SINGAPORE (Jan 4): Phillip Capital is maintaining its Straits Times Index (STI) target of 3,400 in Oct 2019 – which pegs the market at 13.5 times, or around its ten-year average valuation – as the research house advocates a lower-beta equity portfolio for the year, with an emphasis on dividend-...

Submitted By:  Arianna Danganan Case Study:  No KDC SGP 5’s occupancy rate improved to 84.2% in Q3 versus 73.9% in Q2. Keppel DC REIT is forecasted to see hig...

SINGAPORE (Dec 4): OCBC Investment Research expects Singapore REITs (S-REITs) to record positive DPU growth next year. For those under its coverage, OCBC is projecting growth of 0.3% for FY19F and 2.4% for FY20F. In terms of sub-sector preference, OCBC prefers retail REITs, followed by industrial R...

SINGAPORE (Oct 22): Keppel Corp — once the world’s largest jack-up rig manufacturer — is taking a few steps to boost its earnings independently of the oil price rebound and a possible recovery in the global offshore and marine (O&M) sector. For the past 2½ years, Keppel has had to lean ...

Submitted By:  Staff Reporter Case Study:  No It was dragged mainly by higher operating costs. Keppel Telecommunications & Transportation (Keppel T&T) profi...

ANALYSTS were generally cheered by the financial results of Keppel DC Reit (real estate investment trust) as the data centre-focused Reit on Tuesday posted a third-quarter distribution per unit (DPU) of 1.85 Singapore cents, up 6.3 per cent from 1.74 Singapore cents for the same period a yea...

SINGAPORE (Oct 17): Analysts are maintaining Keppel DC REIT (KDCREIT) at “buy” on healthy demand for data centres, AUM growth via acquisition and 3Q18 healthy operating metrics. KDCREIT last night reported its 3Q18 gross revenue and NPI jumped 34.0% and 33.4% y-o-y to $47.6 million and $43 milli...

Submitted By:  Luz Wendy Noble Case Study:  No Its occupancy rate stood at 93.1%. Keppel DC REIT’s net property income (NPI) improved 33.4% YoY in Q3, an anno...

SINGAPORE (Oct 16): Keppel DC REIT announced that its distribution per unit (DPU) for 3Q18 was 6.3% higher at 1.85 cents, compared to 1.74 cents in 3Q17. This brings 9M18 DPU to 5.47 cents, 4.8% higher than 5.22 cents in 9M17. Gross revenue for the quarter was 34% higher at $47.6 million from $35.5 ...

SINGAPORE (Oct 12): The Dow Jones Industrial Average on Wednesday fell more than 800 points while the S&P 500 had its worst day since February as technology stocks were battered. Another reason for the meltdown was the spike in the US 10-year Treasury bond yield from 3.06% on Oct 2 to 3.18% on O...

SINGAPORE (Oct 8): CGS-CIMB Securities continues to rate Singapore conglomerates as “overweight” as limited organic growth has forced them to go beyond their existing turf. Notably, in the past six months, Sembcorp Industries acquired mini-power plants in the UK for about £286 million ($518.2 m...