SINGAPORE (July 2): Analysts are taking a second look at the Europe-focused IREIT Global (IREIT), for its resilience during the Covid-19 pandemic that has caused deep wounds in several real estate operators. “IREIT’s predominantly blue-chip tenant base has minimised the impact from the ongoing C...

SINGAPORE (June 29): The second phase of the reopening of Singapore includes broader economic segments including food and beverage (F&B) and retail, while the active number of Covid-19 cases have been halved from early June, says Maybank Kim Eng analyst Thilan Wickramasinghe. Notably, utilisatio...

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SINGAPORE (June 25): CGS-CIMB is maintaining the property and development sector at “overweight” with CapitaLand, City Developments, and UOL as top picks after a total of 12 land sites were released by the government land sale programme (GLS) for 2H20. “Developers’ valuations are attractive,...

(June 22): Equity analysts with Morgan Stanley are forecasting a 14% total return potential for Singapore equities over the next 12 months, citing a bottoming-out of the local economy, low valuations and strong dividend yields. “In our base case scenario, we see growth driven by a rebound in corp...

SINGAPORE (June 2): While Covid-19 has affected the outlook of Singapore’s residential sector, RHB analyst Vijay Natarajan believes the market might see a price correction instead of a collapse. This is due to low interest rates, lesser room for developers to cut prices on limited margins, and suf...

SINGAPORE (May 29): RHB Group Research analyst Vijay Natarajan is upgrading City Developments (CDL) to a “buy” from the previous “hold” with a lower target price of $9.50 as the stock trades below global financial crisis (GFC) levels.  While CDL, like all other property heavyweights in Sing...

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

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CITY Developments Limited (CDL) and its joint-venture associates sold 185 homes worth S$278.1 million for the first three months ended March 31, compared to 173 units valued at S$516.3 million in the same period last year.