News by Michelle Zhu

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 has named CapitaLand Commercial Trust (CCT) as its top “buy” pick in the office sector with an unchanged target price of S$1.81 (RM5.60).

A series of carnival-themed events and activities for all members of the Bukit Panjang community will take place on the date in commemoration of the launch.

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.

RHB Singapore is initiating coverage on Manulife US REIT with a "buy” recommendation with a target price of 96 US cents (S$1.37) (RM4.28).

Once an investor favourite just a few years ago, Singapore has now sunk to “near the bottom” of the rankings it once topped while struggling with overcapacity, falling demand and a slump in its residential sector.

Revenue declined 3.4% to S$3,439.6 million, mainly because of lower contributions from the Singapore and Australia strategic business units.

CapitaLand Ltd has announced the appointment of Andrew Lim as its new group chief financial officer (CFO) with effect from Jan 1, 2017.

Gross revenue was 1.1% under the forecast US$28.5 million at US$28.2 million, as recoverable property operating expenses were lower than forecast due to lower recovery revenues.  

DBS analyst Derek Tan notes the improved occupancy in the REIT’s Wisma Atria retail property over the last three quarters, and expects the re-opening of Isetan to drive more footfalls into the mall...