AIMS APAC REIT May Gain From Singapore Assets Lease Renewals -- Market Talk

Dow Jones01-09

0432 GMT - AIMS APAC REIT stands to benefit from lease renewals for two Singapore assets, RHB Research analyst Vijay Natarajan says in a research note. The REIT renewed leases with KWE-Kintetsu World Express at its 7 Bulim Street asset for five years and with Aalst Chocolate at its 26 Tuas Avenue 7 asset for 10 years, the analyst notes. The REIT's overall weighted average lease expiry will increase to 4.6 years from 4.2 years and these assets' valuations should be boosted, the analyst says. RHB raises the REIT's FY 2024-2026 earnings estimates by 1%, and raises the unit's target to S$1.48 from S$1.47 with an unchanged buy rating. Units are 0.8% higher at S$1.33. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

January 08, 2024 23:32 ET (04:32 GMT)

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

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2402921134?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-01-09 12:32","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2402921134","market":"hk","top_or_hot":-1,"title":"AIMS APAC REIT May Gain From Singapore Assets Lease Renewals -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0432 GMT - AIMS APAC REIT stands to benefit from lease renewals for two Singapore assets, RHB Research analyst Vijay Natarajan says in a research note. The REIT renewed leases with KWE-Kintetsu World Express at its 7 Bulim Street asset for five years and with Aalst Chocolate at its 26 <a href=\"https://laohu8.com/S/TUA.AU\">Tuas</a> Avenue 7 asset for 10 years, the analyst notes. The REIT's overall weighted average lease expiry will increase to 4.6 years from 4.2 years and these assets' valuations should be boosted, the analyst says. RHB raises the REIT's FY 2024-2026 earnings estimates by 1%, and raises the unit's target to S$1.48 from S$1.47 with an unchanged buy rating. Units are 0.8% higher at S$1.33. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 08, 2024 23:32 ET (04:32 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","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>AIMS APAC REIT May Gain From Singapore Assets Lease Renewals -- Market Talk</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\">\nAIMS APAC REIT May Gain From Singapore Assets Lease Renewals -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-09 12:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0432 GMT - AIMS APAC REIT stands to benefit from lease renewals for two Singapore assets, RHB Research analyst Vijay Natarajan says in a research note. The REIT renewed leases with KWE-Kintetsu World ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">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":"CFA.SI","symbol_name":"NikkoAM-STC Asia REIT","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2402921134","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2402921134","pubTimestamp":1704774720,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0432 GMT - AIMS APAC REIT stands to benefit from lease renewals for two Singapore assets, RHB Research analyst Vijay Natarajan says in a research note. The REIT renewed leases with KWE-Kintetsu World Express at its 7 Bulim Street asset for five years and with Aalst Chocolate at its 26 Tuas Avenue 7 asset for 10 years, the analyst notes. The REIT's overall weighted average lease expiry will increase to 4.6 years from 4.2 years and these assets' valuations should be boosted, the analyst says. RHB raises the REIT's FY 2024-2026 earnings estimates by 1%, and raises the unit's target to S$1.48 from S$1.47 with an unchanged buy rating. Units are 0.8% higher at S$1.33. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CFA.SI":"NikkoAM-STC Asia REIT","REIT":"ALPS Active REIT ETF","O5RU.SI":"宝泽安保资本工业房地产信托"},"translate_title":"AIMS APAC REIT可能从新加坡资产租赁续约中获益——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"APAC":1,"CFA.SI":1,"O5RU.SI":1,"REIT":1},"content_text":"0432 GMT - AIMS APAC REIT stands to benefit from lease renewals for two Singapore assets, RHB Research analyst Vijay Natarajan says in a research note. The REIT renewed leases with KWE-Kintetsu World Express at its 7 Bulim Street asset for five years and with Aalst Chocolate at its 26 Tuas Avenue 7 asset for 10 years, the analyst notes. The REIT's overall weighted average lease expiry will increase to 4.6 years from 4.2 years and these assets' valuations should be boosted, the analyst says. RHB raises the REIT's FY 2024-2026 earnings estimates by 1%, and raises the unit's target to S$1.48 from S$1.47 with an unchanged buy rating. Units are 0.8% higher at S$1.33. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 08, 2024 23:32 ET (04:32 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":2,"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":"4.22.4","shortVersion":"4.22.4","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/2402921134"}