Greater Southern Waterfront expansion could be boon for hospitality REITs

23 Aug 2019 - Singapore Business Review
PM Lee unveiled plans to add more residential and commercial spaces in GSW. Hospitality REITs will benefit from government initiatives to develop new tourism attractions at Sentosa, Pulau Brani and the Greater Southern Waterfront (GSW), according to UOB Kay Hian. The report noted that Pulau Brani has ...

CapitaLand to raise $800m via fixed rate notes

23 Aug 2019 - Singapore Business Review
It will have an annual interest rate of 3.15%. CapitaLand announced that it has priced an offering of $800m fixed rate notes to be issued under a $5b Euro Medium Term Note (EMTN) Programme. The notes will have a 3.15% interest rate per annum and will be due on 2029. It will carry an issue price of 100% ...

Big banks hit averaged dividend yield of 4.5% in H1

22 Aug 2019 - Singapore Business Review
DBS led the pack with a dividend yield of 4.9%. DBS Group (DBS), Oversea-Chinese Banking Corp (OCBC) and United Overseas Bank (UOB) have maintained an average indicative dividend yield of 4.5% in H1 as the Big Three continues to enjoy strong profit growth, according to an SGX report. Also read: Singapore ...

OCBC in talks with Singtel for virtual bank license: report

22 Aug 2019 - Singapore Business Review
The bank may take a minority stake in the joint venture. Bloomberg reports that OCBC is said to be in talks with companies including Singtel about seeking one of the city-state’s planned virtual bank licenses, according to people familiar with the matter. Singapore’s second-largest bank would take a ...
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Top five industrial stocks' average returns hit 7.2% YTD

21 Aug 2019 - Singapore Business Review
These five have the highest ROE, averaging 15.7%. The five best performing industrial stocks averaged a total return of 7.2% in YTD, bringing their one-year and three-year total returns to 3.8% and 33.3%, respectively, according to SGX. These five are identified to be ST Engineering, Venture Corp, SATS, ...

Listed utility firms' returns hit 13.2% in July

20 Aug 2019 - Singapore Business Review
The three top-performing stocks had total returns of 19.9%. Singapore’s utility sector registered a total return of 13.2% for the first seven months of 2019 and garnered $11m of net institutional inflows from May to July 2019, SGX Research revealed. SGX’s five largest capitalised utility plays – Keppel ...

ST Engineering's half-year order book hit record-high of $15.6b

20 Aug 2019 - Singapore Business Review
Around $3.8b of it is expected to be delivered in the second half of the year. ST Engineering’s order book has reached a record-high $15.6b as at end-June, which underpins healthy growth prospects in the near-to-medium term, according to analysts. Of this book figure, $3.8b is expected to be delivered ...

Growing taxi competition trims ComfortDelGro's long-term growth prospects: analysts

19 Aug 2019 - Singapore Business Review
The new regulation on ride-hailing companies will not lessen strain on taxi-business. Analysts have trimmed down growth and net profit expectations for ComfortDelGro (CDG) by up to 4% amidst increasing taxi competition in Singapore. Also read: ComfortDelGro profits up 1.2% YoY to $75.9m in Q2 Taxi revenue ...

Singtel to receive boost as contributions from associates recover: analyst

19 Aug 2019 - Singapore Business Review
Bharti’s losses are expected to narrow to $345m by FY20. Singtel will see better days soon as profit contributions from its regional associates, particularly Bharti, are set to recover and boost the telco’s struggling bottomline, according to analysts. Also read: Singapore telcos brace for higher capex ...

Top five S-REITs averaged total return of 47.4% YTD

16 Aug 2019 - Singapore Business Review
RHT Health Trust has the highest total return at 98.2%. The five best-performing S-REITs hit an average total return of 47.4% in YTD, according to a note from the SGX. These five are RHT Health Trust, Ascendas Hospitality Trust, Ascendas India Trust, Lippo Malls Indonesia Retail Trust and Mapletree Commercial ...