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SPH REIT's Q2 results get boost from Australia buy

16 Apr 2019 - Singapore Business Review
It bought 85% of Figtree Grove Shopping Centre at a post-cost yield of 5.7%. Singapore Press Holdings Real Estate Investment Trust’s (SPH REIT) growth is expected to be boosted by its acquisitions, following its Singapore and Australia buys, according to a report by DBS Equity Research. The REIT ventured ...

Keppel Infrastructure Trust sinks into the red with $16.21m loss in Q1 2019

16 Apr 2019 - Singapore Business Review
The $775m acquisition cost of Ixom hit profits hard. Keppel Infrastructure Trust (KIT) reversed from a $7.5m profit in 2018 to a $16.21m in loss in Q1 2019 following the heavy acquisition cost of chemical firm Ixom, an announcement revealed. “Excluding the [Ixom] transaction cost, profit attributable ...

Keppel DC REIT's NPI up 26.8% to $43.23m in Q1 2019

16 Apr 2019 - Singapore Business Review
The firm's data centre buys in Germany and Singapore pushed up earnings. Keppel DC REIT’s net property income (NPI) grew 26.8% YoY to $43.23m in Q1 2019 from $34.1m, an announcement revealed. Revenue also jumped 26.4% YoY from $38.01m to $48.03m in Q1 2019. Its distributable income to unitholders also ...

KLCI ekes out slim gains, KLK and Genting up

16 Apr 2019 - The Star Online
KUALA LUMPUR: Blue chips notched slim gains early Tuesday as some buying of KL Kepong and Genting Bhd underpinned the FBM KLCI’s advance but the overall market was lacklustre. At 9.26am, the FBM KLCI was up 0.26 of a point or 0.02% to 1,631.59. Turnover was 399.59 million shares valued at RM132.65mil. ...
klse:2445 klse:3182 sgx:g13

New home sales ballooned 131.6% to 1,054 units in March

16 Apr 2019 - Singapore Business Review
Ongoing projects like The Tre ver, Riverfront Residences and Parc Bottania saw strong market take-up. New home sales surged 131.6% MoM and 47.2% YoY to 1,054 units in March, according to the Urban Redevelopment Authority’s (URA) developers’ sales survey. Including executive condominium (EC) units, developers ...

Chart of the day: Visitor arrivals growth slows to 2% in January-February

16 Apr 2019 - Singapore Business Review
Arrivals from China and the ASEAN region moderated. This chart from Maybank shows that growth of visitor arrivals in Singapore slowed down to 2% in January-February 2019 from 2.4% in Q4 2018 and 7.1% in Q3 2018. Also read: Slowdown in Chinese visitors hits Singapore's aviation stocks in Q4 The weak figures ...

Affin Hwang downgrades Maybank to Hold, TP cut to RM9

16 Apr 2019 - The Star Online
KUALA LUMPUR: Reports of Hyflux Ltd's plan to restart talks with creditor to avoid liquidation could be a positive development for Malayan Banking Bhd although the deadline for the former's debt moratorium in fast approaching. According to Affin Hwang Capital research, Hyflux is exploring various possible ...
klse:5185 sgx:600 klse:1155

Surbana Jurong further subscribes to $300m of Changi Airports' bonds

15 Apr 2019 - Singapore Business Review
This follows after the firm first subscribed for $500m bonds of Changi Airports. Surbana Jurong Capital (Aviation) Pte. Ltd., an indirect wholly-owned subsidiary of Surbana Jurong Private Limited, has on 11 April 2019 subscribed for $300m in aggregate principal amount of bonds and 300 million warrants ...

Over half of large firms to move their finance systems to the cloud: survey

15 Apr 2019 - Singapore Business Review
Respondents also noted that CFOs should expand their roles beyond finance into risk management and cyber security. Over half or 57% of large enterprises in Singapore intend to move their finance systems to the cloud, with one-third (33%) expecting to do so in the next 6-12 months, a report by cloud provider ...

Retail sales slipped 10% in February 2019 to $3.3b

15 Apr 2019 - Singapore Business Review
The early CNY celebration weighed on sales. Retail sales dropped 10% YoY in February 2019 compared to 2018, according to data from the Department of Statistics (SingStat). Excluding motor vehicles, retail sales fell 10.7%. A key contributing factor to the lower retail sales in February 2019 compared ...