occupancy rate

SingPost Centre poised to thrive with location advantage & tech perks: Maybank

SINGAPORE (Oct 11): Maybank Kim Eng is maintaining its “hold” call on Singapore Post (SingPost) with an unchanged price target of $1.22, pending clearer direction from the strategic review of the group’s business strategy.

This follows the launch of the new SingPost Centre mall, which doubles the group’s gross retail floor space to 269,000 sf and net lettable area (NLA) to 178,000 sf.

CapitaLand Commercial Trust could see DPU boost despite initial dilution: OCBC

SINGAPORE (Sept 26): OCBC Investment Research is keeping its “hold” recommendation on CapitaLand Commercial Trust (CCT) with a lower fair value estimate of $1.65 from $1.69 previously.

This follows the trust’s announcement last week of its acquisition of Asia Square Tower 2 from BlackRock for a total of $2.15 billion, which the trust intends to fund via equity, debt, and its divestment proceeds from Golden Shoe Car Park, One George Street and Wilkie Edge.

Will Centurion find a home in your portfolio?

SINGAPORE (Oct 14): UOB Kay Hian is highlighting business group Centurion Corporation as a “solid proxy for foreign workers’ and students’ accommodation”, given its continued outperformance of peers, visible pipeline growth and resilient 2Q16 financials.

Centurion is the only listed company for purpose-built accommodation in Singapore, with a portfolio of 22 operational accommodation assets totalling over 64,408 beds in Singapore, Malaysia, Australia and the UK.  

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