First Ship Lease Trust (FSLT)

PhillipCapital lowers FSL Trust's TP on tepid tanker market - THE EDGE SINGAPORE

Broker's Calls

PhillipCapital lowers FSL Trust's TP on tepid tanker market

PhillipCapital analyst Vivian Ye has maintained “accumulate” on First Ship Lease Trust (FSL Trust) albeit with a lower target price of 3 cents from 5 cents previously, as profit after tax plunged 9

Results

FSL Trust declares DPU of 2 US cents in 1Q21

The manager of First Ship Lease Trust (FSL Trust) has declared distribution per unit (DPU) of 2 US cents (2.65 cents) for the 1QFY2021 ended March, 33.3% higher than DPU of 1.50 US cents in the yea

FSL Trust to sell product tanker - THE EDGE SINGAPORE

Offshore & Marine

FSL Trust to sell product tanker

A wholly-owned subsidiary of First Ship Lease Trust (FSL Trust) has entered into a memorandum of agreement to sell the vessel FSL Osaka to an unaffiliated third party.

FSL Trust to sell two LR2 product tanker newbuildings  - THE EDGE SINGAPORE

Offshore & Marine

FSL Trust to sell two LR2 product tanker newbuildings

First Ship Lease Trust (FSL Trust) says its wholly-owned subsidiaries have executed memoranda of agreement to sell two LR2 product tanker newbuildings, the FSL Suez and FSL Fos to an unrelated thir

Insider moves

Serial System's chairman Derek Goh loads up after being cleared in Taiwan probe

SINGAPORE (June 12): Derek Goh, executive chairman of Serial System, bought 1.5 million shares on the open market for $106,500 on June 2, which works out to an average of 7.1 cents

Global Economy

Trump signals more uncertainty with 'what’s up here'; economists trim Singapore GDP forecast

SINGAPORE (June 17): US President Donald Trump is not letting up on his threats to hit China with a new set of tariffs as talks between the two economic giants show scant signs of progress.

Buyout

FSL Trust closes 32% higher after 5.85-cent offer from sponsor announced

SINGAPORE (June 10): Units in First Ship Lease (FSL) Trust, the business trust closed 31.8% higher at 5.8 cents on Monday with 1.9 million shares changing hands.

In print this week

Is it wise to invest in business trusts?

SINGAPORE (July 14): With NetLink NBN Trust marketing its $2.3 billion IPO — the largest since the US$5.5 billion offering of Hutchison Port Holdings Trust (HPHT)

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