MAPLETREE Industrial Trust (MIT) has agreed to sell a data centre located at 26A Ayer Rajah Crescent, Singapore to Equinix Singapore at a proposed price of S$125 million. Equinix had exercised its purchase option that was within the 2015 lease agreement it had with MIT.

Singapore’s stock market is in the “final ‘despair’ phase”, say DBS analysts Yeo Kee Yan and Janice Chua who think this stage begun on June 10 when the Straits Times Index (STI) was at 2,800 points. “This is typical of the last phase of the bear market characterised by the worsening head...

Amid 2Q20 earnings season, CGS-CIMB Research analysts Lim Siew Khee and Jeremy Ng have identified consumer goods, tech, and REITs as outperforming sectors for the month of July, while sectors such as consumer services, property, and oil & gas (O&G) underperformed. In a report dated July...

The benchmark Straits Times Index (STI) slid 1.3% week-on-week to 2,581.66 this morning, after Singapore’s factory output contracted for the second straight month in June. On July 24, Singapore’s factory output fell 6.7% y-o-y, which fell short of the 2.6% forecast by private-sector economists i...

Analysts are keeping a positive stance on Mapletree Industrial Trust (MINT) despite the trust recording a 7.4% y-o-y drop in its latest 1Q21 DPU to 2.87 cents. This was despite distributable income for the quarter increasing by 11.6% y-o-y to $70.6 million. But DPU for the quarter decreased due to t...

SINGAPORE (July 22): Analysts from CGS-CIMB, DBS Group Research, OCBC, and PhillipCapital have raised their target prices on Keppel DC REIT, due to met expectations on its 1H20 results. However, the analysts have maintained their “hold” or “neutral” calls on the REIT. On July 21, Keppel...

SINGAPORE (July 22): Mapletree Industrial Trust (MIT) has weathered the brunt of Singapore’s circuit breaker earlier this year and is now riding on digital tailwinds, thanks in part to its “cautious stance” in cash management, say DBS Group Research analysts Derek Tan and Dale Lai in a report ...

MAPLETREE Industrial Trust's (MIT) distribution per unit (DPU) stood at 2.87 Singapore cents for the first quarter ended June 30, down from 3.1 cents a year ago.

SINGAPORE (July 21): The manager of Mapletree Industrial Trust (MIT) has reported a distribution per unit (DPU) of 2.87 cents for 1Q20/21 ended June 30, down 7.4% from the DPU of 3.10 cents in 1Q19/20. Distributable income for the quarter stood at $70.6 million, up 11.6% from the previous year’s $...

MAPLETREE Industrial Trust's (MIT) distribution per unit (DPU) stood at 2.87 Singapore cents for the first quarter ended June 30, down from 3.1 cents a year ago.