Ascott Residence Trust

PhillipCapital's Chew picks banks, Singtel and coal plays - THE EDGE SINGAPORE

Global Markets

PhillipCapital's Chew picks banks, Singtel and coal plays

Banks will benefit from higher rates; coal miners will see support from new buying by the Europeans
Broker's Digest: Ascott Residence Trust, Singapore Telecommunications, Venture Corp - THE EDGE SINGAPORE

Broker's Calls

Broker's Digest: Ascott Residence Trust, Singapore Telecommunications, Venture Corp

See what the analysts have to say about these counters. Graphic: The Edge Singapore

Property

The Ascott opens latest lyf co-living property at one-north, eyes 150 properties by 2030

CLI plans to have five more lyf properties by end of the year

Investing ideas

PhillipCapital adds Del Monte Pacific to model portfolio as turnaround gets underway

Del Monte’s overall earnings have improved tremendously
UOB Kay Hian upgrades Ascott Residence Trust to 'buy' on the back of recovery in the EU and UK  - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian upgrades Ascott Residence Trust to 'buy' on the back of recovery in the EU and UK

UOB Kay Hian has upgraded ART to “buy” with a target price of $1.16.
Hotel plays stabilise as STI stalls temporarily - THE EDGE SINGAPORE

Right Timing

Hotel plays stabilise as STI stalls temporarily

Hotel plays have strengthened. On Mar 17, Moody's indicated that hospitality REITs had sufficient cash to ride through 2021.
REIT results within expectations, with a DPU surge for Keppel DC REIT and challenges for ART - THE EDGE SINGAPORE

REITs

REIT results within expectations, with a DPU surge for Keppel DC REIT and challenges for ART

REITs' results are mainly within expectations, with Keppel DC REIT experiencing a DPU surge, while ART faces challenges

Covid-19

Hotels hit by Covid-19 see diversification as key when recovery resumes

“With the plunge in both visitors and meetings, I am sure the government is going to have to do more if there is any hope for the hotels to survive,” says Liza.

REITs

ART divests Citadines Wuhan in Dec lowering China exposure, raises 2019 DPS by 6% y-o-y

By a stroke of good fortune, coincidence or foresight, Ascott Residence Trust (ART) signed an agreement to divest of Citadines Xinghai Suzhou and Citadines Zhuankou Wuhan at a price more than 30% above their combined property book values representing net
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