Ascendas REIT

Ascendas-Singbridge to partner Mitsui and Tokyo Tatemono consortium to redevelop former CPF building

SINGAPORE (Oct 4): The former CPF building at 79 Robinson Road is to be redeveloped into a Grade A office building by a joint venture between Ascendas-Singbridge and a Japanese consortium comprising Mitsui and Co and Tokyo Tatemono.

Market Close

STI closes 0.14% lower at 2,805.52

SINGAPORE (Sept 25): Singapore stocks closed lower on Thursday, falling for the fourth consecutive session amid increased volatility in the global markets this week.

Stocks To Watch

STI closes 0.32% lower at 2,809.35

SINGAPORE (Sept 14): Singapore stocks closed weaker on Wednesday, dragged downwards in the afternoon by regional losses as global markets beat a retreat. Locally, property firms and offshore marine companies were among the worst hit.

Market Close

STI closes 1.9% lower at 2,818.38

SINGAPORE (Sept 13): Singapore stocks closed weaker on Tuesday, thanks largely to catch-up trading following a public holiday on Monday when other global markets fell sharply.

Stocks To Watch

GLP, Frasers Hospitality, Ascendas REIT, Secura, Vard, ISDN Holdings

SINGAPORE (Sept 13): Here are some stocks that could move the market this Tuesday morning:

No surprises from Ascendas REIT

SINGAPORE (July 22): Daiwa Capital Markets has maintained its “hold” rating on Ascendas Real Estate Investment Trust, with a target price of $2.38, after the REIT reported its earnings for 1QFY2017 to June.

In print this week

HP makes waves in among S-REITs

SINGAPORE (July 19): HP is known worldwide for its technology-related products. But to Singapore, it is also a long-time investor and big employer. As the company moves its operating facilities and offices around the island, it will likely leave its mark

Stocks to buy following Brexit rebound

SINGAPORE (July 18): The STI has rebounded since news of the UK voting in a referendum on June 24 to leave the European Union, suggesting the market has brushed off fears over Brexit.

Broker's Calls

Ascendas REIT no longer ‘undervalued'

SINGAPORE (July 11): Daiwa has downgraded Ascendas REIT (AREIT) to “hold” with a revised target price of $2.35 after the post-Brexit hunt for yield chased up its price.
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