Joan Ng
Weekend Comment Apr 4: Property blues PDF Print E-mail

Tags: Ascendas India Trust | Ascendas REIT | Capitacommercial Trust | Capitaland | Capitamall Trust | CDL | Centurion Corp | China New Town Development Co | City Developments | Fragrance Group | Frasers Centrepoint | GLP | Ho Bee Land | Hongkong Land Holdings | Keppel Land | Suntec Reit | Uol Group | Wing Tai Holdings

Written by Joan Ng   
Friday, 04 April 2014 21:55

ON APRIL 1, the Urban Redevelopment Authority released its flash estimate of the price index for private residential property in 1Q2014. The index is estimated to have fallen 2.7 points q-o-q, from 214.3 points in 4Q2013 to 211.6 points in 1Q2014. This represents a 1.3% decline, accelerating from the 0.9% decline reported in 4Q2013.
Real estate-related stocks, on the other hand, have been surprisingly buoyant. The FTSE ST Real Estate Index ended the month of March up 1%, according to FTSE’s monthly report. This was below the 2.5% gain in the Straits Times Index (STI) and the 1.3% gain in the FTSE ST All-Share Index. Nevertheless, it suggested that investors still see value in select property counters.
Last Updated on Friday, 04 April 2014 22:01
Weekend Comment Feb 14: Taking Comfort overseas PDF Print E-mail
Written by Joan Ng   
Saturday, 15 February 2014 13:50

SBS TRANSIT RECORDED its third consecutive year of losses in its local public scheduled bus business and start-up losses on its new Downtown Line operations, but parent ComfortDelGro Corp managed to finish the year on a strong note thanks to revenue from its overseas businesses. Overseas operations contributed 40.5% of the company's revenue in 2013 and 48.9% of operating earnings.

For the full year, ComfortDelGro's revenue grew 5.7% to a record $3.8 billion. If not for the negative translation effect of the weaker Australian Dollar and Sterling Pound, revenue would have increased by $237.3 million or 6.7%. Earnings, too, rose 5.7% to $263.2 million.

Last Updated on Saturday, 15 February 2014 13:51
Weekend Comment Dec 20: Selective consumption PDF Print E-mail

Tags: Courts Asia | Del Monte Pacific | Osim International | Sheng Siong Group | Super Group | Thai Beverage

Written by Joan Ng   
Friday, 20 December 2013 21:29

THE INITIAL EUPHORIA following confirmation that the US Federal Reserve would begin cutting back on its monetary easing appears to have faded. On Dec 19, the benchmark indices for the US markets closed mixed. The Nasdaq Composite Index declined 0.3%, the Dow Jones Industrial Average rose 0.1% and the Standard & Poor’s 500 Index declined 0.1%.

Last Updated on Friday, 20 December 2013 21:33