Prime property portfolio makes this Malaysian developer a solid bet
UOB Kay Hian is starting coverage of Hatten Land with a “buy” call and a target price of 43 Singaporean cents.
UOB Kay Hian is starting coverage of Hatten Land with a “buy” call and a target price of 43 Singaporean cents.
CIMB is upgrading Wing Tai Holdings to “add” with a higher target price of S$2.05, on the back of what could be an earnings recovery in FY18.
UOB Kay Hian has downgraded its call on Ascott Residence Trust (Ascott REIT) to “hold” from “buy” previously, following Tuesday’s announcement of its S$442.7 million rights issue to acquire Ascott Orchard Singapore, Citadines City Centre Frankfurt and Citadines Michel Hamburg.
The rights issue by Ascott Residence Trust to raise S$442.7 million for the purchase of three properties in Germany and Singapore will be dilutive to both yield and net asset value (NAV) of the REIT, according to a note by Religare Capital Markets.
OCBC Investment Research is maintaining its “overweight” on local REITs identifying bright spots in certain sub-sectors as well as the potential for bargain hunting even as the sector begins to pullback.
Ascott Residence Trust has launched a fully underwritten renounceable rights issue to raise S$442.7 million.
Singapore is revealed as the third most expensive city in Asia for construction, following Hong Kong and Macau, according to the International Construction Costs Index published on Monday by built assets design and consultancy firm Arcadis.