As the Singapore REIT (S-REITs) sector gained some 1.3% on the week from May 16 to 31, UOB Kay Hian analyst Jonathan Koh has kept his “overweight” call on the sector. In his June 2 report, Koh noted that Singapore should be able to ease safe distancing measures after June 13, echoing Prime Minis...

The manager of Lendlease Global Commercial REIT (LREIT) has appointed Ng Hsueh Ling as its new chairman effective June 1. She will take over from outgoing chairman Anthony Peter Lombardo, who commences his new role as the Lendlease group CEO and managing director on the same day. Lombardo will remai...

Keppel Bay Tower has been converted into a limited liability partnership following the acquisition by the manager of Keppel REIT. Keppel REIT (Singapore) Trust and Keppel REIT have entered into a limited liability partnership on May 21 to regulate the partnership of Keppel Bay Tower LLP. See: Keppe...

Photo: Albert Chua/The Edge Singapore On the back of the introduction of stricter measures in the community that will affect certain Singapore REIT (S-REIT) subsectors such as retail and hospitality, analysts remain positive on the sector and see any weakness in share price as an opportunity to accu...

Following the introduction of tighter measures to curb social gatherings, the team of analysts at DBS Group Research say they expect to see increased volatility in the trading of S-REITs that are dependent on the re-opening of the economy in the near term. To Derek Tan, Rachel Tan, Dale Lai and Gera...

A rally in one of Asia’s best-performing stock markets is stalling amid rising virus cases at home and a rethink of the global reflation trade. Second only to Taiwan among Asia’s major benchmarks this year, Singapore’s Straits Times Index has slipped almost 1% so far in May, paring 2021’s ga...

Keppel REIT Fin. Company (KRFC), a wholly-owned subsidiary of Keppel REIT, has obtained a green loan facility of $120 million. The facility is secured with a corporate guarantee by Keppel REIT’s trustee, RBC Investor Services Trust Singapore. Under the terms of the facility, KRFC may have to prepa...

RHB Group Research analyst Shekhar Jaiswal says the cabinet reshuffle, which will see Lawrence Wong becoming the new Minister for Finance, as well as other shifts within six other ministries, will not impact his view on Singapore’s economic or market outlook. “We expect Singapore to remain polit...

Analysts from CGS-CIMB Research and Maybank Kim Eng are mixed on Keppel REIT’s 1QFY2021 ended March business update which came out on April 21. CGA-CIMB analyst Lock Mun Yee positively views the REIT’s performance, highlighting that new acquisitions and interest cost savings boosted its distribu...

THE following companies saw new developments that may affect trading of their securities on Thursday: