Stamford Land, Eurosports, GRP, CDW Holding and Global Investments.
Singapore stocks to watch Wednesday: ComfortDelGro, SBS Transit, F&N, Hi-P, Sembcorp
These are Singapore companies which may be in focus on Wednesday, 9 October 2019: Comfort DelGro, SBS Transit, Hi-P, Fraser & Neave and Sembcorp.
Singapore stocks to watch Tuesday: SembMarine, Lendlease Global REIT, Oxley, Chip Eng Seng
These are Singapore companies which may be in focus on Tuesday, 8 October 2019: SembMarine, Lendlease Global Commercial REIT, Oxley and Chip Eng Seng.
Singapore share buybacks Monday: Stamford Land, Anchun, Starburst, GRP, Global Investments
These are Singapore companies which announced share buybacks on Monday, 7 October 2019: Stamford Land, Singapore Medical, Starburst, Anchun and GRP.
Oxley acquires stake in Pindan Group it didn’t already own
Oxley said Monday it acquired the 60 percent of Pindan Group it didn’t already own to settle its claim over a failure to meet agreed performance targets.
UPDATE: How WeWork’s turmoil could hit Singapore property
WeWork’s turmoil has highlighted how the coworking segment has driven office demand in Singapore, potentially signalling tougher times ahead, DBS said.
UPDATE: Singapore stocks to watch Monday: Keppel, Lendlease Global REIT, OCBC, Kingsmen, MeGroup
These are Singapore companies which may be in focus on Monday, 7 October 2019: Keppel, Lendlease Global Commercial REIT, OCBC and Kingmen Creatives.
KGI starts ARA US Hospitality Trust at Outperform
KGI started ARA US Hospitality Trust at Outperform, pointing to select-service hotels’ relatively strong growth rate and higher margins.
Singapore stocks to watch Friday: Ascendas REIT, Manulife US REIT, Raffles Infrastructure, Addvalue
These are Singapore companies which may be in focus on Friday, 4 October 2019: Ascendas REIT, Manulife US REIT, Raffles Infrastructure and Addvalue.
DBS: Where to boldly go for income in a zero- and negative-yield world
DBS Bank Chief Investment Officer Hou Wey Fook said Thursday he’s making a “bold call” on where to look for income: European oil majors.
UPDATE: Singapore stocks to watch Thursday: Lendlease Global REIT, Citic Envirotech, Sunvic, Spackman, Rex
These are Singapore companies which may be in focus on Thursday, 3 October 2019: Lendlease Global Commercial REIT, Sunvic, Citic Envirotech and Spackman.
Singapore share buybacks Wednesday: Yangzijiang, Stamford Land, HRnetGroup, Eurosports
These are Singapore companies which announced share buybacks on Wednesday, 2 October 2019: Yangzijiang, Stamford land, HRnetGroup and Singapore Shipping.
Lendlease Global Commercial REIT units climb in trading debut
Lendlease Global Commercial REIT posted a strong trading debut, ending Wednesday up 4.54 percent at S$0.92, compared with the IPO price of S$0.88.
UPDATE: Singapore stocks to watch Wednesday: Lendlease Global REIT, CapitaLand, Frasers Property, Ezion
These are Singapore companies which may be in focus on Wednesday, 2 October 2019: Lendlease Global Commercial REIT, CapitaLand, Ascendas India Trust and Ezion.
Singapore share buybacks Tuesday: Keppel REIT, Stamford Land, Food Empire, Eurosports
These are Singapore companies which announced share buybacks on Tuesday, 1 October 2019: Keppel REIT, Stamford Land, Food Empire and Eurosports.
Lendlease Global Commercial REIT offering meets strong demand, raises more than S$1B
Lendlease Global Commercial REIT said Tuesday its IPO met with strong investor demand, with units set to begin trading on Wednesday at 2:00 P.M. SGT.
Frasers Centrepoint Trust, Frasers Property stakes in Tiong Bahru Plaza owner rise
Frasers Centrepoint Trust and Frasers Property said Tuesday their stakes in PGIM Real Estate AsiaRetail Fund have risen to a cumulative around 87.9 percent.
CapitaLand plans to more than double India assets under management to S$7B by 2024
CapitaLand plans to increase its assets under management in India to S$7B by 2024, more than double the current level, the property developer said Tuesday.
UPDATE: Thakral JV acquires Queensland property to develop senior-living community
Thakral’s joint venture, GemLife, has acquired 4.4 hectares of land in Australia, to develop an over-50s lifestyle resort, the property company said Monday.
UPDATE: Singapore stocks to watch Tuesday: Keppel REIT, ComfortDelGro, BreadTalk, Hyflux, First REIT, GENS
These are Singapore companies which may be in focus on Tuesday, 1 October 2019: BreadTalk, Genting Singapore, Hyflux, First REIT, Sunpower and Spackman.
Boustead Projects JV to acquire Singapore industrial building for S$77 million
Boustead Projects’ 51%-owned joint venture, BP-TPM, entered a deal to acquire a Singapore industrial property for S$77.4 million, the company said Tuesday.
CapitaLand Mall Trust obtains S$200 million green loan
CapitaLand Mall Trust obtained a S$200 million five-year green loan from OCBC Bank, marking its first foray into green financing, the REIT said Tuesday.
ComfortDelGro enters deal to sell one West London property and buy another
ComfortDelGro said Tuesday it entered a deal to sell the Alperton Bus Garage in West London and acquire another property in West London.
Keppel REIT to divest Bugis Junction Towers for S$548 million
Keppel REIT plans to divest Bugis Junction Towers to Village Prop for S$547.5 million, 243 percent above its 2006 purchase price, the REIT said Tuesday.
Singapore share buybacks Monday: Yangzijiang, Jardine Matheson, Stamford Land, Food Empire
Singapore companies which announced share buybacks on Monday, 30 September 2019: Yangzijiang, Jardine Matheson, Stamford Land, Food Empire and Global Investments.
Genting Singapore files to issue as much as 350 billion yen in bonds
Genting Singapore has filed to issue as much as 350 billion yen in yen-denominated bonds in Japan, the integrated casino-resort operator said Monday.
KGI rates Uni-Asia at Outperform, saying Japan hotels are ‘hot’
KGI kept an Outperform on Uni-Asia after visiting its Japan hotels and residential properties, amid upcoming catalysts for the country’s hospitality sector.
UPDATE: Singapore stocks to watch Monday: Keppel, ThaiBev, SATS, CityDev, OUE, Keppel Infrastructure
These are Singapore companies which may be in focus on Monday, 30 September 2019: Keppel, CityDev, Keppel Infrastructure Trust, OUE and Thai Beverage.
Singapore share buybacks Friday: Stamford Land, Eurosports, Food Empire, CDW, Global Investments
These are Singapore companies which announced share buybacks on Friday, 27 September 2019: Stamford Land, Eurosports, Food Empire, CDW and Global Investments.
Mapletree Commercial Trust units drop sharply after announcing MBC II acquisition
Mapletree Commercial Trust units dropped as much as 4.66% in early trade Friday after the REIT said it would acquire MBC II for S$1.55B.
UPDATE: Singapore stocks to watch Friday: Mapletree Commercial, Keppel, SGX, CapitaLand, ST Engineering
These are Singapore companies which may be in focus on Friday, 27 September 2019: SGX, CapitaLand, ST Engineering, Straits Trading and Raffles Education.
UPDATE: Mapletree Commercial Trust to acquire Mapletree Business City (Phase 2) for S$1.55 billion
Mapletree Commercial Trust said Friday it is acquiring Mapletree Business City (Phase 2) from Mapletree Investments’ subsidiary Heliconia Realty for S$1.55B.
Keppel Land China to acquire Shanghai commercial property for around S$96 million
Keppel said Friday it entered a deal to acquire Zhangjiang Micro-electronic Port Block #3, a commercial property in Shanghai for CNY493M.
Singapore share buybacks Thursday: Jardine Matheson, Stamford Land, Eurosports, GRP
These are Singapore companies which announced share buybacks on Thursday, 26 September 2019: Jardine Matheson, Stamford Land, Eurosports and HRnetGroup.