Nothing but blue skies in November, BofA-ML fund managers survey finds
All it took was another rate cut: Economic growth expectations surged and risk-taking took off in November, according to the Bofa-ML fund managers survey.
Trade War
Perennial Real Estate reports 3Q19 swung to net loss on year-ago gain, higher finance costs
Perennial reported Tuesday it swung to a net loss of S$9.93 million for the third quarter, due to a year-ago fair value gain and higher finance costs.
AIMS APAC REIT’s fiscal 2Q net property income climbed 17 percent
AIMS APAC REIT reported Tuesday its fiscal 2Q net property income increased 16.6% on-year to S$22.49 million on higher gross revenue after an acquisition.
Why interest rates are heading toward zero (even in the US)
The ECB’s decision to cut rates is a “game changer,” set to force the hand of the Fed, Markus Schomer, chief economist at PineBridge, said Monday.
UPDATE: Ascendas REIT reports fiscal 2Q net property income increased 12 percent on UK acquisitions
Ascendas REIT reported Friday its fiscal 2Q net property income climbed 12% on-year to S$177.9M on the acquisitions of 38 logistics properties in the U.K.
UPDATE: UOB reports 3Q19 net profit grew 8 percent on higher trading and investment income
UOB reported Friday its third quarter net profit climbed 8 percent to S$1.12 billion on stronger client franchise income and trading and investment income.
Hi-P International reports 3Q19 net profit fell nearly 3 percent
Hi-P International reported Wednesday its third quarter net profit fell 2.7 percent on-year to S$32.87 million as the gross profit margin declined.
Hutchison Ports Holdings Trust reports 3Q19 net profit fell 3 percent
Hutchison Ports Holdings Trust reported Friday its profit attributable to unitholders, or net profit, fell 2.9% on-year to HK$232.5M (S$40.44M).
Cache Logistics Trust reports 3Q19 net property income fell 8 percent
Cache Logistics Trust reported Friday its 3Q19 net property income fell 8.3% on-year to S$21.14M, partly on converting the Cache Gul LogisCentre to a multi-tenancy structure.
ESR-REIT reports 3Q19 net property income more than doubled after Viva Trust merger
ESR-REIT reported Friday its 3Q19 net profit jumped 101.1 percent on-year to S$45.3 million, partly on the acquisition of Viva Trust’s nine properties.
UPDATE: Frasers Centrepoint Trust reports fiscal 4Q net property income edged down, missing Daiwa forecast
Frasers Centrepoint Trust reported Wednesday its fiscal 4Q net property income slipped 0.1 percent on-year to S$32.85M. The results missed a Daiwa forecast.
Mapletree Industrial Trust reports fiscal 2Q net property income rose 13 percent
Mapletree Industrial Trust reported Tuesday its fiscal 2Q net property income rose 13.3 percent on-year to S$79.99M on contributions from new projects.
Mapletree Logistics Trust reports fiscal 2Q net property income rose 21 percent
Mapletree Logistics Trust reported Monday its fiscal 2Q net property income rose 21% on-year to S$109.13M, coming in slightly ahead of a Daiwa forecast.
Mapletree Logistics Trust enters deal to acquire 7 properties for around S$384 million
Mapletree Logistics Trust said Monday it plans to acquire seven logistics properties across Malaysia, Vietnam and China for around S$383.9 million.
Valuetronics sets up subsidiary to expand Vietnam operations
Valuetronics said Thursday it set up a subsidiary in Vietnam to expand its operations in the country as it shifts some manufacturing out of China.
Qian Hu 3Q19 net profit jumps 72 percent despite dragon fish price war weighing revenue
Ornamental fish breeder Qian Hu reported Wednesday its 3Q19 net profit surged 72 percent on-year to S$301,000, despite a long-running dragon fish price war.
Fund managers grow more depressive on trade war outlook, October BofA-ML survey finds
Fund managers are more dispirited about the potential for a trade war resolution, according to the October BofA-ML fund manager survey, released Wednesday.
UPDATE: Monetary Authority of Singapore eases policy less than some analysts expected
The MAS reduced the Singapore dollar’s rate of appreciation slightly Monday, taking a more prudent approach to easing policy than some analysts expected.
Singapore Deputy PM Heng: Asia remains committed to free trade
The U.S. trade war with China may be drawing unstable lines in the sand, but Singapore’s Deputy PM Heng said Thursday Asia remained committed to free trade.
Fund managers’ recession fears grow, BofA-ML September survey finds
Fund managers’ recession expectations have hit levels last seen during the Global Financial Crisis, according to the BofA-ML September survey Tuesday.