Higher interest rates and the weak Malaysian ringgit and Australian dollar have dampened Starhill Global REIT’s (SGREIT) outlook, say OCBC Investment Research analysts.The REIT owns interests in Wisma Atria and Ngee Ann City, two trophy assets located at the heart of Orchard Road in Singapore. In ...

THE following companies saw new developments that may affect trading of its securities on Friday (Oct 28):

STARHILL Global Real Estate Investment Trust’s (Reit) net property income rose 8.4 per cent to S$37.2 million in its first fiscal quarter ended Sep 30, from S$34.3 million a year ago.

Starhill Global REIT has reported gross revenue of $47.6 million, 6.2% higher y-o-y for the 1QFY2022/2023 ended Sept 30.Net property income (NPI) for the quarter stood 8.4% higher y-o-y at $37.2 million.The higher gross revenue and NPI were attributable to the cessation of rental rebates after the c...

Lippo Malls Indonesia Retail Trust has been removed as one of the constituents from the FTSE Group’s Benchmark Index during its review in September. The trust was previously in 18th place out of the 29 constituents during the June review.The Benchmark Index is relevant to the determination of the ...

RHB Group Research analyst Vijay Natarajan has maintained his “buy” call with an unchanged target price of 68 cents on Starhill Global REIT, as he thinks the REIT will see better prospects from the return of high end tourists.In a Sept 9 note, Natarajan says that the REIT has “demonstrated res...

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...

City Developments’ (CDL) shareholders would have cheered the special dividend of 12 cents per share and an ordinary interim dividend of three cents per share in 1HFY2022.During the six months ended June, CDL divested the Millennium Hilton Seoul for around $1.2 billion, and a gain of some $500 mill...

DBS Group Research analysts Geraldine Wong and Derek Tan have kept a “buy” rating on Starhill Global REIT with an unchanged target price of 75 cents.“Starhill Global REIT stands out as one of the prime beneficiaries of a return of tourists,” write the analysts, seeing how the REIT’s tenant...

In the current earnings season to-date, 23 S-Reits and property trusts have released their financial results or business updates for period ending Jun 30. Another 15 trusts are expected to announce between Aug 1 to Aug 12.

The manager of Starhill Global REIT has reported a distribution per unit (DPU) of 2.02 cents for the 2HFY2022 ended June, down 2.4% from the DPU of 2.07 cents from the same period before.The DPU in the 2HFY2021 includes the release of $4.6 million from the deferred distributable income from FY2020, ...

STARHILL Global Reit reported a 1.8 per cent increase in distributable income for FY2021/22 to S$89.8 million from S$88.2 million.

On May 23, unitholders of Mapletree Commercial Trust (MCT) voted overwhelmingly in an extraordinary resolution to change its fee structure to that of Mapletree North Asia Commercial Trust (MNACT), which MCT is acquiring. MCT’s current fee structure constitutes a base fee of 0.25% per annum of the ...

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 — ...

On April 22, stapled security holders of CDL Hospitality Trusts (CDLHT) voted overwhelmingly to approve resolution 4, the implementation of a distribution reinvestment plan (DRP).In a 24- page circular on the rationale for DRP, CDLHT’s manager said: “the cash which would otherwise have been paya...