The Business Times
business-time-50
HOCK LOCK SIEW

Singapore’s other pure-play Reits trading below book could do with strategic reviews too

google-preferred-sourceAdd BT as a preferred source
Jude Chan

Jude Chan

Published Thu, Dec 8, 2022 · 05:51 AM
    • Dasin Retail Trust, which owns the Ocean Metro Mall (pictured) in China, is among the Reits with a narrow focus that could benefit from a review.
    • Dasin Retail Trust, which owns the Ocean Metro Mall (pictured) in China, is among the Reits with a narrow focus that could benefit from a review. PHOTO: DASIN RETAIL TRUST

    THE decision by the manager of Manulife US Reit to conduct a strategic review – just six years into its listing on the Singapore Exchange (SGX) – is a bold move.

    On one hand, some in the market might take it as an admission of failure.

    That the value of a real estate investment trust (Reit) – backed by a strong global sponsor, no less – should have collapsed to the extent it did suggests the Reit was not built on a sturdy foundation in the first place.

    Hock Lock Siewmanulife us reitS-Reitsdasin retail trustLMIRTara h-trustEC World ReitPrime US Reitoue commercial reitcromwell e-reitbhg retail reit

    TRENDING NOW

    The new vehicles will comprise a mix of fully electric and hybrid models, including the BYD Seal 6 DM-i.

    ComfortDelGro’s Zig to buy S$10 million worth of BYD cars for private-hire fleet

    StarHub’s H1 Ebitda – excluding Ensign, a cybersecurity joint venture with Temasek – fell 23.8% for the period ended Jun 30.

    Singapore telco price war squeezes earnings, strengthens case for StarHub-M1 deal, say analysts

    Sats posted a S$75.1 million net profit for Q1, up 6% from S$70.9 million in the same year-ago period.

    Sats slides 13.6% as investors dump shares on profit-margin squeeze

    Handled passively, satellite connectivity becomes a service that the telco distributes, while somebody else sets the economics.

    When every phone becomes a satellite phone, what happens to Asia’s telcos?

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More