DBS upgraded Keppel DC REIT to Buy from Hold, citing “surprise acquisitions” after the REIT announced it would buy Guangdong Data Centre.
Temasek priced US$2.5 billion in notes across 10-year, 20-year and 40-year tranches, Singapore’s state-owned investment company said Tuesday.
Singapore companies which may be in focus on Tuesday, 27 July 2021: CDL Hospitality Trusts, Keppel DC REIT, KORE, LMIRT and ST Engineering.
Ascott Residence Trust said Tuesday DPS rose 95% on-year on divestments and termination-fee income. The results missed Daiwa’s forecast.
KORE reported Monday its 2Q21 net property income slipped 3.3 percent on-year to US$20.23M, while gross revenue declined 3.9 percent on-year.
CDL Hospitality Trusts will expand its strategy to include alternative accommodation, such as rental housing, co-living, student accommodation and senior housing.
Keppel DC REIT entered a deal to acquire Guangdong Data Centre for S$132M from Guangdong Bluesea Data Development (Bluesea).
Temasek plans to launch a three-tranche offering of 10-year, 20-year and 40-year U.S. dollar bonds, the state-owned investment company said Monday.
Lippo Malls Indonesia Retail Trust said Monday its 2Q21 net property income more than doubled amid lower rental and service-charge discounts.
Entities which announced debt listing confirmations Monday, 26 July 2021: Powerlong Real Estate, FLCT Treasury and RKPF Overseas 2020 (A).
Singapore stock briefs for Monday, 26 July 2021: Olam, SIA Engineering, iFAST, Mapletree Commercial Trust, Far East Group and Y Ventures.
Raffles Medical reported Monday its 1H21 net profit climbed 128.7% on-year to S$39.45M as it supported Singapore’s Covid-19 response.
Wealth management platform iFAST reported Friday its 2Q21 net profit increased 55% on-year to S$7.02M as assets under administration climbed.
Mapletree Commercial Trust said Friday its fiscal 1Q net property income rose 22.9% on-year to S$96.90M, mainly on lower rental rebates to tenants.
Daiwa raised its target price on Suntec REIT slightly despite revenue and net property income coming in below its forecasts.
These are stock news briefs for Friday 23 July 2021: Mapletree Industrial Trust, Prime US REIT and Far East Group.
Singapore Exchange plans to acquire FX trading platform MaxxTrader for US$125 million to extend its reach in the OTC FX segment.
ESR-REIT said Friday its 1H net property income rose 8.4% on-year to S$87M, mainly on the absence of year-earlier Covid-19 rental rebates.
Suntec REIT reported Thursday its 1H21 net property income rose 23.9% on-year to S$112.62M, mainly on higher revenue from select properties.
Frasers Centrepoint Trust said Thursday its tenants’ sales edged back up to near pre-Covid levels in fiscal 3Q despite tighter restrictions.