These are Singapore companies which may be in focus on Monday, 2 Dec. 2019: ThaiBev, Lendlease Global Commercial REIT, DBS, Temasek, OCBC and No Signboard.
CapitaLand Mall Trust reported Monday its 3Q19 net property income rose 17.6 percent on-year to S$144.22 million. The results beat forecasts from Daiwa.
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.
Analysts weigh in on CapitaLand Mall Trust’s second quarter earnings.
Daiwa downgraded CapitaLand Mall Trust to Hold from Outperform, saying the growth outlook appears to be priced in after the unit price jumped this year.
CapitaLand Mall Trust reported Tuesday its 2Q19 net property income rose 10.2 percent on-year to S$133.15 million after the acquisition of Westgate mall.
The Funan mall opened Friday, with pictures suggesting large crowds, after a three-year redevelopment period, CapitaLand and CapitaLand Mall Trust said.
Funan mall reached 95 percent committed occupancy ahead of its opening Friday, CapitaLand and CapitaLand Mall Trust said Tuesday.
The retail component of the Funan, owned by CapitaLand and CapitaLand Mall Trust, is set to re-open on 28 June, two months ahead of schedule.
UOB KayHian upgraded CapitaLand Mall Trust to Buy, calling it a beneficiary of the Jurong Lake District’s development and as Funan is set to begin contributing.
The newly redeveloped Funan mall’s two office towers have reached 98 percent pre-leasing commitment, CapitaMall Trust said in a filing to SGX Wednesday.
CapitaLand Mall Trust can surprise on the upside, with investors likely to apply higher valuations, DBS said after the REIT reported “marvelous growth.”