Yangzijiang Shipbuilding Price target: DBS Group Research ‘buy’ $1.70 Strong earnings growth DBS Group Research analyst Ho Pei Hwa has kept her “buy” recommendation on Yangzijiang Shipbuilding with a higher target price of $1.70 from $1.40 previouslyThe new target price of $1.70 is based on...

DBS Group Research analysts Dale Lai and Derek Tan have kept their “buy” call on Frasers Logistics and Commercial Trust (FLCT) following its 2HFY2022 ended September results announcement.FLCT’s FY2022 DPU of 7.62 cents came slightly below the analysts' projections. This is mainly due to weaker...

The pace and scale of changes in the last two and a half years have been extreme. Even as the worst of the pandemic seems to be over, economies and countries globally continue to face tough challenges. The lingering pandemic, the situation in Ukraine, tightening financial conditio...

BILLION DOLLAR CLUB: REITS Frasers Logistics & Commercial Trust (FLCT) is one of the REITs under Frasers Property with a portfolio of more than 100 logistics and commercial properties worth around $6.5 billion spread over five major developed countries — Singapore, Austral...

DESPITE no year-on-year change to its distributable income for the second half-year ended Sep 30, Frasers Logistics & Commercial Trust (FLCT) posted a lower distribution per unit (DPU) of 3.77 Singapore cents for the period, a 2.8 per cent fall from 3.88 cents.

Frasers Logistics and Commercial Trust (FLCT) plans a DPU of 3.77 cents for its 2HFY2022 ended Sept, down 2.8% y-o-y. This brings its full year distribution to 7.62 cents from 7.68 cents.Adjusted net property income for 2HFY2022 was down 10.6% y-o-y to $162.1 million, while revenue was down 9.7% y-o...

The manager of Frasers Logistics & Commercial Trust (FLCT) has completed the divestment of the leasehold property at 2-24 Douglas Street, Port Melbourne in Australia but at a lower consideration of A$41.525 million ($37.5 million).This is lower than the initial consideration of A$42.525 million,...

Despite improving rent reversions and rise in service charges, Credit Suisse expects most Singapore REITs (S-REITs) to see slower or declining DPU in 2023.In their unrated sector report, analysts Nicholas Teh and Louis Chua expect 8% to 10% reversions for office, -1% to 3% for retail and 2% to 3% fo...

UOB Kay Hian analyst Jonathan Koh is maintaining his “overweight” rating on the Singapore REITs (S-REITs) sector after a spate of panic selling within the sector due to the financial turmoil in the UK.The selling, which affected most S-REITs that have exposure to the UK and Europe, also spilt ov...

Citi analyst Brandon Lee has downgraded Mapletree Logistics Trust from “buy” to “neutral” with a lowered target price of $1.75. This is in light of benign forward DPU growth with a three-year CAGR of 1% as compared to a five-year historical CAGR of 3.4% observed by Lee, and a subdued acquisi...

UOB Kay Hian analyst Jonathan Koh is maintaining his optimistic outlook for logistics REITs in Singapore with an “overweight” call for the sub-sector.Koh has also kept his “buy” call for both Frasers Logistics and Commercial Trust (FLCT) and Mapletree Logistics Trust (MLT).In his report, the...

Analysts are positive on Ascendas REIT after the REIT announced the proposed acquisition of a cold storage facility at 1 Buroh Drive within the Jalan Buroh Food Zone for $191.9 million on Sept 14. This is the REIT’s maiden foray into cold storage facility investment in Singapore, and aligned with ...

ON average, S-Reits have maintained an average gearing ratio of 36.8 per cent, based on latest company filings which were extracted in mid-August 2022. The 5 S-Reits with the lowest gearing ratios reported are Digital Core Reit, Sasseur Reit, Frasers Logistics & Commercial Trust, SPH...

UOB Kay Hian Group Research analyst Jonathan Koh has kept a “buy” rating on Frasers Logistics and Commercial Trust (FLCT) with a lowered target price of $1.60 from $1.65.Koh’s report comes amid a slowdown in Germany’s economy due to supply chain disruptions, surging energy prices and the slo...

There are different views on this, but on the whole the move to Sora is meant to be neutral with reference to SOR. On the other hand, it appears that S-REITs, corporates and any entity or consumer with a loan are likely to face higher funding costs. That impact has not yet been fully felt because th...