CapitaLand Ascott's Sizeable Divestment Gains Could Offset Drag from Asset Enhancement

Dow Jones10-08 08:46

0046 GMT - CapitaLand Ascott Trust's sizeable divestment gains worth 300 million Singapore dollars could offset the drag on its distribution per unit from ongoing asset enhancement initiatives, says UOB Kay Hian's Jonathan Koh in a note. He expects the Singapore real-estate investment trust to deliver stable DPU of 6.1 Singapore cents in both 2026 and 2027 thanks to these top-ups. However, he trims his 2028 DPU projection by 5% on higher debt cost and the recent weakness of the euro and Australian dollar against the Singapore dollar. The trust likely has a 7.3% DPU yield in 2027, as its unit price has fallen 13% year-to-date, he adds. UOB KH cuts its target price to S$0.99 from S$1.03 but maintains a buy rating. Units last closed at S$0.83.

At the request of the copyright holder, you need to log in to view this content

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/2673049699?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-10-08 08:46","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2673049699","market":"sh","top_or_hot":-1,"title":"CapitaLand Ascott's Sizeable Divestment Gains Could Offset Drag from Asset Enhancement","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>0046 GMT - <a href=\"https://laohu8.com/S/HMN.SI\">CapitaLand Ascott Trust</a>'s sizeable divestment gains worth 300 million Singapore dollars could offset the drag on its distribution per unit from ongoing asset enhancement initiatives, says UOB Kay Hian's Jonathan Koh in a note. He expects the Singapore real-estate investment trust to deliver stable DPU of 6.1 Singapore cents in both 2026 and 2027 thanks to these top-ups. However, he trims his 2028 DPU projection by 5% on higher debt cost and the recent weakness of the euro and Australian dollar against the Singapore dollar. The trust likely has a 7.3% DPU yield in 2027, as its unit price has fallen 13% year-to-date, he adds. UOB KH cuts its target price to S$0.99 from S$1.03 but maintains a buy rating. Units last closed at S$0.83.</p>\n<pre style=\"white-space: pre\">\n \n</pre>\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>CapitaLand Ascott's Sizeable Divestment Gains Could Offset Drag from Asset Enhancement</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\">\nCapitaLand Ascott's Sizeable Divestment Gains Could Offset Drag from Asset Enhancement\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-10-08 08:46</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>0046 GMT - <a href=\"https://laohu8.com/S/HMN.SI\">CapitaLand Ascott Trust</a>'s sizeable divestment gains worth 300 million Singapore dollars could offset the drag on its distribution per unit from ongoing asset enhancement initiatives, says UOB Kay Hian's Jonathan Koh in a note. He expects the Singapore real-estate investment trust to deliver stable DPU of 6.1 Singapore cents in both 2026 and 2027 thanks to these top-ups. However, he trims his 2028 DPU projection by 5% on higher debt cost and the recent weakness of the euro and Australian dollar against the Singapore dollar. The trust likely has a 7.3% DPU yield in 2027, as its unit price has fallen 13% year-to-date, he adds. UOB KH cuts its target price to S$0.99 from S$1.03 but maintains a buy rating. Units last closed at S$0.83.</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1105468828.SGD","symbol_name":"Allianz Total Return Asian Equity AM DIS H2-SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2673049699","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2673049699","pubTimestamp":1791420360,"columns":[],"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":"0046 GMT - CapitaLand Ascott Trust's sizeable divestment gains worth 300 million Singapore dollars could offset the drag on its distribution per unit from ongoing asset enhancement initiatives, says UOB Kay Hian's Jonathan Koh in a note. He expects the Singapore real-estate investment trust to deliver stable DPU of 6.1 Singapore cents in both 2026 and 2027 thanks to these top-ups. However, he trims his 2028 DPU projection by 5% on higher debt cost and the recent weakness of the euro and Australian dollar against the Singapore dollar. The trust likely has a 7.3% DPU yield in 2027, as its unit price has fallen 13% year-to-date, he adds. UOB KH cuts its target price to S$0.99 from S$1.03 but maintains a buy rating. Units last closed at S$0.83.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1105468828.SGD":"Allianz Total Return Asian Equity AM DIS H2-SGD","LU1839390173.USD":"JPM ASEAN EQUITY \"A\" (USD) INC","LU0918141887.USD":"安联亚洲实际收益股票基金","SGXZ58947870.SGD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (SGDHDG) INC","LU0348814723.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"A\" (USD) INC  NC","LU2152927971.USD":"NORDEA 1 ASIAN STARS EQUITY \"BP\" (USD) ACC","LU0516422440.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"A\" (USD) ACC","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU0348816934.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (USD)","SG9999002679.SGD":"LionGlobal Singapore Balanced SGD","LU0315178854.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY INCOME \"A\" ACC","LU0572940350.SGD":"Janus Henderson Horizon Asian Dividend Income A3 SGD","LU0831103253.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD","SGXZ27511609.SGD":"NIKKO AM SINGAPORE DIVIDEND EQUITY \"SGD\" (SGD) ACC","LU2663582299.SGD":"BSF BLACKROCK SYSTEMATIC ASIA PACIFIC EQUITY ABSOL \"A2\" (SGDHDG) ACC","SG9999003826.SGD":"日兴资管新加坡股息基金 SGD","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","SGXZ16066938.SGD":"FULLERTON SINGAPORE VALUE-UP \"A\" (SGD) ACC","LU3227948356.SGD":"JPMORGAN FUNDS SINGAPORE AND ASIA EQUITY INCOME \"A\" (SGD) INC","LU2506951875.HKD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (HKDHDG) ACC","LU2449936058.SGD":"SUSTAINABLE ASIA EQUITY \"AA\" (SGD) ACC","LU2238330802.EUR":"AZ EQUITY - ASEAN COUNTRIES \"AAZ\" (EUR) ACC","LU0414403682.SGD":"Blackrock Asia Pacific Equity Income A5 SGD-H","U11.SI":"大华银行","BK6516":"银行与投资服务概念","SG9999013478.USD":"利安新加坡股息基金","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","LU0588545904.SGD":"Eastspring Investments - Asian Equity Income ASDM SGD","BK6112":"综合性银行","BK6523":"ESG概念","SG9999004220.SGD":"Nikko AM Shenton Asia Dividend Equity Fund  SGD","LU0577902454.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) ACC","SG9999002406.SGD":"利安新加坡信托基金","LU0823417737.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) INC","LU0577902371.SGD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (SGD) ACC","LU0261945553.USD":"FIDELITY ASEAN \"A\" ACC","SGXZ51708014.SGD":"AMOVA SINGAPORE EQUITY \"A\" (SGD) ACC","LU0950375773.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) INC A","SG9999003925.USD":"AMOVA INVESTMENT FUNDS - AMOVA SINGAPORE DIVIDEND EQUITY (USD) INC","LU0516422366.SGD":"Fullerton Lux Funds - Asia Focus Equities A Acc SGD","LU0532188223.SGD":"JPMorgan Funds - ASEAN Equity A (acc) SGD","LU0898667661.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD-H","SG9999005177.SGD":"Legg Mason Martin Currie - Southeast Asia Trust A Acc SGD","LU0048597586.USD":"富达亚洲焦点A","SGXZ23024854.USD":"MANULIFE FUNDS - MANULIFE SINGAPORE OPPORTUNITIES \"A\" (USD) ACC","LU2506952170.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (USDHDG) INC","SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","LU1130305938.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD-H","LU0588545490.SGD":"Eastspring Investments - Asian Equity Income AS SGD"},"translate_title":"凯德雅诗阁可观的撤资收益可以抵消资产增值带来的拖累","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"U11.SI":0.75,"STmain":0.75},"content_text":"0046 GMT - CapitaLand Ascott Trust's sizeable divestment gains worth 300 million Singapore dollars could offset the drag on its distribution per unit from ongoing asset enhancement initiatives, says UOB Kay Hian's Jonathan Koh in a note. He expects the Singapore real-estate investment trust to deliver stable DPU of 6.1 Singapore cents in both 2026 and 2027 thanks to these top-ups. However, he trims his 2028 DPU projection by 5% on higher debt cost and the recent weakness of the euro and Australian dollar against the Singapore dollar. The trust likely has a 7.3% DPU yield in 2027, as its unit price has fallen 13% year-to-date, he adds. UOB KH cuts its target price to S$0.99 from S$1.03 but maintains a buy rating. Units last closed at S$0.83.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"shareholding","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"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,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.50.1","shortVersion":"4.50.1","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/2673049699","isCrawlerRequest":true}