Results
Starhill Global REIT reports 19.2% lower NPI in 1QFY2020/2021 due to rental assistance
The manager of Starhill Global REIT reported gross revenue of $43.1 million, down 10.3% y-o-y for 1QFY2020/2021 ended September.
REITs
Potential salvager of EHT to be announced 'imminently'
DBS Trustee will comply with a directive by the Monetary Authority of Singapore to remove the current REIT manager of Eagle Hospitality Trust.
Broker's Calls
NPI recovery underway for AIMS APAC REIT: Maybank Kim Eng
Maybank Kim Eng analyst Chua Su Tye has maintained his “buy” call on AIMS APAC REIT (AA REIT) with the same target price of $1.50 following its 2QFY2021 results posted on Oct 27.
Singapore-Malaysia ties
Singapore and Malaysia to strengthen bilateral cooperation in energy sector
Singapore’s Energy Market Authority (EMA) and Malaysia’s Energy Commission (Suruhanjaya Tenaga – ST) signed a Memorandum of Understanding (MOU) to strengthen bilateral cooperation in the energy sec
Singapore economy
DBS Group Research ups Singapore's FY2020 growth forecast, says recovery 'underway' but remains uneven
DBS economist Irvin Seah has revised his full year growth forecast for Singapore in 2020 to -6.0%, up from -6.5% previously, in anticipation of an economy on the mend and recovery in some regional
Broker's Calls
It's raining gloves and Riverstone is looking at higher revenue in the next three years: UOB Kay Hian
The second wave of Covid-19 infections occurring in several countries has increased the Average Selling Prices (ASPs) of healthcare and cleanroom gloves by around 15% month-on-month for November.
Broker's Calls
Low occupancy at European hotels could hit First Sponsor's revenue: Phillip Securities
While Phillip Securities continues to favour First Sponsor Group, the brokerage believes the property company’s low occupancy rate at its European hotel could impact its top line.
