Singapore Stocks to Watch: OCBC, Keppel, CapitaLand Ascott Trust, Frasers Property and More

Tiger Newspress2023-10-13

The following companies saw new developments that may affect trading of their securities on Friday (Oct 13):

Keppel Education Asset Fund, a private fund owned by Keppel Corporation, is acquiring two properties in Australia, which it intends to lease out to educational institutions. The properties were acquired for A$198 million (S$175 million) and are expected to bring Keppel’s portfolio of assets in Australia to A$4.8 billion upon completion.

Frasers Property expects to report a significant drop in attributable profit for FY2023 following fair-value losses on some of its investment properties. The group said that it is in the process of finalising valuations but based on preliminary results, it is expecting fair-value losses primarily on its commercial properties in the United Kingdom and industrial and logistics properties in Europe.

OCBC’s private bank plans to add headcount to its China business, joining HSBC Holdings Plc and DBS Group Holdings Ltd. in staying bullish on the world’s second-largest economy despite a marked slowdown.

Citi Research has initiated coverage on CapitaLand Ascott Trust(CLAS), calling it a “lodging giant in the making”, with tailwinds such as continued improvement in revenue per available unit (RevPAU), distribution-accretive acquisitions and an expected pivot in US Fed interest rates.

CGS-CIMB Research analyst William Tng has maintained his “add” call on Venture Corp Ltd, albeit at a lowered target price of $16.61 from $16.80 previously, ahead of the company’s 3QFY2023 business update which is likely to see further earnings decline.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

10

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1165218605?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-10-13 08:49","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1165218605","market":"sg","top_or_hot":-1,"title":"Singapore Stocks to Watch: OCBC, Keppel, CapitaLand Ascott Trust, Frasers Property and More","media":"Tiger Newspress","content":"<html><head></head><body><p>The following companies saw new developments that may affect trading of their securities on Friday (Oct 13):</p><p>Keppel Education Asset Fund, a private fund owned by Keppel Corporation, is acquiring two properties in Australia, which it intends to lease out to educational institutions. The properties were acquired for A$198 million (S$175 million) and are expected to bring Keppel’s portfolio of assets in Australia to A$4.8 billion upon completion. </p><p>Frasers Property expects to report a significant drop in attributable profit for FY2023 following fair-value losses on some of its investment properties. The group said that it is in the process of finalising valuations but based on preliminary results, it is expecting fair-value losses primarily on its commercial properties in the United Kingdom and industrial and logistics properties in Europe. </p><p>OCBC’s private bank plans to add headcount to its China business, joining HSBC Holdings Plc and DBS Group Holdings Ltd. in staying bullish on the world’s second-largest economy despite a marked slowdown.</p><p>Citi Research has initiated coverage on CapitaLand Ascott Trust(CLAS), calling it a “lodging giant in the making”, with tailwinds such as continued improvement in revenue per available unit (RevPAU), distribution-accretive acquisitions and an expected pivot in US Fed interest rates. </p><p>CGS-CIMB Research analyst William Tng has maintained his “add” call on Venture Corp Ltd, albeit at a lowered target price of $16.61 from $16.80 previously, ahead of the company’s 3QFY2023 business update which is likely to see further earnings decline.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Stocks to Watch: OCBC, Keppel, CapitaLand Ascott Trust, Frasers Property and More</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Stocks to Watch: OCBC, Keppel, CapitaLand Ascott Trust, Frasers Property and More\n</h2>\n\n<h4 class=\"meta\">\n\n2023-10-13 08:49 北京时间&nbsp;&nbsp;&nbsp;<strong>Tiger Newspress</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The following companies saw new developments that may affect trading of their securities on Friday (Oct 13):Keppel Education Asset Fund, a private fund owned by Keppel Corporation, is acquiring two ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TQ5.SI","symbol_name":"星狮地产有限公司","start_time":0,"source_url":"","article_id":"1165218605","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1165218605","pubTimestamp":1697158151,"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"The following companies saw new developments that may affect trading of their securities on Friday (Oct 13):Keppel Education Asset Fund, a private fund owned by Keppel Corporation, is acquiring two pr","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TQ5.SI":"星狮地产有限公司","HMN.SI":"凯德雅诗阁信托","V03.SI":"创业公司","BN4.SI":"吉宝有限公司","O39.SI":"华侨银行"},"translate_title":"值得关注的新加坡股票：华侨银行、吉宝、凯德置地雅诗阁信托、弗雷泽地产等","themeId":"8dd8b3510ee24ff1ba7734bf3b11b502","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BN4.SI":1.1,"HMN.SI":1.1,"O39.SI":1.1,"TQ5.SI":1.1,"V03.SI":1.1},"content_text":"The following companies saw new developments that may affect trading of their securities on Friday (Oct 13):Keppel Education Asset Fund, a private fund owned by Keppel Corporation, is acquiring two properties in Australia, which it intends to lease out to educational institutions. The properties were acquired for A$198 million (S$175 million) and are expected to bring Keppel’s portfolio of assets in Australia to A$4.8 billion upon completion. Frasers Property expects to report a significant drop in attributable profit for FY2023 following fair-value losses on some of its investment properties. The group said that it is in the process of finalising valuations but based on preliminary results, it is expecting fair-value losses primarily on its commercial properties in the United Kingdom and industrial and logistics properties in Europe. OCBC’s private bank plans to add headcount to its China business, joining HSBC Holdings Plc and DBS Group Holdings Ltd. in staying bullish on the world’s second-largest economy despite a marked slowdown.Citi Research has initiated coverage on CapitaLand Ascott Trust(CLAS), calling it a “lodging giant in the making”, with tailwinds such as continued improvement in revenue per available unit (RevPAU), distribution-accretive acquisitions and an expected pivot in US Fed interest rates. CGS-CIMB Research analyst William Tng has maintained his “add” call on Venture Corp Ltd, albeit at a lowered target price of $16.61 from $16.80 previously, ahead of the company’s 3QFY2023 business update which is likely to see further earnings decline.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":10,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1165218605"}