RHB Group Research analyst Vijay Natarajan has kept a “buy” rating on Prime US REIT with a target price of US$1.02 ($1.40).According to Natarajan, he believes that the stock has underperformed YTD largely due to misplaced concerns on a prolonged and deep impact to office assets from work from ho...

Global issues like the Russsia-Ukrainian War and supply chain disruptions continue to affect markets around the world. RHB Group Investment Bank CEO Ganesh Sabaratnam observes that central banks today are treading a fine line between attempting to cap inflation without impacting economic growth — ...

RHB Group Research analyst Shekhar Jaiswal reiterates a barbell portfolio strategy recommendation with a mix of growth and defensive Singapore equities for 2QFY2022 amid the country’s reopening of international borders and the domestic economy.Although the reopening as well as the government’s a...

Prime US REIT has reported distributable income of US$20.9 million ($29.1 million) for the 1QFY2022 ended March, up 19% y-o-y.The REIT’s two new assets, Sorrento Towers and One Town Center contributed to the growth.For the 1QFY2022, Prime US REIT’s gross revenue increased 13.6% y-o-y to US$40.8 ...

Prime US Reit posted net property income of US$25.4 million (S$35.2 million) for the first fiscal quarter ended Mar 31, 2022, up 10.4 per cent from US$23 million from that in the corresponding quarter last year.

Investors in Singapore equities should maintain a balanced portfolio in 2Q2022. Despite reopening, risks are aplenty, says RHB Group Research analyst Shekar Jaiswal.“For 2Q2022, Singapore’s equity market outlook will continue to depend on how well stocks and sectors deal with: uncertainty over t...

SGX lists 3 pure-play US office S-Reits – Manulife US Reit, Prime US Reit, and Keppel Pacific Oak US Reit.  The trio have a combined market capitalisation of S$3.8 billion, average distribution yield of 8.7 per cent and trade at a price-to-book ratio of 0.9 times.

“These are positive catalysts for more offshore production activities which translate to higher day rates for vessel charter,” writes Lim.“[Kim Heng's] margin is expected to expand further as well following higher utilisation of its fleet,” she adds.Kim Heng has also made efforts to grow in ...

Another factor in favour of Prime, Natarajan says, is the office supply in its sub-market, which remains relatively limited. For FY2022, about 11% of its leases by income are due for renewal.Notably, he highlights that a tenant at Reston Square, Virginia (Whitney, Bradley & Brown, which makes up...

It is tough being the manager of a REIT with US properties listed in Singapore, with the exception Digital Core REIT. For some reason, investors just do not value US S-REITs with commercial properties at more compressed yields. This is despite a rally of sorts in Singapore-based office S-REITs — e...