OCBC Investment Research is keeping its “buy” call on CapitaLand Ascott Residence Trust (CLAS) with a lower target price of $1.29 from $1.20 previously.This is following the trust’s recent 3QFY2022 ended September business update. During the business update, the trust announced that gross prof...

Going into 2023, the Singapore REITs (S-REITs) sector may face growing scrutiny on their distribution per unit (DPU) resilience, say CLSA analysts Wong Yew Kiang and Mog Shi Xian. The sector may also see the possibility of asset write-downs from the expansion of cap rates, they add.Earlier in Novemb...

The Ascott Limited, a lodging business unit that’s wholly owned by CapitaLand Investment (CLI), has unveiled its new sustainability framework, Ascott CARES.The expanded framework is centred around five pillars, community, alliance, respect, environment and supply chain.The launch was unveiled afte...

UOB Kay Hian Research analysts have added Singapore Telecommunications (Singtel), First Resources and Keppel Corporation to their Alpha Picks, while switching out Nanofilm Technologies for the larger-cap Venture Corporation.According to UOBKH analysts, the Alpha Picks outperformed the Straits Times ...

Analysts are positive on CapitaLand Ascott Trust’s (CLAS) prospects after the trust posted its business update for the 3QFY2022 ended Sept 30 on Oct 28.While no financials were provided in the voluntary update, PhillipCapital analyst Darren Chan has upgraded his recommendation to “buy” as he s...

PHILLIP Securities has upgraded its call on CapitaLand Ascott Trust (Clas) to “buy” following the release of the real estate investment trust’s (Reit) <a href="https://www.businesstimes.com.sg/companies-markets/capitaland-ascott-tru... target="_blank">Q3 business u...

CapitaLand Ascott Trust (CLAS) has priced a 16.5 billion yen ($157.4 million) sustainability-linked bond under its $2 billion multicurrency debt issuance programme.The bond was launched in partnership with the International Finance Corporation (IFC), where IFC is the sole subscriber of the sustainab...

CAPITALAND Ascott Trust (Clas) has partnered with the International Finance Corporation (IFC) to launch the corporation’s first sustainability-linked bond in the hospitality sector globally, its managers said in a bourse filing on Monday (Oct 31).

CAPITALAND Ascott Trust (Clas) on Friday (Oct 29) reported an 88 per cent increase in revPAU (portfolio revenue per available unit) to S$132 due to higher occupancy and average daily rates. 

CapitaLand Ascott Trust (CLAS) says its gross profit for the 3QFY2022 ended Sept 30 has stood at around 90% of its pre-Covid-19 levels.Revenue and gross profit for the quarter stood higher y-o-y due to contributions from seven new properties as well as from the full quarter’s contribution from Wil...

THE following companies saw new developments that may affect trading of its securities on Friday (Oct 28):

Yee Chia Hsing, executive director of Datapulse Technology , on Oct 21 acquired 77,900 shares on the open market at 9.69 cents each. Before the transaction, Yee did not hold any Datapulse shares.Yee, the sole board director with an executive role, was appointed to this post less than three months ag...

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...

LATEST Global Real Estate Sustainability Benchmark (GRESB) rankings released on Tuesday (Oct 18) showed that CapitaLand Ascott Trust (Clas) continued to hold pole position as the global sector leader for hotels for the second time running.

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...