Westgate consolidation, Funan reopening boost CMT Q3 revenue

CAPITALAND Mall Trust (CMT) on Monday posted a distribution per unit (DPU) of 3.06 Singapore cents for its third quarter ended September 30, 2019, up from the 2.92 Singapore cents paid out a year ago.

MLT's Q2 DPU up 3.4% on contributions from new, existing assets

STABLE performance across all its markets coupled with new portfolio assets boosted Mapletree Logistics Trust's (MLT) second-quarter distribution per unit (DPU) to 2.025 Singapore cents, up 3.4 per cent from 1.958 cents a year earlier.

Sen Yue to raise S$6m in share placement to new investor

CATALIST-LISTED waste management firm Sen Yue Holdings on Monday said that it will raise about S$6 million from research and development company Jiangmenshi Changxin Technology's subscription of 120 million new shares in the company at S$0.05 each.

Jumbo opens second franchised seafood restaurant in South Korea

RESTAURANT operator Jumbo Group on Monday announced the opening of its second franchised Jumbo Seafood restaurant in South Korea, marking the group's seventh franchised Jumbo Seafood restaurant.

ST Engineering wins contracts worth S$1.8b in Q3

SINGAPORE Technologies Engineering (ST Engineering) on Monday said its aerospace and electronics sectors have secured new contracts with a combined value of about S$1.8 billion for the third quarter of 2019.The aerospace sector secured various contracts amounting to S$1 billion across its...

Consolidation of Westgate, Funan’s reopening boost CMT’s Q3 DPU

CAPITALAND Mall Trust (CMT) on Monday posted a distribution per unit (DPU) of 3.06 Singapore cents for its third quarter ended Sept 30, up from the 2.92 cents paid out a year ago.

Stable performance, new assets support MLT’s Q2 DPU

STABLE performance across all its markets coupled with new portfolio assets boosted Mapletree Logistics Trust's (MLT) second-quarter distribution per unit (DPU) to 2.025 Singapore cents, up from 1.958 cents a year ago.

UrbanMatch aims to 'matchmake' home buyers, sellers

THINK dating apps - but for property buyers and sellers.

Higher rents, Seoul tower contribution boost Keppel Reit's Q3 DPU by 2.9%

HIGHER rentals from Ocean Financial Centre and 275 George Street, and a full quarter of income contribution from T Tower in Seoul, acquired in May, as well as its unit buyback programme, lent a boost to Keppel Reit's third quarter ended Sept 30.

Keppel Reit posts Q3 DPU of 1.4 S cents on higher rents, T Tower contribution

HIGHER rentals from Ocean Financial Centre and 275 George Street, and a full quarter of income contribution from T Tower in Seoul, acquired in May, as well as its unit buyback programme, lent a boost to Keppel Reit's third quarter ended Sept 30.

MCT's Q2 boosted by better portfolio contribution

HIGHER contribution from its assets - VivoCity, Mapletree Business City I, PSA Building and Bank of America Merrill Lynch HarbourFront - with one exception, boosted Mapletree Commercial Trust's (MCT) second-quarter performance.

BT EXCLUSIVE

US grocery space player could add to S-Reit asset classes

THE sponsors of United Hampshire US Reit are looking to raise up to US$400 million from the Singapore market, and are on the lookout for cornerstone investors.

Better portfolio contribution boosts MCT's Q2 DPU to 2.32 S cents

HIGHER contribution from its assets - VivoCity, Mapletree Business City (MBC) I, PSA Building and Bank of America Merrill Lynch HarbourFront Mapletree Commercial Trust - boosted Mapletree Commercial Trust's (MCT) second-quarter performance, all except for Mapletree Anson.

EARNINGS OUTLOOK

Retail, hospitality Reits get lift from tourist arrivals

IT is likely to be another stable reporting season for Singapore's real estate investment trusts (Reits) with tourist arrivals in July and August giving a boost to retail and hospitality Reits while industrial Reits continue to be pressured by the bleak state of manufacturing activity.

NEWS ANALYSIS

PropertyGuru: Portal not enough

LOSS-MAKING online real estate classifieds marketplace PropertyGuru may boast of its pole position in its core markets in South-east Asia, but it has to find a way to monetise its data in order to propel its growth beyond just a reliance on advertising revenue.

INVESTING

Sias to revive independent equity research 'a year from now'

RETAIL investor watchdog Securities Investors Association (Singapore) is resurrecting its equity research unit to resume coverage on small to mid-cap Singapore-listed companies, which it had shut down back in 2013 when brokerage-backed research was ubiquitous.

HYFLUX SAGA

Court rules Salim-Medco consortium can countersue Hyflux for S$39m in escrow

THE court on Thursday decided that SM Investments (SMI) is entitled to assert its counterclaim for the S$38.9 million deposit placed in escrow, without leave from the court.

Court says SMI entitled to countersue Hyflux for S$39m in escrow; full trial required to resolve dispute

THE court on Friday decided that SM Investments (SMI) is entitled to assert its counterclaim for the S$38.9 million deposit placed in escrow, without leave from the court.

HOCK LOCK SIEW

Time for ST Telemedia, Singtel to inject their data centres into Reits?

UP to S$6 billion worth of data centre assets could be spun off into real estate investment trust (Reit) initial public offerings, should CLSA's suggestion in a recent report on a potential restructuring of Temasek's portfolio materialise.

HYFLUX RESTRUCTURING

Other white knights waiting in the wings, says Hyflux's lawyer

MIDDLE Eastern utility company Utico has regularly declared that it is locked, loaded and ready to go to the rescue of Hyflux, but court testimony on Monday suggested that the outcome may not be so clear.

Hyflux debt moratorium extended by two more months to Dec 2

THE High Court on Monday granted Hyflux a two-month extension on its debt moratorium until Dec 2, after most of its creditors either took no position or showed support for the move, with the exception of an unsecured working group of creditors.

SGX RegCo queries DLF on offeror's intent

THE Singapore Exchange Regulation (SGX RegCo) on Thursday asked DLF Holdings to disclose, among other things, the rationale and intent of QRC Pte Ltd's offer and the relationships between the offeror, the group and its directors, key management and associates, if any.

SGX RegCo queries DLF on offeror's intent, directors' ties with offeror

THE Singapore Exchange Regulation (SGX RegCo) on Thursday asked DLF Holdings to disclose its responses to the exchange's queries, among other things, on the rationale and intent of QRC Pte Ltd's offer and the relationships between the offeror, the group and its directors, key management and...

No big push yet for restructuring of Temasek's portfolio: analysts

COULD a reorganisation of companies under state investment firm Temasek's portfolio revitalise Singapore's equity market?

No obligation for substantial shareholders to make general offer: Sing Investments

THE board of Sing Investments & Finance on Monday clarified that its substantial shareholders and persons acting in concert as a whole held more than 30 per cent of the voting rights of the company as at March 2, 2018 and March 1, 2019.