broker's call

PLife REIT favoured for stable yield, defensive income structure and ample debt headroom
SINGAPORE (Apr 30): ParkwayLife REIT (PLife REIT) on Apr 26 announced a DPU of 3.28 cents for 1Q19, 3.5% higher compared to the 3.17 cents DPU for 1Q18. See: ParkwayLife REIT reports 3.5% rise in 1Q DPU to 3.28 cents This was the result of a 3.5% rise in distributable income to $19.8 million mainly led by contribution from a Japan property -- Konosu Nursing Home Kyoseien -- acquired in ...
Analysts still upbeat on Starhill Global REIT despite mixed 3Q performance
SINGAPORE (Apr 29): Starhill Global REIT (SGREIT) posted 3Q19 DPU of 1.10 cents, 0.9% higher y-o-y. But gross revenue was 0.9% lower y-o-y at $51.3 million, bringing net property income (NPI) to $39.6 million, 1.8% lower than $40.3 million last year. See: Starhill Global REIT declares 0.9% increase in 3Q DPU to 1.10 cents Despite the REIT’s mixed performance, CGS-CIMB continues to rate ...
Venture gets 'buy' from OCBC, DBS but Maybank says watch out for near-term volatility
SINGAPORE (Apr 29): Analysts are mostly positive on Venture Corporation after it announced that its 1Q19 earnings have increased by 8.9% y-o-y to $90.9 million. This was mainly due to an 8.5% y-o-y increase in revenue to $928.8 million, despite pricing pressures and intense competition in the business environment. On a fully diluted basis, earnings per share (EPS) rose to 31.5 cents in ...
Analysts turning cautious on CacheLog Trust with liquidity-challenged CWT as tenant
SINGAPORE (Apr 26): Analysts are mostly remaining neutral on Cache Logistics Trust (CacheLog Trust) following its results announcement , but they will be keeping a watchful eye on the trust should CWT Limited default on its rent. The trust announced on Thursday that its 1Q19 DPU marginally increased by 0.4% y-o-y to 1.513 cents, while distributable income was 1.2% up at $16.3 million. Gross ...
Analysts like Mapletree Commercial Trust for its all rounded FY19 performance
SINGAPORE (Apr 25): Analysts are mostly keeping neutral after Mapletree Commercial Trust (MCT) yesterday announced that its 4Q19 DPU has increased by 1.8% to 2.31 cents from 2.27 cents in 4Q18, bringing FY19 DPU to 9.14 cents, 1.1% higher y-o-y. Gross revenue was 3.7% higher at $112.9 million from $108.9 million a year ago, driven largely by higher contribution from VivoCity, PSA Building and ...
Soilbuild REIT kept at 'hold' by analysts on upcoming challenges
SINGAPORE (Apr 22): The manager of Soilbuild Business Space REIT (Soilbuild REIT) declared that its 1Q19 DPU dropped 9.5% to 1.198 cents from 1.324 cents in 1Q18. Income attributable to unitholders fell 8.7% to $12.7 million in 1Q19, from $14.0 million a year ago. This was mainly due to property operating expenses, finance expenses, other trust expenses and perpetual securities coupons ...
Analysts still positive on Keppel REIT despite 1Q DPU drop
SINGAPORE (Apr 22): The manager of Keppel REIT (KREIT) on Apr 17 announced that its 1Q19 DPU was 2.1% lower y-o-y at 1.39 cents, as distributable income dropped 1.9% y-o-y to $47.3 million. This decline was mainly due to the impact of occupancy changes, a weaker Australian dollar, and lower income contribution from Ocean Financial Centre following the divestment of a 20% stake in December ...
Keppel Infrastructure Trust kept at 'buy' by DBS on successful fund raising exercise, Ixom acquisition
SINGAPORE (Apr 17): DBS Group Research is keeping its “buy” call on Keppel Infrastructure Trust (KIT) with a target price of 58 cents, following its results announcement on Monday. KIT declared an unchanged DPU of 0.93 cent for 1Q19 ended March, as well as a loss of $16.2 million compared to earnings of $7.5 million in 1Q18. Revenue saw a 98.7% surge to $318.5 million, from $160.3 ...
FEHT downgraded to 'hold' on slowdown in upscale and mid-tier hotel RevPAR
SINGAPORE (Apr 16): “According to channel checks as well as Singapore Tourism Board (STB) data, we are likely looking at a soft 1Q19 for SG hotels,” says OCBC Investment Research analyst Deborah Ong in a Monday report. The STB data reflected poor RevPAR performance from upscale and mid-tier hotels for Jan-Feb 2019. Upscale hotels posted -3.8% and -6.5% y-o-y RevPAR growth for Jan and Feb ...
Shrinking shopping carts keep Sheng Siong at 'sell' for Maybank
SINGAPORE (Apr 16): Maybank Kim Eng continues to rate Sheng Siong “sell” with an unchanged target price of 95 cents. Singapore’s retail sales in Feb saw a 10.0% drop y-o-y, while the supermarket & hypermarket sub-index was dropped 13.3%. After adjusting for Chinese New Year effects, it is the first time the sub-index saw a y-o-y contraction and the second time since 2016 it had ...