Singapore’s plans to allow more quarantine-free travel will “breathe life” into travel-related stocks, including retail and hospitality REITs and aviation plays, DBS said.
Singapore companies which may be in focus Tuesday, 5 Oct. 2021: Sembcorp, SPH REIT, AA REIT, Shangri-La Asia, Darco Water, Swiber, Asian Micro and LifeBrandz.
SPH REIT reported Monday its fiscal 2H net property income increased 24.6% on-year as rental assistance and interest rates declined.
Singapore companies which may be in focus Tuesday, 21 Sept. 2021: AIMS APAC REIT, AEM, OxPay, Grab, Biolidics, China Environmental Resources, SPH REIT, JUMBO, FSL Trust, Hafary and United Global.
A host of S-REITs were added to the FTSE EPRA Nareit Global Developed Index, in a move likely to bring more attention from global investors.
DBS raised its target price on SPH REIT to S$0.92 from S$0.80, pegged to Keppel’s offer to take the REIT’s sponsor, SPH private.
Keppel’s bid to buy SPH has put another S-REIT merger in sight, with Keppel REIT and SPH REIT likely to consider a deal, Daiwa said Monday.
Singapore companies which may be in focus Tuesday, 3 August 2021: Wilmar, Keppel, SPH, SPH REIT, Keppel REIT, Ascendas REIT, Credit Bureau Asia and Asian Healthcare Specialists.
Singapore companies which may be in focus on Monday, 2 August 2021: DBS, iFAST, Yangzijiang, China Sunsine, Sheng Siong, Accordia Golf and Keppel REIT.
Keppel offered to buy Singapore Press Holdings for S$2.24B, with a plan to delist and privatise the company after carving out its media assets.
Daiwa raised its target price for SPH REIT to S$1.01 from S$0.92 on a stronger recovery outlook for the Paragon mall from fiscal 2023.
SPH REIT reported Monday its fiscal 3Q gross revenue increased 22.2 percent on-year to S$209.6 million as rent relief for tenants declined.