Top Stock Market Highlights: CapitaLand Investment Limited, Yangzijiang Shipbuilding and Frasers Centrepoint Trust

The Smart Investor03-02

[ Share Facebook Twitter LinkedIn Email WhatsApp Welcome to this week’s edition of top stock market highlights. CapitaLand Investment Limited (SGX: 9CI) The Ascott Limited, the wholly-...

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Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>[\n\n\n\nShare\n\n\nFacebook\n\nTwitter\n\nLinkedIn\n\nEmail\n\nWhatsApp\n\n\n\n\n\nWelcome to this week’s edition of top stock market highlights.\nCapitaLand Investment Limited (SGX: 9CI)\nThe Ascott Limited, the wholly-...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/top-stock-market-highlights-capitaland-investment-limited-yangzijiang-shipbuilding-and-frasers-centrepoint-trust/\">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":"SG9999004253.SGD","symbol_name":"Nikko AM Shenton Global Property Securities 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(RevPAU), enabling it to grow 20% year on year from higher average daily rates and occupancies.\nA total of 77 new properties were signed in 2023, allowing The Ascott to surpass its year-end target of securing 160,000 units earlier than expected.\nCEO of Ascott and CLI Lodging Kevin Goh has outlined plans for 2024.\nAscott will continue to drive asset-light growth organically using a mix of management and franchise agreements.\nHe also revealed that for 2023, 38% of new agreements signed were with existing owners, which demonstrates confidence in the Ascott brand.\nTo accelerate Ascott’s expansion, he is on the lookout for transformative deals and is committed to building its portfolio of brands to achieve higher-quality growth.\nThis positive momentum means that CLI’s lodging division is on track to generate more than S$500 million in FRE by 2028.\nYangzijiang Shipbuilding Holdings Ltd (SGX: BS6)\nYangzijiang Shipbuilding, or YZJ, reported a sparkling set of earnings for 2023.\nThe Chinese shipbuilder’s revenue rose 16.5% year on year to RMB 24.1 billion.\nGross profit leapt 69.2% year on year to RMB 5.4 billion with lower material costs while net profit surged by 57% year on year to RMB 4.1 billion.\nYZJ generated a positive free cash flow of RMB 7.2 billion, nearly double the RMB 3.7 billion that was churned out a year ago.\nFor 2023, the shipbuilder declared a final dividend of S$0.065, 30% higher than the S$0.05 paid out in the previous year.\nYZJ’s outstanding order book as of 31 December 2023 came in at US$14.5 billion for 182 vessels.\nDemand for clean vessels continues to be a catalyst for the group to snag contracts as industry regulations tighten.\nThis year, the shipbuilder has seen its order win momentum continue with a contract win for 12 vessels valued at US$1.35 billion, of which six are methanol, dual-fuel 13,000 TEU containerships.\nThe outlook for the shipbuilding segment is bright because of the ongoing climate-related push by various authorities.\nThese mandates have prompted ship owners to replace their vessels as they slowly phase out non-compliant legacy vessels.\nGlobal shipyard capacity is also limited, thus constraining supply which could lead to higher prices for YZJ’s vessels.\nFrasers Centrepoint Trust (SGX: J69U)\nIt is time once again for the Straits Times Index (SGX: ^STI), or STI, quarterly review.\nThis round, FTSE Russell announced that there will be one change to the constituents for the 30-stock benchmark.\nFTSE Russell partnered with SPH Media Trust along with Singapore Exchange Limited (SGX: S68) to jointly calculate Singapore’s Straits Times Index.\nFrasers Centrepoint Trust, or FCT, will be added to the index at the start of business on 18 March while Emperador Inc (SGX: EMI) will be removed.\nThe STI reserve list, which contains a list of five companies that stand ready to substitute any index component that falls short of market capitalisation or liquidity requirements, saw two changes for this March 2024 review.\nWith FCT being included in the STI, the retail REIT was replaced by land transport giant ComfortDelGro Corporation Limited (SGX: C52).\nGolden Agri-Resources (SGX: E5H) was also removed from the reserve list and replaced by office REIT Keppel REIT (SGX: K71U).\nThe remaining three names within the reserve list are the same as the previous quarter and comprise CapitaLand Ascott Trust (SGX: HMN), Keppel DC REIT (SGX: AJBU), and Suntec REIT (SGX: T82U).\nIn our latest report, we dive into five standout Singapore REITs offering distribution yields exceeding 5.5%. Why settle for less? Get more dividends hitting your bank account with our REITs guide. Click here to download for free now.\nFollow us on Facebook and Telegram for the latest investing news and analyses!\nDisclosure: Royston Yang owns shares of Suntec REIT, Keppel DC REIT and Singapore Exchange Limited.\n\n\n\nYahoo\n]","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/2416560530"}