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...

Starhill Global REIT has reported a 4.2% and 8.7% y–o-y increase in gross revenue and net property income respectively for its 3QFY2021 ended March.The REIT’s revenue stood at $48.4 million, while NPI was at $35.8 million. This was mainly due to the cessation of rental rebates following the comp...

STARHILL Global Reit posted a net property income (NPI) of S$38.5 million for its third fiscal quarter, up 8.7 per cent from S$35.4 million the year before.

Singapore’s reopening continues to gain ground, says CGS-CIMB Research analyst Lock Mun Yee, putting SIA Engineering Company (SIAEC), Singapore Post (SingPost) and SingTel in good stead for the coming months.“Sectors that will benefit include retail and office landlords, transport and those tour...

The semiconductor sector is also primed to benefit since improvements in power in the Metaverse unleash greater data consumption. Moreover, a greater use of silicon for the sector is noted to further its content gains into user hardware, connectivity, storage and cloud computing, according to the an...

However, the analyst points out that the REIT’s rent reversion is expected to remain under pressure at FY2022 at a range of -10% to -20%.This, he says, is mitigated slightly by the fact that only 14.8% of leases are pending renewal in FY2022.In Malaysia, the REIT’s asset enhancement at The Starh...

Singapore REITs (S-REITs) with retail exposure are expected to see a short boost this year, thanks to the government announcing a delay in the goods and services tax (GST) hike. In its latest Budget 2022 announcement on Feb 18, finance minister Lawrence Wong announced a happy surprise for Singaporea...

Analysts from OCBC Investment Research (OIR) and Soochow CSSD Capital Markets have rated “hold” on Starhill Global REIT, with the recommendation from the latter being a downgrade. The lacklustre recommendation was due to the REIT’s weaker-than-expected results for the 1HFY2021/2022 ended Decem...