DBS Group Research analysts Rachel Tan and Derek Tan have maintained their “buy” recommendation and target price of $1.40 on Keppel REIT following the REIT’s results. On Oct 19, Keppel REIT posted a 4.6% growth y-o-y in its distributable income to $47.6 million for 3QFY2020 ended Sept 30.AdCho...

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THE following companies saw new developments that may affect trading of their shares on Tuesday:

KEPPEL Reit on Monday announced that its distributable income from operations was S$47.6 million for the third quarter, up 4.6 per cent increase year-on-year.

Keppel REIT’s distributable income from operations improved 4.6% y-o-y to $47.6 million in the third quarter ended Sept 30. This was due mainly to the commencement of income contribution from 311 Spencer Street in Melbourne, which achieved practical completion on July 9.AdChoicesADVERTISING Lower ...

ByteDance Ltd., the Chinese owner of video app TikTok, is moving to a bigger office in Singapore’s financial district, paving the way for it to make the city-state its beachhead for the rest of Asia. It has signed an agreement to lease three floors measuring over 60,000 square feet (5,574 square m...

The Singapore market is awakening and the worst of the earnings cuts has passed, say DBS Group Research analysts Yeo Kee Yan and Janice Chua in an Oct 13 report.  Yeo and Chua note that the benchmark Straits Times Index (STI) is trading at slightly above average price-to-earnings (PE) as the 3Q...

As Covid-19 continues to devastate the global economy, DBS Research analyst Yeo Kee Yan and her team have placed their hopes for economic recovery on the successful development of a viable vaccine. With 38 candidates now undergoing clinical evaluations, one or more positive outcomes will be the spar...

The manager of Keppel REIT says that the trustee of the REIT, RBC Investor Services Trust Singapore, has issued $150 million 3.15% sub subordinated perpetual securities pursuant under the Series 004 Tranche 002 Securities programme. The Series 004 Tranche 002 securities will be consolidated and form...

DBS Group Research analysts Rachel Tan and Derek Tan are positive on Keppel REIT’s “kick-starting acquisition mode” to drive its underlying distribution per unit (DPU) growth. The analysts have maintained their “buy” call on Keppel REIT with an increased target price of $1.40 from $1.35 pr...