Investing ideas

SPH REIT becomes latest casualty of analyst downgrades as Covid-19 risks persist

SINGAPORE (Apr 2): Despite a fairly strong set of 2QFY2020 results, SPH REIT held back on distributions to unitholders in anticipation of near-term challenges brought about by the Covid-19 outbreak

Results

SPH REIT's 2Q DPU plunges 79% to 0.3 cent as Covid-19 uncertainties loom

SINGAPORE (Apr 1): SPH REIT has reported distribution per unit (DPU) of 0.3 cent for 2QFY2020 ended February, some 78.7% lower than DPU of 1.41 cents for the corresponding quarter last year. 

Advertisement

Investing ideas

Retail REITs could see DPU cut by up to 19% this year, says CGS-CIMB

SINGAPORE (Mar 31): Real estate investment trusts in the retail space could see a huge dent in their distribution per unit (DPU) for FY2020 as a result of Covid-19 and the, according to CGS-CIMB Re

Broker's Calls

Analysts slash earnings forecasts for ComfortDelGro as Covid-19 slams brakes on taxi business

SINGAPORE (Mar 31): ComfortDelGro’s share price has plunged some 37% amid a worsening Covid-19 pandemic. But the worst is far from over. 

STI watch

STI bounces back as market welcomes end to volatile quarter

SINGAPORE (Mar 31): The benchmark Straits Times Index (STI) climbed 2.02% on Tuesday morning, as a volatile quarter for global financial markets came to an end.

Results

Don Agro posts 16.9% drop in FY earnings to $5.2 mil, proposes maiden dividend of 0.7 cent per share

SINGAPORE (Mar 31): Russia-based agricultural company Don Agro International saw its full-year earnings fall 16.9% to $5.2 million for FY2019 ended December, from $6.4 million a year ago.

Global Economy

Analysts divided on whether the market rout is past its worst

(Mar 30): Strategists at JPMorgan Chase & Co have concluded that most risk assets – a universe that typically includes stocks and credit – have seen their low points for the recession that’s gr

Be informed of the stories that matter