The Stewardship Asia Centre (SAC) has unveiled its inaugural Steward Leadership 25 (SL25), an annual list of 25 initiatives from organisations in the Asia Pacific region that create sustainable economic value.SAC is a non-profit organisation established by Temasek in 2014. The SL25 was unveiled with...

OCBC Investment Research is keeping its “buy” call on CapitaLand Ascott Residence Trust (CLAS) with a lower target price of $1.29 from $1.20 previously.This is following the trust’s recent 3QFY2022 ended September business update. During the business update, the trust announced that gross prof...

RHB Group Research has described Singapore’s logistics sector to be in a “sweet spot,” as demand for logistics services rises in the region.The research team has pointed out that as the demand for such services rose, the governments of Indonesia, Malaysia, Singapore and Thailand have embarked ...

Going into 2023, the Singapore REITs (S-REITs) sector may face growing scrutiny on their distribution per unit (DPU) resilience, say CLSA analysts Wong Yew Kiang and Mog Shi Xian. The sector may also see the possibility of asset write-downs from the expansion of cap rates, they add.Earlier in Novemb...

THE following companies saw new developments that may affect trading of their securities on Monday (Nov 21):

THE managers of CapitaLand Ascott Real Estate Investment Trust (CapitaLand Ascott Reit) and CapitaLand Ascott Business Trust said on Friday (Nov 18) that Ascott Reit MTN – a wholly-owned subsidiary of the trustee of CapitaLand Ascott Reit – has issued S$165 million of 5 per cent notes due May 18...

THE managers of CapitaLand Ascott Real Estate Investment Trust (CapitaLand Ascott Reit) and CapitaLand Ascott Business Trust said on Friday (Nov 18) that Ascott Reit MTN – a wholly-owned subsidiary of the trustee of CapitaLand Ascott Reit – has issued S$165 million of 5 per cent notes du...

CapitaLand Group is keeping dry powder for opportunistic acquisitions, say DBS Group Research analysts Derek Tan and Dale Lai. The analysts are bullish on CapitaLand’s stable of listed names, issuing “buy” on the CapitaLand Investment (CLI) and its four REITs.Most CLI REITs have turned cautiou...

Frasers Property (FPL) has announced a strategic initiative that should enable it to narrow the discount between share price and NAV by creating additional value. This involves the setting up of a new entity called Frasers Property Capital.Says group CEO Panote Sirivadhanabhakdi: “We have set up F...

In the six-month T-bill auction that took place on Nov 8 followed by issuance on Nov 14, yields for those T-bills were at 4%. This was lower than the previous auction that took place on Oct 26 where the yield was 4.19%. The non-competitive allocation was 49% compared to 100% in earlier auctions. Non...

The Ascott Limited, a lodging business unit that’s wholly owned by CapitaLand Investment (CLI), has unveiled its new sustainability framework, Ascott CARES.The expanded framework is centred around five pillars, community, alliance, respect, environment and supply chain.The launch was unveiled afte...

This year marks 20 years since real estate investment trusts (Reits) emerged on the Singapore Exchange, with the listing of CapitaMall Trust (now called CapitaLand Integrated Commercial Trust) and Ascendas Reit (now called CapitaLand Ascendas Reit) in 2002.

UOB Kay Hian Research analysts have added Singapore Telecommunications (Singtel), First Resources and Keppel Corporation to their Alpha Picks, while switching out Nanofilm Technologies for the larger-cap Venture Corporation.According to UOBKH analysts, the Alpha Picks outperformed the Straits Times ...

CAPITALAND Investment (CLI) is selling its 91.8 per cent stake by total strata floor area of retail space in Penang’s Queensbay Mall for RM990.5 million (S$295.5 million) to CapitaLand Malaysia Trust (CLMT), CLI announced in a bourse filing on Wednesday (Nov 9) night.

CapitaLand Investment (CLI) is catching up with a robust balance sheet for 3QFY2022 ended September and analysts are keeping positive on the stock.In its 3QFY2022 business update, CLI continued to show operational resilience across all three of its growth drivers: fund management, lodging management...