rental

Property

Straits Trading acquires Tokyo residential property for $5.4 mil

SINGAPORE (Sept 29): Straits Trading Company is acquiring a freehold six-storey rental residential apartment in Tokyo, Japan, for about $5.4 million which is to be funded by internal resources and bank borrowings.

Broker's Calls

Fresh-faced Viva Industrial Trust could see even brighter prospects this year

SINGAPORE (July 18): RHB Research continues to rate Viva Industrial Trust (VIT) at “buy” with a 97-cent target price following the trust’s completion of its asset enhancement initiative (AEI) at Viva Business Park (VBP).

Are Singapore’s millennials overly optimistic about their future?

SINGAPORE (March 2): Eight out of 10 millennial investors in Singapore are optimistic about their retirement prospects on the belief they will be able to maintain, if not improve, their current lifestyle after they retire.

Renting out a room just got harder with Planning Act Amendment

SINGAPORE (Feb 7): Leasing your apartment or room out on a short-term basis through homestay networking services such as Airbnb may very soon be ruled as illegal under Singapore law.

Results

United Engineers’ 3Q earnings up 10% to $11.6 million from continuing operations

SINGAPORE (Nov 11): United Engineers reported a 10% on-year rise in 3Q16 earnings to $11.6 million from continuing operations after the disposal of Multi-Fineline Electronix and its subsidiaries, driven by the surge in other income.

Results

Second Chance Properties’ 4Q earnings plunge 90.2% to $0.2 mil

SINGAPORE (Oct 25): Second Chance Properties posted earnings of $0.2 million for the 4Q16 ended August, plunging 90.2% from $2.1 million in the same period a year ago on lower revenue.

Broker's Calls

Raffles Medical has more room for growth

SINGAPORE (Oct 17): After posting 5% earnings growth in 2QFY16, RHB Research Cai is still maintaining its “buy” rating on the stock with a target price of $1.70 as it believes the group has more room to grow.
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