Frasers Centrepoint posts 12% decline in full-year earnings to S$480 mil
SINGAPORE (Nov 9): Frasers Centrepoint Ltd (FCL) reported an 11.
Quill 6 close to being sold, will not be injected into MQREIT
QUILL 6, a 24-storey office building on Lebuh Ampang, Kuala Lumpur — where HSBC Bank Malaysia Bhd has its headquarters — will not be injected into MRCB-Quill Real Estate Investment Trust (MQREIT) as its owner, the Quill Group of Companies, is seeking buyers for the property, according to sources.
Manulife US REIT is the best proxy to a recovering office market
SINGAPORE (Nov 8): Religare Institutional Research has started Manulife US Real Estate Investment Trust with a “buy” recommendation and target price of 95 US cents, given its exposure to the US office market which continues to recover from the global financial crisis.
Lim to inject WCT assets into Pavilion REIT
Businessman Tan Sri Desmond Lim Siew Choon is performing a corporate manoeuvre that may unlock value worth billions after emerging as the largest shareholder in WCT Holdings Bhd last Tuesday, say sources.
Manulife US REIT reports maiden DPU of 2.01 US cents, exceeds IPO profit forecast by 5.8%
SINGAPORE (Nov 7): Manulife US Real Estate Management, the manager of newly-listed Manulife US REIT, posted a distribution per unit DPU of 2.
KLCCP Stapled Group reports higher 3Q profit
KUALA LUMPUR (Nov 4): KLCCP Stapled Group has declared a higher income distribution for the third quarter ended Sept 30, 2016 (3QFY16) on the back of higher earnings.
S-REIT valuations are among the lowest in Asia Pacific. So is it time to jump in?
SINGAPORE (Nov 3): Credit Suisse analysts Sakthi Siva and Kin Nang Chik are maintaining their “underweight” rating on Asia Pacific REITs even as valuations have fallen 12% over the past three months and are trading at 1.
WCT may see changes in business direction following stake disposal
WCT Holdings Bhd (Nov 2, RM1.
WCT names new largest shareholder Desmond Lim as executive chairman
KUALA LUMPUR (Nov 2): Tan Sri Lim Siew Choon, the man behind the Pavilion Group, has been appointed executive chairman of WCT Holdings Bhd with immediate effect.
Is Starhill Global REIT still as bright?
SINGAPORE (Nov 1): DBS Vickers Securities is maintaining its “buy” call on Starhill Global REIT (SGREIT) with an unchanged target price of 87 Singaporean cents, while CIMB Securities is reiterating its “hold” call on the REIT, lowering its target price from 86 cents previously to 81 cents.
