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.
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 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 will be included in the FTSE EPRA Nareit Global Developed Index, effective 23 December, the U.S. office REIT said Thursday.
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 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 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 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.
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 has become a substantial unitholder of Ascendas REIT, with its direct interest rising to 5.01 percent, the asset manager said Friday.
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 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 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.
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 laid out its case about its Queen Mary property again Friday, rebutting recent claims and addressing investors’ concerns.
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.
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.
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.
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 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 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 reported Tuesday net property income for the 19 July to 30 September period was US$17.91M, 2.8% above its IPO forecast.
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.
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.
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 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.
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 of Eagle Hospitality Trust’s large unitholders sold part of their stakes, while stil considered substantial stakeholders, filings to SGX said Friday.
These are Singapore companies which may be in focus on Wednesday, 30 October 2019: SATS, Sembcorp, Ascendas Hospitality, Starhill Global REIT and Ezion.
These are Singapore companies which may be in focus on Tuesday, 29 October 2019: Temasek, Stamford Land, Cache Logistics Trust, Wilmar, Creative and HPHT.
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.
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 rebutted Thursday claims in an Edge Singapore article that the Queen Mary has fallen into structural disrepair and could be found in default.
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 said Wednesday arbitration proceedings between its U.S. marine subsidiary and Hornbeck Offshore resulted in Horbeck being awarded US$18.03M.
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.
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 said Thursday its private placement of 104.29M new units met with strong demand, pricing at the top of its indicative range.
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 are more dispirited about the potential for a trade war resolution, according to the October BofA-ML fund manager survey, released Wednesday.