Capitaland Integrated Commerical Trust (CICT) has entered into three interested person transactions with subsidiaries of Temasek Holdings worth a total of about $8.5 million. The largest transaction is between HSBC Institutional Trust Services in its capacity as trustee-manager of CICT subsidiary RC...

The sale of the retail malls under Mercatus Co-operative, a unit of NTUC Enterprise Co-operative, will be keenly watched, says DBS Group Research analysts Geraldine Wong and Derek Tan in a June 23 report.On June 16, Bloomberg reported that the NTUC unit is exploring a sale of its retail malls, AMK H...

Times are tough. Period. Just when the world was reaching the light at the end of the tunnel, another tunnel has appeared and again the light seems far away. The Covid-19 pandemic is almost history, but the world is smack in the middle of an ongoing war between Russia and Ukraine, as well as tension...

UBS analyst Michael Lim has downgraded Suntec REIT to “sell” from “buy” as he sees the REIT as being most exposed to rising funding costs among the counters the brokerage covers.Lim has also lowered his target price on Suntec REIT to $1.52 from $1.70 previously.“Our dividend discount model...

DBS Group Research analysts Andy Sim, Geraldine Wong and the Singapore research team are recommending investors buy into staple consumer plays such as Sheng Siong and Kimly as prices in Singapore continue to increase.In March and April, the Singapore consumer price index (CPI) saw y-o-y increases of...

Maintaining the barbell approach recommended by analysts is proving heavy this year.Singapore investors not only have to contend with new waves of Covid-19 in July, as warned by health minister Ong Ye Kung, but also consider a host of worries abroad.RHB Group Research analyst Shekhar Jaiswal lists t...

REITs’ unit prices are affected by a myriad of factors. For investors and market watchers who wonder why REITs’ price to net asset value ratios (P/NAV) vary between more than 2x for ParkwayLife REIT (PLife REIT) to 0.53x for Lippo Mall Indonesia REIT (LMIRT) and BHG Retail REIT, look no further ...

Maybank Securities analysts Chua Su Tye and Li Jialin have maintained their “positive” rating on the Singapore REITs (S-REITs) sector, although with an eye toward rising interest rates and costs.“Funding cost concerns have gained prominence with the Fed’s steepeningrate hike path,” the ana...

As the US Federal Reserve expects a total of seven interest rate hikes in 2022, DBS Group Research analysts Yeo Kee Yan, Janice Chua and Woon Bing Yong see a “base building month ahead” with June marking a peak in rate hike worries.The brokerage’s rates strategist is also estimating inflation ...

On May 23, unitholders of Mapletree Commercial Trust (MCT) voted overwhelmingly in an extraordinary resolution to change its fee structure to that of Mapletree North Asia Commercial Trust (MNACT), which MCT is acquiring. MCT’s current fee structure constitutes a base fee of 0.25% per annum of the ...