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.
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 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.
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.
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.
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 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 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 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 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.
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 reported Tuesday its fiscal 2Q net property income rose 13.3 percent on-year to S$79.99M on contributions from new projects.