Del Monte Pacific swings to fiscal 2Q net loss
Del Monte Pacific said Friday it swung to a fiscal second quarter net loss of US$37.35M, from a year-ago net profit of US$8.43M, due to one-off expenses.
United States
UPDATE: Singapore stocks to watch Friday: STI, Mapletree Logistics, Singtel, Keppel, Lendlease Global REIT
Singapore companies which may be in focus on Friday, 6 Dec. 2019: Mapletree Logistics, Golden Agri, Singtel, Keppel and Lendlease Global Commercial REIT.
Compass Cove ceases to be Eagle Hospitality Trust substantial unitholder
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.
Manulife US REIT added to FTSE EPRA Nareit Global Developed Index
Manulife US REIT will be included in the FTSE EPRA Nareit Global Developed Index, effective 23 December, the U.S. office REIT said Thursday.
Eagle Hospitality Trust: City of Long Beach to conduct Queen Mary lease audit
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 cuts rating on Genting and Resorts World Las Vegas
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.
Ascendas REIT rights issue meets strong demand
Ascendas REIT said Monday its rights issue of 679.09M units to raise S$1.31B met with strong demand, with applications for around 136 percent of the total.
Prime US REIT included in MSCI Singapore Small Cap Index
Prime US REIT has been included in the MSCI Singapore Small Cap Index as of 26 November, the U.S. office REIT said in a filing to SGX Monday.
Morningstar: These US sectors offer value after market run up
In the U.S., the energy and healthcare sectors have underperformed and offer more investor value, Daniel Rohr, head of global equity research at Morningstar, said Friday.
State Street becomes substantial unitholder of Ascendas REIT
State Street has become a substantial unitholder of Ascendas REIT, with its direct interest rising to 5.01 percent, the asset manager said Friday.
Eagle Hospitality Trust sponsor’s principal buys more units
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.
Olam to sell onion and garlic processing facility’s property assets for US$110M
Olam said Monday it entered a deal to sell the real estate assets of its California onion and garlic processing facility to Mesirow Financial for US$110.3M.
KGI cuts Eagle Hospitality Trust target price on Queen Mary concerns
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.
UPDATE: Singapore stocks to watch Monday: Singapore Airlines, OCBC, Lendlease Global REIT, Eagle Hospitality Trust
These are Singapore companies which may be in focus on Monday, 18 November 2019: SIA, OCBC, Lendlease Global Commercial REIT and Eagle Hospitality Trust.
Eagle Hospitality Trust lays out its Queen Mary case — Again
Eagle Hospitality Trust laid out its case about its Queen Mary property again Friday, rebutting recent claims and addressing investors’ concerns.
Eagle Hospitality Trust reports 3Q19 net property income missed IPO forecast on hurricane
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.
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.
Singapore stocks to watch Tuesday: Mapletree Commercial, Sembcorp, Manulife US REIT, Nordic, Accordia Golf
These are Singapore entities which may be in focus on Tuesday, 12 Nov 2019: Mapletree Commercial Trust, NetLink NBN Trust, Sembcorp and Manulife US REIT.
UPDATE: Singapore stocks to watch Monday: DBS, ST Engineering, Keppel, CapitaLand, Far East Orchard, Venture, Yoma
These are Singapore companies which may be in focus on Monday, 11 November 2019: Keppel, CapitaLand, Venture, Far East Orchard, Yoma and Nordic.
ARA US Hospitality Trust reports 3Q19 net property income missed IPO forecasts
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 enters deal to acquire 3 Marriott-branded US hotels
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.
Prime US REIT results beat IPO forecasts
Prime US REIT reported Tuesday net property income for the 19 July to 30 September period was US$17.91M, 2.8% above its IPO forecast.
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.
Manulife US REIT reports 3Q19 net property income climbed 12 percent
MUST reported Monday its 3Q19 net property income grew 11.8% on-year to US$28.12 million on the contributions from the newly acquired Centrepoint property.
Manulife US REIT started at Add by CGS-CIMB
CGS-CIMB started Manulife US REIT at Add with a US$1.12 target price, pointing to its distribution per unit (DPU) yield of 6.6 percent.
Ascendas REIT launches rights issue to raise S$1.31 billion
Ascendas REIT said Friday it launched a rights issue of 498.04M new units to raise around S$1.31B to finance the acquisition of 30 business park properties.
UPDATE: Ascendas REIT to acquire 30 business park properties in US, Singapore from CapitaLand for S$1.66 billion
Ascendas REIT said Friday it entered a deal to acquire 28 U.S. business park properties in the U.S. and two in Singapore for S$1.66 billion from CapitaLand.
Two Eagle Hospitality Trust substantial unitholders sell part of their stakes
Two of Eagle Hospitality Trust’s large unitholders sold part of their stakes, while stil considered substantial stakeholders, filings to SGX said Friday.
UPDATE: Singapore stocks to watch Wednesday: SATS, Sembcorp, Ascendas Hospitality, Starhill Global, Ezion
These are Singapore companies which may be in focus on Wednesday, 30 October 2019: SATS, Sembcorp, Ascendas Hospitality, Starhill Global REIT and Ezion.
UPDATE: Singapore stocks to watch Tuesday: Temasek, Stamford Land, Cache Logistics, Creative, HPHT, Wilmar
These are Singapore companies which may be in focus on Tuesday, 29 October 2019: Temasek, Stamford Land, Cache Logistics Trust, Wilmar, Creative and HPHT.
This is Eagle Hospitality Trust’s worst-case scenario on the Queen Mary
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.
UPDATE: Eagle Hospitality Trust confirms Queen Mary lease not in default
Eagle Hospitality Trust confirmed Monday that neither the REIT nor its sponsor, Urban Commons, were in default of the terms of the lease for the Queen Mary.
Eagle Hospitality Trust rebuts claims its Queen Mary property is in disrepair
Eagle Hospitality Trust rebutted Thursday claims in an Edge Singapore article that the Queen Mary has fallen into structural disrepair and could be found in default.
UPDATE: Singapore stocks to watch Thursday: CapitaLand, CityDev, AA REIT, ST Engineering, Hyflux
These are Singapore companies which may be in focus on Thursday, 24 October 2019: CapitaLand, City Developments, AIMS APAC REIT, ST Engineering and Hyflux.
ST Engineering’s US marine subsidiary to pay US$18 million in arbitration claim
ST Engineering said Wednesday arbitration proceedings between its U.S. marine subsidiary and Hornbeck Offshore resulted in Horbeck being awarded US$18.03M.
Olam enters deal to acquire California almond processor Hughson Nut
Olam said Tuesday it entered a deal to acquire all of California almond processor and ingredient manufacturer Hughson Nut for an enterprise value of US$54M.
UPDATE: Singapore stocks to watch Friday: SPH, Keppel, SGX, CapitaLand, KORE, Olam, Valuetronics
These are Singapore companies which may be in focus on Friday, 18 October 2019: SPH, Keppel, SGX CapitaLand, KORE, Olam and Valuetronics.
Keppel Pacific Oak US REIT private placement meets strong demand
Keppel Pacific Oak US REIT said Thursday its private placement of 104.29M new units met with strong demand, pricing at the top of its indicative range.
Keppel Pacific Oak US REIT launches private placement to raise US$73 million
KORE has launched a private placement of 104.29 million new units at US$0.701 to US$0.725 each to raise at least US$73.1 million, the REIT said Thursday.
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.