hospitality

3 non-office REITs to tide investors through an uncertain 2019: OCBC
SINGAPORE (Mar 12): OCBC Investment Research is maintaining “neutral” on the Singapore REIT (S-REIT) sector with a preference for retail and hospitality REITs over their office counterparts for their comparatively conservative asset valuations. This is because the research house believes optimism on further rental growth for office REITs in 2019 has likely been priced in and is set to ...
OCBC keeps 'overweight' on Singapore hospitality sector as REITs rally
SINGAPORE (Feb 7): OCBC Investment Research is maintaining “overweight” on Singapore’s hospitality space as the sector’s REITs – namely CDL Hospitality Trusts (CDL HT), Ascott Residence Trust (ART) and Far East Hospitality Trust (FEHT) – rally into the new year with total returns of +5.7%, +2.5% and +6.5%, respectively. In a Thursday report, analyst Deborah Ong attributes the ...
2019 will be a good year for hospitality, but risks from trade tensions remain: OCBC
SINGAPORE (Jan 16): OCBC Investment Research is maintaining “overweight” on Singapore’s hospitality sector as it sees value in some of the hospitality REITs under its coverage at their current unit prices. OUE Hospitality Trust (OUE HT), Far East Hospitality Trust (FEHT) and Ascott Residence Trust (ART) are OCBC’s top “buy” picks with fair value estimates of 79 cents, 67.5 cents ...
Private previews held this week for SC Global's upcoming luxury development project in Niseko, Japan
SINGAPORE (Nov 29): SC Global Developments has launched a luxury hotel apartment residence in Niseko, Japan, beginning with private previews conducted in Singapore this week, with previews in Niseko officially starting in early Dec. Named Setsu Niseko, the residence is slated for completion in 2021 and will feature 190 apartments spread over 2.54 acres of prime freehold land. It marks SC ...
Improving margins, revaluation gains to give Amara a near-term leg up: RHB
SINGAPORE (Nov 14): RHB Research is maintaining its “buy” call on Amara Holdings with an 88-cent target price after the hotel and property group’s 3Q18 results came in line with the research house’s expectations with a net profit of $2.5 million. In a Wednesday report, analyst Leng Seng Choon says he remains bullish on Amara following its latest set of results, which reflected strong ...
Naumi acquires two hotels in New Zealand for redevelopment
SINGAPORE (Nov 5): Naumi Hotels has acquired two hotels in Wellington, New Zealand – namely Comfort Hotel Wellington at Cuba Street and Quality Hotel Wellington along Dunlop Street – as part of the Singapore-based private hotel owner’s expansion plans. Both hotels are reported to be owned by New Zealand ex-mayor Kerry Prendergast’s husband, Phil McGaveston, his company Sage Securities, ...
Klook receives $273 mil in fresh funding, says on track to achieve billion-dollar mark in bookings this year
SINGAPORE (Aug 7): Travel services booking platform Klook has closed US$200 million ($273.1 million) in Series D funding, bringing the company’s total financing to date to US$300 million. Among the investors for the latest round were Sequoia China, Matrix Partners and Goldman Sachs, all three of which led Klook’s Series C fundraising, which was held in Oct 2017 and raised US$60 million. ...
Hatten to develop $67 mil water themepark at Harbour [email protected]
SINGAPORE (Aug 7): Hatten Land intends to jointly build a RM200 million ($67 million) water themepark in Melaka, Malaysia, in collaboration with resort operator Samsung C&T Corp and Polin Waterparks, the designer and installer of water slides. Named Splash World @ Harbour City, the four-storey water park spanning 500,000 sf is expected to complete construction by end 2019 and be open to ...
5 defensive S-REITs to consider as hospitality industry outlook clouds
SINGAPORE (July 31): OCBC Investment Research is maintaining “neutral” on Singapore REITs (S-REITs) with a weaker outlook for the hospitality sub-sector, which has prompted a pushback in expectations for a pick-up in Singapore hotel RevPAR this year to early 2019. In a Tuesday report, lead analyst Andy Wong says he finds hospitality REITs less attractive than before in terms of valuations, ...
4 favourite destinations for leisure tourism in Asia Pacific: Mastercard survey
SINGAPORE (June 20): Mastercard has released findings from its 2018 Global Destination Cities Index (GDCI): Play study, which measures international destinations with the highest concentration of visitors traveling for relaxation and leisure, instead of business. Among the survey’s results were the top cities in Asia Pacific where over 90% of overnight visitor travel in 2017 was for purposes ...