Capitaland released a respectable set of results for 2Q2018. The following are excerpts from various equity research houses on the company's performance. CapitaLand reported 2Q18 net profits of S$605.5m, EPS of 14.4cts, +5.1% YoY. Core net profit of S$196.0m (-5.6% YoY) was below our expectation of S$226m, due mainly to...
Citi’s Take – We provide key investors’ feedback on CapitaLand’s acquisition of Ascendas-Singbridge (ASB) from its attendance at Citi’s 24th Annual Global Property CEO Conference in Miami last week, as well as our marketing in Europe, Hong Kong, Malaysia, Singapore, Thailand and US following the publication of...
Morgan Stanley hosted CEO Mr Lee Chee Koon and senior managers for an investor meeting. Key takeaways CapitaLand is working towards double-digit ROE from current 8% Leveraging on technology to improve productivity and tenant connectivity across mall, office and serviced residence properties Optimistic on Vietnam with contributions rising to S$100m...
Quoting the Urban Redevelopment Authority's (URA) fourth quarter 2018 housing statistics, Morgan Stanley reports that unsold inventory rose, but they think it is temporary. While vacancies fell faster than they expected, it did not translate into higher rents. Home prices fell...
FPL’s 3QFY18 core PATMI of S$157m (-13% YoY) came in above estimates, due to faster-than-expected recognition of development profits in Singapore. Net gearing improved 6%pts QoQ but remains high at 89% and suggests that more properties are likely to be injected into its listed S-REITs. Also read: Parc Esta new launch...
Capitaland Commercial Trust (CCT) has announced the completion of the divestment of Twenty Anson. The sale was originally announced on 29 June 2018, with CCT mentioning the sale consideration of S$516 million or S$2,503 per sqft based on the building's net lettable area. On the divestment, Mr Kevn Chee, CEO of...
GuocoLand's Beach Road integrated project adds to area's revamp Business Times, 26 November 2018 GuocoLand announced on Sun the groundbreaking of its integrated project on Beach Road - a project which, when completed in mid-2022, will add to the rejuvenation of the nearly 2 km stretch of road. Guoco Midtown will...
OUE Commercial REIT (OUECT) and OUE Hospitality Trust (OUEHT) in proposed merger to create one of the largest diversified S-REITs with total assets of S$6.8b, according to company announcements. OUECT will offer to buy OUEHT in a cash and stock deal , offering...
Exclusive * SoftBank Group Corp. is believed to be in negotiations to invest US$2 billion in WeWork Cos. Inc. in 2019. The potential investment is lower than the US$16 billion earlier reported to be earmarked by the Japanese multinational conglomerate for the American co-working space provider. * Singaporean property developer CapitaLand...
Riviere condo by Frasers Property at Jiak Kim. Your ticket to riverside city living.
According to PERE, JPMorgan Asset Management will be welcoming foreign investors for the first time in its flagship real estate fund, the JP Morgan Strategic Property Fund (SPF). SPF currently has a net asset value of approximately $33b and gross asset value of approximately $43b. (adsbygoogle...
The long awaited Woodleigh Residences by SPH and Kajima finally opened its doors for preview over the weekend. There was a steady stream of visitors to the showflat while we were there. Although there was no queue at the show units, it wasn’t easy trying to get an ‘unblocked’ picture (because...
ESR Cayman Ltd. confirmed that it has filed the papers for its proposed IPO on the Hong Kong stock exchange. The Asia Pacific-focused logistics real estate developer filed the application proof for the float March 1. Details of the IPO — such as the...
Amber Park by CDL - Freehold development with seaview Amber Park is an exciting upcoming freehold development located along Amber Road in District 15. It comprises of 592 units from 1 bedroom to 5 bedrooms, with majority of the units having unblocked views...