CapitaLand posts 74% rise in 4Q earnings to S$430.5 mil on higher handover of China projects
CapitaLand reported a 73.8% rise in 4Q16 earnings to S$430.5 million from a year ago on the back of improved operating performance.
It's gonna get darker before S-REIT sector sees breaking dawn
CIMB is maintaining its “underweight” on S-REITs, forecasting DPU growth to be muted in view of the uptick in Fed fund rates and wary of capital depreciation.
Yanlord acquires additional 19.9% stake in Shenzhen land for S$343 mil
Following the acquisition, Yanlord’s indirect interest in Shenzhen Long Wei Xin has increased to 94.9% from the initial 75% which was acquired in 2007 for RMB238.7 million.
Oxley incorporates JVCo in Cyprus to undertake property development
Oxley Holdings says wholly-owned subsidiary, Oxley Holdings (Cyprus), and Planetvision Properties (CY) have incorporated a joint venture company, Oxley Planetvision Properties, in Cyprus.
CapitaLand Retail China Trust raised to ‘buy’ by DBS on overdone fears
DBS Group Research has upgraded CapitaLand Retail China Trust (CRCT) to “buy” from “hold” with S$1.60 (RM5.00) as it believes the stock is oversold following the recent price correction.
Banyan Tree forms JV with Vanke to consolidate China assets
Banyan Tree Holdings and China Vanke Co have agreed to create Banyan Tree China, a new joint venture between Banyan Tree and Vanke, to consolidate the ownership of Banyan Tree-branded hotels and assets in China.
Mapletree Logistics Trust declares 3Q DPU of 1.87 Singapore cents, unchanged from a year ago
The growth in revenue and NPI was mainly driven by contributions from acquisitions, asset enhancement/redevelopment projects completed last year and a stronger performance in Hong Kong...
Oxley posts 163% rise in 2Q earnings
Revenue recognition on the sold units of five of its mixed projects in Singapore and rental income mainly from the group’s 70% stake in [email protected] (the industrial property was completed in June 2015 and has occupancy rate of 95%) also lifted sales.
City Developments to invest in Distrii, China operator of co-working spaces
Founded last January, Distrii already has capacity for more than 2,200 members across nine locations in Shanghai, with 80% of this capacity being taken up already.
CapitaLand Commercial Trust reports 10.1% rise in 4Q DPU to 2.39 Singapore cents
This was a result of CapitaGreen’s contribution to CCT’s 4Q2016 gross revenue and NPI after becoming a wholly-owned property of the trust.
