Singapore companies which may be in focus on Friday, 6 Dec. 2019: Mapletree Logistics, Golden Agri, Singtel, Keppel and Lendlease Global Commercial REIT.
Hospitality & Tourism
Compass Cove ceased to be a substantial unitholder of Eagle Hospitality Trust, with its direct interest falling to 4.96 percent, Norbert Yuan said Thursday.
These are companies which may be in focus on Thursday, 5 Dec. 2019: Mapletree North Asia Commercial Trust, Keppel REIT, Sembcorp, F&N, SGX and Eagle H-Trust.
Eagle Hospitality Trust said Wednesday the City of Long Beach’s auditor would begin an audit of the Queen Mary lease agreement, marking the sixth audit.
S&P Global Ratings has cut its long-term issuer credit rating on Genting Bhd. to BBB-plus from A-minus, the ratings agency said in a statement Wednesday.
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.
Howard Wu, a principal of Eagle Hospitality Trust’s sponsor, has purchased more units of the trust via his wholly owned company, Wu said Thursday.
These are Singapore companies which may be in focus on Wednesday, 27 November 2019: OCBC, SGX, Hyflux, ST Engineering, Mapletree Logistics Trust and JUMBO.
Moody’s Investors Service said Monday it changed its ratings outlook on Frasers Hospitality Trust to negative from stable.
These are Singapore companies which may be in focus on Monday, 25 November 2019: Thai Beverage, UOL, Keppel, Yanlord, Ezion and Sabana REIT.
K.H. KEA Properties has accepted UOL Group’s S$79.3 million bid for the property at 333 North Bridge Road in Singapore, UOL said in a filing to SGX Friday.
These are Singapore companies which may be in focus on Friday, 22 November 2019: Mapletree Logistics Trust, OCBC, SGX, Halcyon Agri, ST Engineering and UOB.
CityDev and CapitaLand said Thursday they plan to redevelop the Liang Court site after CDL Hospitality Trust agreed to sell its interest in Novotel Singapore Clarke Quay.
These are Singapore companies which announced share buybacks on Wednesday, 20 November 2019: Jardine Matheson, OCBC, Keppel REIT and Sembcorp Industries.
These are Singapore companies which may be in focus on Wednesday, 20 November 2019: Oxley, UEL, Ascott Residence Trust and Ascendas Hospitality Trust.
These are Singapore companies which may be in focus on Tuesday, 19 November 2019: MCT, Soilbuild Construction, OUE, Far East Orchard and Sheng Siong.
KGI slashed its target price on Eagle Hospitality Trust to S$0.61 from S$0.72, citing concerns over the trust’s Queen Mary property.
Eagle Hospitality Trust laid out its case about its Queen Mary property again Friday, rebutting recent claims and addressing investors’ concerns.
These are Singapore companies which may be in focus on Friday, 14 November 2019: Singtel, Sembcorp Industries, F&N, Old Chang Kee, CapitaLand and Sunvic.
Eagle Hospitality Trust reported Wednesday its 3Q19 net property income came in at US$20.07 million, 2.7 percent below the forecast from its IPO prospectus.
City Developments reported Tuesday its third quarter net profit dropped 33.7% on-year to S$114.96M on costs related to delisting M&C and on lower revenue.
These are Singapore companies which may be in focus on Monday, 11 November 2019: Keppel, CapitaLand, Venture, Far East Orchard, Yoma and Nordic.
Far East Orchard said Friday acquired two student accommodation properties in the U.K. for 66.5 million British pounds, or around S$115.7 million.
Genting Singapore reported Thursday its third quarter net profit dropped 24 percent on-year to S$158.87 million on higher depreciation costs.
ARA US Hospitality Trust reported Wednesday its 3Q19 net property income came in at US$13.50M, missing the US$17.33M forecast from its IPO prospectus.
ARA US Hospitality Trust said Wednesday it entered a deal to acquire a portfolio of three U.S. Marriott-branded hotels from Concord Hospitality for US$84.5M.
Far East Orchard reported Tuesday its 3Q19 swung to a net loss of S$406,000 from a year-earlier net profit of S$564,000 as currency exchange losses widened.
These are Singapore companies which may be in focus Monday, 4 November 2019: Ascendas REIT, CityDev, IREIT, OCBC and Lendlease Global Commercial REIT.
Sengkang Grand Residences, a joint project between CapitaLand and CityDev, met with strong demand on its launch weekend, the developers said Sunday.
Daiwa downgraded Ascott Residence Trust to Hold from Outperform, saying the unit price looks fairly valued after climbing so far this year.
Two of Eagle Hospitality Trust’s large unitholders sold part of their stakes, while stil considered substantial stakeholders, filings to SGX said Friday.
Ascott Residence Trust said Thursday it has divested its stake in the Somerset West Lake Hanoi serviced residence property in Vietnam.
Frasers Hospitality Trust reported Wednesday its fiscal 4Q net property income rose 2.3% on-year to S$30M despite the impact of weaker overseas currencies.
CDL Hospitality Trusts reported Wednesday its 3Q19 net property income fell 1.5 percent on-year to S$35.67 million. The results missed a Daiwa forecast.
Ascott Residence Trust said Wednesday its 3Q19 gross profit rose 1% on-year to S$65M on changes to accounting for leases, partly offset by lower revenue.
These are Singapore companies which may be in focus on Wednesday, 30 October 2019: SATS, Sembcorp, Ascendas Hospitality, Starhill Global REIT and Ezion.
Chip Eng Seng reported Tuesday its 3Q19 net profit tumbled 74.3 percent on-year to S$4.68 million on a lower contribution from property development.
Ascendas Hospitality Trust reported Tuesday its fiscal 2Q net property income rose 3.5% on-year to S$21.2M on the acquisitions of hotels in Japan and Seoul.
Even if Eagle Hospitality Trust loses the income from its Queen Mary property, the unit price will likely still have upside, UOB KayHian said Friday.
Genting Singapore’s stock should trend up as Japan’s bidding process for gaming concessions heads toward a conclusion next year, UOB KayHian said Friday.