27 out of 41 Singapore real estate investment trusts and property trusts (S-REITs) have confirmed the release of their financial results or business updates for the respective periods ended Mar 31, 2024. Of those, 19 will report business updates and eight will report financial results.NameRelease DateRelease TimeFor PeriodTypeSabana REIT15-AprAfter MktQ1Business UpdateKeppel Pacific Oak US REIT17-AprBefore MktQ1Business UpdateCapitaLand Integrated Commercial Trust19-AprBefore MktQ1Business UpdateKeppel DC REIT19-AprBefore MktQ1Business UpdateCapitaLand Ascendas REIT22-AprAfter MktQ1Business UpdateKeppel REIT23-AprBefore MktQ1Business UpdateCapitaLand Ascott Trust24-AprBefore MktQ1Business UpdateCapitaLand China Trust24-AprBefore MktQ1Business UpdateCapitaLand India Trust*24-AprAfter MktQ1B
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Weekly | Why Seatrium Lead the Market this Week?
As of the close on Friday, $Straits Times Index(STI.SI)$ closed at 3,280.10 points, up 3.26% points last week.During the last 5 trading days, $Seatrium(S51.SI)$, $NIO Inc.(NIO.SI)$, $SingPost(S08.SI)$, $HongkongLand USD(H78.SI)$ and $DFIRG USD(D01.SI)$ are the top 5 weekly gainers, up 15.58%, 13.85%, 11.25%, 10.95% and 9.04% respectively.$t PTTEP TH SDR(TPED.SI)$ , $Keppel Infrastructure Trust(A7RU.SI)$ ,
Weekly | Why Seatrium Lead the Market this Week?
Weekly | Why Riverstone Lead the Market this Week?
As of the close on Friday, $Straits Times Index(STI.SI)$ closed at 3,176.51 points, down 1.26% points last week.During the last 5 trading days, $Riverstone(AP4.SI)$, $Emperador Inc.(EMI.SI)$, $First Sponsor(ADN.SI)$ $First Sponsor(ADN.SI)$, $t PTTEP TH SDR(TPED.SI)$ and $UOB(U11.SI)$ are the top 5 weekly gainers, up 3.95%, 3.49%, 2.68%, 2.04% and 1.22% respectively. $Mapletree Log Tr(M44U.SI)$,
Weekly | Why Riverstone Lead the Market this Week?
Weekly Inflows: JEP, Plato Capital, Hai Leck, LHT, GSH & International Cement See Huge Acquisitions
The five trading sessions had close to 100 changes to director interests and substantial shareholdings filed for 40 primary-listed stocks. Directors or CEOs filed 20 acquisitions and five disposals, while substantial shareholders filed 14 acquisitions and four disposals.Plato Capital chairman Lim Kian Onn boosts his stake1.JEP HoldingsUMS Holdings acquired 7.3 million shares in $JEP(1J4.SI)$ representing 1.77% of the company from Andy Luong, who serves as chairman and CEO of both companies. This means Luong no longer maintains a direct interest in JEP Holdings. His deemed interest is 78.84%, given that he holds 14.9% of the issued share capital of UMS Holdings, which in turn maintains the 78.84% direct interest in JEP Holdings.2.Plato CapitalOn
Weekly Inflows: JEP, Plato Capital, Hai Leck, LHT, GSH & International Cement See Huge Acquisitions
27 S-REITs have confirmed the release of their financial results
27 S-REITs have confirmed the release of their financial results
Sam Goi continues to boost his stakes in PSC and GSH
The four trading days saw close to 70 changes to director interests and substantial shareholdings filed for more than 30 primary-listed stocks.Directors or CEOs filed 17 acquisitions, and five disposals, while substantial shareholders filed 13 acquisitions and seven disposals.Sam Goi continues to boost his stakes in PSC and GSH1.PSC and GSH$PSC Corporation(DM0.SI)$ executive chairman Sam Goi also continued to build his interest in the consumer product manufacturer and distributor.He acquired 144,700 shares of the company at S$0.352 per share, taking his total interest from 30.74% to 30.77%. Goi also bought more shares of $GSH(BDX.SI)$ , where he also serves as executive chairman.He acquired the
Sam Goi continues to boost his stakes in PSC and GSH
Weekly | Why Jardine C&C Lead the Market this Week?
As of the close on Friday, $Straits Times Index(STI.SI)$ closed at 3,216.91 points, down 0.04% points last week.During the last 5 trading days, $Jardine C&C(C07.SI)$, $Bumitama Agri(P8Z.SI)$, $Shangri-La HKD(S07.SI)$, $t PTTEP TH SDR(TPED.SI)$ and $GLD SG$(GSD.SI)$ are the top 5 weekly gainers, up 10.43%, 8.22%, 6.98%, 6.30% and 5.37% respectively. $YZJ Shipbldg SGD(BS6.SI)$, $Riverstone(AP4.SI)$
Weekly | Why Jardine C&C Lead the Market this Week?
Weekly Inflows: Grand Bank Yachts, Huationg Global, BTOU & 1J5 See Huge Acquisitions
The four trading sessions had close to 90 changes to director interests and substantial shareholdings filed for nearly 50 primary-listed stocks.Directors or chief executive officers filed 19 acquisitions and four disposals, while substantial shareholders filed six acquisitions and four disposals.1.Grand Bank YachtsWillimbury, a private company incorporated in Australia, increased its substantial shareholding in $Grand Banks(G50.SI)$ above the 15% threshold on Mar 28.The married deal involved 1,709,500 shares being acquired at S$0.31 apiece, boosting the company’s direct interest to 15.79% from 14.86%. It had raised its direct interest above the 14% threshold in June 2022, with that acquisition also transacted at an average price of S$0.31
Weekly Inflows: Grand Bank Yachts, Huationg Global, BTOU & 1J5 See Huge Acquisitions
S-REIT sector’s PB ratio is at almost 20% discount
REIT Watch - Current PB ratios vs 5-year averages of the 10 largest weights of the iEdge S-Reit IndexIt has not been smooth sailing for REITs over the recent months with higher interest rates adding pressure to share prices and valuations.Despite this, the S-REIT sector is now trading at a discount of close to 20% compared to its longer-term average in terms of price-to-book ratio.This is indicated by the iEdge S-REIT Index currently trading at a price-to-book (PB) ratio of 0.87 times, against the index’s five-year average PB ratio of 1.04 times – which showed a discount of 16%. REIT Watch - iEdge SREIT Index's PB ratio trades below -1 SD of the longer-term averageThe iEdge S-REIT Index and associated variant indices provide benchmarks for a number of portfolio products such as ETFs,
S-REIT sector’s PB ratio is at almost 20% discount
Weekly Inflows: Raffles Medical, Union Steel, PSC & JB Foods See Huge Acquisitions
The four trading sessions saw close to 60 changes to director interests and substantial shareholdings filed for close to 30 primary-listed stocks.Directors or CEOs filed 19 acquisitions, and two disposals, while substantial shareholders filed four acquisitions and one disposal.Union Steel co-founder Ang Yew Chye ups stake1. $Raffles Medical(BSL.SI)$ Between Mar 21 and 25, Raffles Medical Group executive chairman Loo Choon Yong acquired 600,000 shares at an average price of S$1.03 per share. It increased his total interest from 53.79% to 53.83%. This has followed on from his acquisition of 14.3 million shares between Feb 27 and Mar 20.2. $UnionSteel(ZB9.SI)$ Between Mar 25 and 26, Union
Weekly Inflows: Raffles Medical, Union Steel, PSC & JB Foods See Huge Acquisitions
Eight S-Reits among Singapore’s top retail net buy stocks in Q1
The first quarter of 2024 (till Mar 27) saw the FTSE EPRA Nareit Global REITs Index decline 0.6% in total return. The iEdge S-REIT Index recorded greater total return declines of 7.3% across the same period.January and February 2024 saw the 41 S-REITs and property trusts average 4.8% and 6.3% total return declines, respectively, as expectations for easing interest rates were pushed later in the year than previously expected. In March, the sector rebounded 2.5% (till Mar 27) as investor confidence in the sector returned, with the Federal Reserve foreseeing three rate cuts by the end of 2024.In terms of fund flows, institutional investors net sold over S$560 million worth of S-REITs in Q1 2024.On the other hand, retail investors continued to net buy the sector at over S$480 million, after ac
Eight S-Reits among Singapore’s top retail net buy stocks in Q1
Q1 2024 | Why Yangzijiang Shipbuilding Lead the Market this Week?
As of the close on Thursday, $Straits Times Index(STI.SI)$ closed at 3,224.01 points, down 0.50% points in Q1 2024.During Q12024, $YZJ Shipbldg SGD(BS6.SI)$, $Riverstone(AP4.SI)$, $Sri Trang Agro(NC2.SI)$, $Bumitama Agri(P8Z.SI)$ and $Wing Tai(W05.SI)$ are the top 5 weekly gainers, up 28.19%, 23.12%, 19.67%, 13.22% and 9.30% respectively.Below are key analyses of the TOP 5 gainers:1. $YZJ Shipbldg SGD(BS6.SI)$ E
Q1 2024 | Why Yangzijiang Shipbuilding Lead the Market this Week?
Weekly Inflows: Raffles Medical, PSC, Jardine C&C, APTT, JB Foods & TCA See Huge Acquisitions
The five trading sessions saw more than 80 changes to director interests, and substantial shareholdings filed for more than 40 primary-listed stocks. Directors or chief executive officers filed 25 acquisitions and four disposals, while substantial shareholders filed 10 purchases and four disposals.Share buybacks by primary-listed companies1.Raffles Medical GroupBetween Mar 14 and 20, $Raffles Medical(BSL.SI)$ executive chairman Loo Choon Yong bought 700,000 shares at an average price of S$1.035 per share, which increased his total interest from 53.76% to 53.79%. This followed his acquisition of 13.6 million shares between Feb 27 and Mar 13.Prior to the recent spate of acquisitions, Dr Loo’s total stake in Raffles Medical was 53.02%. Back o
Weekly Inflows: Raffles Medical, PSC, Jardine C&C, APTT, JB Foods & TCA See Huge Acquisitions
S-REITs gain on Fed chair Powell reaffirming three rate cuts to come this year
MOST Singapore-listed real estate investment trusts (S-REITs) and property trusts posted gains after the Federal Reserve held its interest rates steady and reaffirmed its projection of three rate cuts this year at the latest Federal Open Market Committee (FOMC) meeting.The $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ closed its Mar 20 session at a record high and the Straits Times Index also gained, rising 1.35% on Thursday (Mar 21) and marking its highest level in nearly a month – led by real estate, financial and consumer cyclicals names.The REIT sector has historically enjoyed strong absolute and relative total returns after the end of a monetary policy tightening cycle, said Edward Pierzak, se
S-REITs gain on Fed chair Powell reaffirming three rate cuts to come this year
Weekly | Why Riverstone Lead the Market this Week?
As of the close on Friday, $Straits Times Index(STI.SI)$ closed at 3,219.43 points, up 1.46% points last week.During the last 5 trading days, $Riverstone(AP4.SI)$, $Emperador Inc.(EMI.SI)$, $YZJ Shipbldg SGD(BS6.SI)$, $Shangri-La HKD(S07.SI)$ and $Man Oriental USD(M04.SI)$ are the top 5 weekly gainers, up 21.48%, 11.25%, 9.41%, 7.14% and 6.97% respectively. $Seatrium(S51.SI)$, $NIO Inc.(NIO.SI)$,
Weekly | Why Riverstone Lead the Market this Week?
Weekly Inflows: Raffles Medical, iFast, Boustead, LHT, JB Foods & Intraco See Huge Acquisitions
The five trading sessions saw close to 80 changes to director interests and substantial shareholdings filed for close to 40 primary-listed stocks. Directors or CEOs again filed 35 acquisitions, while no disposals were filed, and substantial shareholders filed nine acquisitions and five disposals.Share buybacks by primary-listed companies Mar 8 - 141.Raffles Medical GroupBetween Mar 7 and 13, $Raffles Medical(BSL.SI)$ executive chairman Loo Choon Yong acquired 2.7 million shares at an average price of S$1.02 per share. This increased his total interest from 53.61 to 53.76%. This followed his acquisition of 10.9 million shares between Feb 27 and Mar 6. Prior to the recent spate of acquisitions Dr Loo’s total stake in Raffles Medical Group wa
Weekly Inflows: Raffles Medical, iFast, Boustead, LHT, JB Foods & Intraco See Huge Acquisitions
S-Reits continue to expand through DPU-accretive acquisitions
The combined market value of the Singapore Reits and property trusts (S-Reits) sector has grown at a compound annual rate of 6% over the 10 years to end-2023. As expected, and given the challenging macroeconomic environment since the pandemic, not every year saw growth.Nevertheless, S-Reits are still expanding their portfolios as we see Reit managers announce proposed acquisitions and developments in the year thus far.REIT Watch - FLCT’s portfolio breakdown pre and post acquisition1.Frasers Logistics & Commercial TrustThe latest was announced by $Frasers L&C Tr(BUOU.SI)$ (FLCT) with the proposed acquisition of 89.9% interest in a logistics and industrial (L&I) portfolio of four properties in Germany. The stake will be purchase
S-Reits continue to expand through DPU-accretive acquisitions
Weekly | Why Sri Trang-Agro Lead the Market this Week?
As of the close on Friday, $Straits Times Index(STI.SI)$ closed at 3,172.96 points, up 0.82% points last week.During the last 5 trading days, $Sri Trang Agro(NC2.SI)$, $SINGTEL 10(Z77.SI)$, $Singtel(Z74.SI)$, $Raffles Medical(BSL.SI)$ and $ComfortDelGro(C52.SI)$ are the top 5 weekly gainers, up 4.70%, 4.64%, 4.20%, 2.97% and 2.96% respectively.$Emperador Inc.(EMI.SI)$, $YZJ Shipbldg SGD(BS6.SI)$,
Weekly | Why Sri Trang-Agro Lead the Market this Week?
Weekly Inflows: Wilmar, Raffles Medical, JB Foods, Centurion & PropNex See Huge Acquisitions
The five trading sessions saw over 100 changes to director interests and substantial shareholdings filed for 50 primary-listed stocks. Directors or CEOs filed 35 acquisitions and one disposal while substantial shareholders filed 10 acquisitions and two disposals.Director filings and buybacks continue at stronger pace1.Wilmar InternationalBetween Mar 1 and 5, $Wilmar Intl(F34.SI)$ chairman and CEO Kuok Khoon Hong increased his deemed interest in the global agri-business by 2,172,600 shares. This increased his total interest from 13.66% to 13.70%. HPRY Holdings, Longhlin Asia, Hong Lee Holdings and Jaygar Holdings each acquired 543,150 shares at an average price of S$3.33 per share. Kuok has been gradually increasing his total interest in Wilmar I
Weekly Inflows: Wilmar, Raffles Medical, JB Foods, Centurion & PropNex See Huge Acquisitions
Frasers Centrepoint Trust to join STI from Mar 18
Following $Straits Times Index(STI.SI)$’s March quarterly review, it was announced that $Frasers Cpt Tr(J69U.SI)$ (FCT) will be added to the STI and Emperador to be removed from it, effective at the start of business next Monday (Mar 18). This brings the total number of Singapore real estate investment trusts (S-Reits) in the STI to seven.At a market capitalisation of S$3.9 billion, FCT will join the STI with an approximate weight of 0.8%. FCT is also the second Frasers Property-sponsored Reit to join the benchmark after $Frasers L&C Tr(BUOU.SI)$. The combined indicative weightage of the seven S-Reits in the STI will be around 12.5.REIT Watch - S-Reit
Frasers Centrepoint Trust to join STI from Mar 18
Weekly Inflows: Raffles Medical, Wilmar, ValueMax & Wing Tai See Huge Acquisitions
The five trading sessions had almost 80 changes to director interests and substantial shareholdings filed for close to 50 primary-listed stocks. Directors or chief executive officers filed 30 acquisitions and one disposal, while substantial shareholders filed four acquisitions and 11 disposals.1. $Raffles Medical(BSL.SI)$ Between Feb 27 and 28, Raffles Medical Group executive chairman Loo Choon Yong acquired 4.5 million shares at an average price of S$1.03 apiece. This increased his total interest to 53.27%, from 53.02%.With the release of the group’s FY23 (ended Dec 31) results on Feb 26, he noted the group is cautiously optimistic in its 2024 outlook. He also said that despite geopolitical and economic headwinds, the group sees a growing
Weekly Inflows: Raffles Medical, Wilmar, ValueMax & Wing Tai See Huge Acquisitions
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