HSBC Global Research expects to see a “relatively uneventful reporting period” as Singapore REITs gear up to report their financial results for the quarter ended December 2016 over the coming weeks.
Maybank Kim Eng is maintaining a “neutral” stance on Singapore’s property sector while positioning defensively at the lower end of the risk spectrum, expressing a preference for exposure to stable platforms over trading portfolios.
This was mainly due to the absence of one-off distribution of the S$9.11 million (RM27.36 million) divestment gain which was equally distributed in the four quarters in FY2015.
DBS Vickers Securities is keeping its “hold” call on CapitaLand Mall Trust (CMT) with a higher target price of S$2.23 (RM6.69), from S$2.20 previously.
CapitaLand's wholly-owned serviced residence business unit, The Ascott, is acquiring a 221-unit serviced residence in Docklands, Melbourne, for A$71 million (S$71 million) (RM210 million) as part of its partnership with Australian-based apartment operator Quest Apartment Hotels.
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