As the US Federal Reserve (US Fed) hiked its rates by 75 basis points for the third consecutive quarter after the Federal Open Market Committee (FOMC) meeting on Sept 21, UOB Kay Hian analyst Jonathan Koh sees that the “ferocious rate hikes” have almost reached a “climax”.“Based on the Fed...

Top Glove Price target: CGS-CIMB Research ‘reduce’ 50 sen Tough times ahead CGS-CIMB Research analyst Walter Aw has retained his “reduce” call on Top Glove Corporation after the group posted its results for the 4QFY2022 and FY2022 ended August.In 4QFY2022, Top Glove reported a loss of RM52....

Frasers Centrepoint Trust (FCT) may be back in the running among the Singapore REITs (S-REITs) bidding for the Mercatus portfolio now that the portfolio may exclude AMK Hub and, or Nex, say DBS Group Research analysts Rachel Tan, Geraldine Wong, Percy Leung, Derek Tan and Jeff Yau.The portfolio coul...

PhillipCapital Research analyst Darren Chan has kept his “accumulate” rating on Frasers Centrepoint Trust (FCT) as the REIT’s occupancy and tenant sales have already recovered to above its pre-pandemic levels.However, Chan has lowered his target price to $2.38 from $2.64 previously as he incre...

Frasers Centrepoint Trust (FCT) on Sept 12 announced that it will be acquiring an additional 10% stake in Waterway Point for a consideration of $132.3 million. This raises the trust’s stake in the mall located in Punggol to 50.0% from 40.0% previously.Following this move, analysts are upbeat on FC...

UOB Kay Hian analyst Jonathan Koh has maintained his “overweight” rating for retail REITs with downtown malls showing signs of recovery and increasing rent prices in suburban malls proving resilient and attractive.With retailers now operating at full capacity and without restrictions since group...

The manager of Frasers Centrepoint Trust (FCT) announced that it will be acquiring an additional 10% stake in Waterway Point for $132.3 million, raising its total stake in the mall to 50.0%.Under the terms of this deal, HSBC Institutional Trust Services, as the trustee of FCT, will be acquiring from...

THE following companies saw new developments that may affect trading of their securities on Tuesday (Sep 13):

THE trustee of Frasers Centrepoint Trust (FCT) has entered into 2 agreements to acquire an additional 10 per cent interest in Waterway Point, a 4-storey suburban mall in Punggol, for S$132.3 million.

UOB Kay Hian analyst Jonathan Koh has maintained his “overweight” call on the overall Singapore REITs (S-REITs) sector, even as the sector declined in the two weeks from Aug 16-31.The FTSE ST Real Estate Investment Trusts Index declined 4.3% in the past two weeks, underperforming the bench Strai...

Frasers Centrepoint Trust Price target: UOB Kay Hian ‘buy’ $2.74 One of the most defensive S-REITs Frasers Centrepoint Trust (FCT) is one of the most defensive S-REITs, thanks to its support from essential services, says UOB Kay Hian Research analyst Jonathan Koh.Essential services, comprising ...

UOB Kay Hian analyst Jonathan Koh is of the view that Lendlease Global Commercial REIT (LREIT) can benefit from the potential revival of the Kuala-Lumpur-Singapore High-Speed Rail (HSR), maintaining his “buy” call and target price of 99 cents on the REIT.On Aug 22, Malaysia’s prime minister Is...

Emperador, which listed on the Singapore Exchange (SGX) in July, has displaced ComfortDelGro (CDG) as one of the 30 constituents on the benchmark Straits Times Index (STI).The Mainboard-listed brandy maker received its eligibility to list on the SGX on April 13. It is the first Phillipine Stock Exch...

DBS Group Research analysts Yeo Kee Yan and Janice Chua are anticipating more “sideways gyrations” for the benchmark Straits Times Index (STI) as the Fed continues to be bent on arresting inflation by raising rates, even if it comes at the expense of sub-par growth.To the analysts, the better-th...

Frasers Centrepoint Trust (FCT), which is one of the most defensive Singapore REITs (S-REITs), boasts defensive strength supported by essential services, says UOB Kay Hian Research analyst Jonathan Koh.“Essential services account for 45% of its total net lettable area (NLA) and contribute 54.4% of...