Stocks to watch: ST Engineering, CICT, CLI, Suntec Reit, Sheng Siong, Frasers Centerpoint Trust, Clint
Therese Soh - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Apr 24):
Interest rates will continue to be a key driver of total returns for S-REITs
The Edge Singapore - The maturity of Singapore’s S-REIT sector is evidenced by its yields and price-to-net-asset-value (P/NAV) ratios. Inevitably, investors, particularly global investors, prefer Singapore portfolios. REITs with mainly Singapore portfolios tend to trade at a premium. CapitaLand Integrated Commercial T ...
Meta plans 10% layoffs as AI spending soars: Source
Meta will lay off about 8,000 employees and leave thousands of other positions unfilled next month, the source said.
ESR-Reit reports 2.3% dip in Q1 NPI to S$80.6 million
Deon Loke - Total distributable income rises 1.4% year on year to S$44.8 million
Strike vote at major Australian LNG plant set to close
PERTH/TOKYO, April 24 : A vote on whether workers strike at Inpex’s Ichthys liquefied natural gas facility in Australia over pay and conditions will close later on Friday, after an employment agreement offered by the Japanese gas giant was refused last week. A strike at the 9.3 million metric-ton- ...
Capex, depreciation could rise as data centres focus on AI
Goola Warden - Data centres in REITs pose a conundrum for investors. These buildings form a major part of the value chain for artificial intelligence (AI); they also house the cloud, which powers much of our digital life, including social media, banking and financial services, and e-commerce. On the other hand, th ...
Frasers Centrepoint Trust’s H1 DPU rises 1.4%to S$0.06136
Therese Soh - Distribution to unitholders for the period up 13.6% at S$125 million
American CEOs in their 60s are the new norm, with companies picking older bosses
With more years of experience making hard calls, older executives might be better able to seize the opportunities
CICT’s Q1 NPI up 7.9% to S$314 million; Reit unveils S$160 million revamp of Plaza Singapura, The Atrium@Orchard
Deon Loke - Revenue for the quarter improves 8% at S$426.7 million
CICT’s Q1 NPI up 7.9% to S$314 million; trust unveils S$160 million revamp of Plaza Singapura, The Atrium@Orchard
Deon Loke - Revenue for the quarter improves 8% at S$426.7 million
CapitaLand Integrated Commercial Trust posts 7.9% rise in Q1 NPI to S$314.4 million
Deon Loke - Revenue for the quarter up 8% at S$426.7 million
CapitaLand India Trust Q1 net property income up 8% at 3.8 billion rupees
Therese Soh - This comes amid sustained performance of existing properties, contributions from new developments
CapitaLand India Trust Q1 total property income up 3% at 4.9 billion rupees
Therese Soh - This comes amid sustained performance of existing properties, contributions from new developments
Challenges and opportunities facing S-REITs in their third decade, according to REITAS
The Edge Singapore - The REIT Association of Singapore (REITAS) represents the S-REIT sector and focuses on promoting the growth and development of the S-REIT industry. In addition to consulting with regulators and policymakers on issues affecting S-REITs, REITAS organises talks, courses, investor conferences and retail ...
Musk sounds cautious tone on robotaxis amid slower-than-expected rollout
Tesla shares were down more than 3 per cent in afternoon trading on Thursday
Japan's core inflation stays below central bank target
TOKYO, April 24 : Japan's core consumer inflation slowed below the central bank's 2 per cent target for a second straight month in March, data showed on Friday, as government fuel subsidies offset price pressures from the Iran war-induced energy shock.Analysts expect inflation to accelerat ...
Japan's core inflation stays below BOJ target, energy risks grow
TOKYO: Japan's core inflation slowed below the central bank's 2 per cent target for a second straight month in March, data showed on Friday (Apr 24), as government fuel subsidies and moderating food inflation offset price pressures from the Iran war-induced energy shock.Analysts expe
ESR-REIT focuses on NAV and DPU growth, targeting 8%–10% total returns a year
Goola Warden - In a recent interview, Adrian Chui, CEO of ESR-REIT’s manager, says his strategy over the past four years has been clear: to reinforce the quality of earnings as well as the quality of assets. On Feb 26, building on a stronger foundation, ESR-REIT introduced a new strategic framework to succeed th ...
Japan March core CPI rises 1.8% yr/yr
TOKYO, April 24 : Japan's core consumer prices rose 1.8 per cent in March from a year earlier, government data showed on Friday.The core consumer price index, which includes oil products but excludes fresh food prices, compared with economists' median estimate for a 1.8 per cent annual gai ...
Elite UK REIT’s value creation path
Goola Warden - Since Joshua Liaw was appointed CEO of Elite UK REIT’s manager in May 2023, the REIT has undergone multiple key milestones, such as an expanded investment strategy and venturing into the Living Sector to unlock value within the REIT’s portfolio. These initiatives have translated into a recovery ...
Editor's note
Goola Warden - Dear readers, The Singapore REITs market is 24 years old this year, with around 14 of them more than 20 years old. In these 24 years, these S-REITs have weathered the global financial crisis, the European debt crisis, a few pre-Covid interest rate cycles, Covid, inflation, the Ukraine War, the post- ...
Exclusive-SpaceX refinanced debt with stopgap $20 billion loan before IPO filing
NEW YORK, April 23 : Elon Musk's SpaceX took out a $20 billion bridge loan last month to refinance much of its existing debt ahead of its blockbuster U.S. initial public offering, according to a regulatory filing.The borrowing, revealed for the first time in excerpts of its regulatory filings t ...
SGX RegCo’s disclosure push may strain smaller firms, raise box-ticking risk, analysts warn
Ranamita Chakraborty - Ultimately, how companies approach the exercise will decide if the proposed rules will improve transparency and accountability, they add
The world economy is in the shadow of war, and the warning signs are flashing
Global growth is now projected to slow to 3.1% in 2026 and 3.2% in 2027
Intel forecasts second-quarter revenue above estimates, shares jump 15%
INTEL forecast second-quarter revenue above Wall Street expectations on Thursday, underscoring booming demand for the company’s server processors used for artificial intelligence...
Struggling Nike will cut around 1,400 jobs in efficiency push
Its shares have lost more than half their value in the last three years
Iran shows off its control over Hormuz strait, Israel warns of further attacks
The US, despite its more powerful military, is struggling to keep control of the strait
Iran seizes vessel in Strait of Hormuz, defying US naval superiority
The US, despite its more powerful military, is struggling to keep control of the strait
Israel, Lebanon extend ceasefire as Trump seeks ‘best deal’ with Iran
The US Navy has orders to “shoot and kill” Iranian boats laying mines in Hormuz, says Trump
US stocks close lower on fading hopes for quick Iran deal, mixed quarterly earnings
Markets had rallied in recent weeks on hopes of an Iran war resolution
Exclusive-SpaceX warns that inquiries into sexually abusive AI imagery may hurt market access
MEMPHIS, Tennessee, April 23 : The multiple investigations into xAI’s creation and dissemination of sexually abusive imagery may lead the company to lose access to certain markets, parent company SpaceX warned in a prospectus reviewed by Reuters.In a section on risk factors, the S-1 regulatory fil ...
Oil jumps as Iran tensions simmer with Hormuz flows blocked
OIL jumped amid fresh signs of escalation in the Iran war, dimming prospects for an imminent resumption of flows through the Strait of...
Oil rises on concerns over escalating military tensions in the Middle East
Iran on Apr 23 posted video of commandos in a speedboat storming a huge cargo ship
European shares muted as investors assess Middle East developments, corporate earnings
EUROPEAN shares were little changed on Thursday as investor worries over collapsed US-Iran peace talks and weak economic data outweighed upbeat corporate...
