Stocks to watch: Mapletree NAC Trust, SPH, CapitaLand, Medtecs, Raffles Education

15 Oct 2020 - The Business Times
THE following companies saw new developments that may affect trading of their securities on Thursday: Mapletree North Asia Commercial Trust (MNACT): It has received interim payments totalling HK$263 million (S$46 million) in insurance claims for property damage and revenue loss due to business interruption ...
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CapitaLand's Ascott secures record over 2,100 new units in China

15 Oct 2020 - Singapore Business Review
The lodging business unit signed more than 5,600 units in China to date. The Ascott Limited (Ascott) has secured more than 2,100 new units across 12 properties in China in the last three months, signing more than 5,600 units across 26 properties in the country to date. It registered a 60% YoY growth ...
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Straits Organization rebrands to ST Hospitality

21 Sep 2020 - Singapore Business Review
Former Ascendas Hospitality Trust CEO Tan Juay Hiang has been appointed as senior adviser. F&B player Katrina Group’s wholly-owned subsidiary Straits Organization has rebranded to ST Hospitality, a press release said. In the same announcement, ST Hospitality shared plans for more property launches in ...
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CapitaLand's Rochester Commons to be completed in Q4 2021

10 Sep 2020 - Singapore Business Review
It will feature a hotel, an office tower, heritage bungalows, and a centre for learning technologies. CapitaLand’s Rochester Commons in Singapore’s one-north is slated for completion by Q4 2021, an announcement revealed. The 2.4 hectare integrated campus-style development, designed by Gensler, will feature ...
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Hospitality sector face slow recovery in H2: analyst

4 Sep 2020 - Singapore Business Review
The rise of staycation and travel bubbles could provide support to the sector. Whilst the outlook remains challenging overall, Singapore’s hospitality REITs could expect to see slow recovery in the second half of the year as markets slowly reopen, reports OCBC Investment Research. First half results ...
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Hospitality sector face slow recovery in H2: analyst

3 Sep 2020 - Singapore Business Review
The rise of staycation and travel bubbles could provide support to the sector. Whilst the outlook remains challenging overall, Singapore’s hospitality REITs could expect to see slow recovery in the second half of the year as markets slowly reopen, reports OCBC Investment Research. First half results ...
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Governance index leaps to new high, but still room for improvement

5 Aug 2020 - The Business Times
Singapore THE Singapore Governance and Transparency Index (SGTI) 2020 surged to a record high, but two crucial components - accountability and audit as well as disclosure and transparency - have been falling and warrant concern, as industry players see an even greater need for governance to survive the ...
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Ascott Residence Trust looking at rental housing; DPS down 69% for H1

29 Jul 2020 - The Business Times
Singaopre ASCOTT Residence Trust (ART) is considering an expansion of its portfolio in the rental housing market as a means of improving its resilience. "(We're) a bit more selective in the assets we want to acquire, with a longer stay segment in our portfolio . . . Rental housing... To continue reading ...
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Stocks to watch: Great Eastern, MNACT, Ascott Residence Trust, StarHub, Parkway Life Reit

28 Jul 2020 - The Business Times
THE following companies saw new developments that may affect trading of their securities on Tuesday: Great Eastern Holdings: Great Eastern on Tuesday posted a net profit of S$297.5 million for the second quarter ended June 30, 2020, 76 per cent higher than S$169 million a year ago. Shares of Great Eastern ...
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Ascott Residence Trust's income down 56% to $32.6m

28 Jul 2020 - Singapore Business Review
It saw 21 of its properties close temporarily during the pandemic. Ascott Residence Trust’s (ART) distributable income crashed 56% YoY to $32.6m in H1, from $74.6m in H1 2019, the company revealed in a news release. Revenue fell 16% to $208.5m over the same period. This was mainly attributed to the drop ...
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