Ascendas REIT

SINGAPORE (Sept 6): DBS expects August’s market choppiness to continue into September over uncertainty policy actions over central banks, the risk of escalating geopolitical tensions in the Korean peninsula plus a lacklustre 2Q results season.

SINGAPORE (Aug 3): Maybank Kim Eng Research is remaining “positive” on the Singapore REIT (S-REIT) scene, noting stronger occupancies across the industrial subsectors even as rental reversions, except for business parks, remained weak.

SINGAPORE (July 28): RHB and Maybank KimEng are maintaining their “buy” calls on Ascendas REIT with the same target price of $2.90.

SINGAPORE (June 27): About half of Singapore’s listed stocks have revenue exposure to China, Asia’s biggest economy.

SINGAPORE (June 9): Maybank Kim Eng is maintaining its “buy” call on Ascendas REIT, saying the latter commands the best asset mix among the industrial S-REITs.

SINGAPORE (April 26): DBS continues to like Ascendas REIT for its solid yield of close to 6.2% with upside from potential acquisitions yet to be priced in, supported by a conservative leverage level of about 34%.

SINGAPORE (April 25): The manager of Ascendas REIT reported DPU for the 4Q ended March rose 13% to 3.852 cents from a year ago, supported by higher net property income from new acquisitions and active cost management.

SINGAPORE (April 24): Sino-Singapore Jilin Food Zone Development and Management Co. (JVMC), a joint venture between Singbridge and China’s Jilin city government, celebrated two key milestones for Sino-Singapore Jilin Food Zone (SSJFZ) today.

SINGAPORE (April 24): CIMB Investment Research is initiating coverage on Frasers Logistics & Industrial Trust (FLT) at “add” with a $1.10 target price, naming the trust as one of its sector preferred picks in place of CDL Hospitality Trusts (CD REIT)

SINGAPORE (April 21): Maybank Kim Eng Research is keeping its “hold” recommendation on Cache Logistics Trust with an unchanged price target of 95 cents.