gearing

Right Timing

Watch for balance sheet liquidity, not just P/NAV

For valuations, look beyond P/NAV to balance sheet liquidity to identify undervalued stocks
City Developments' announces new launches, lower interest cover in 1QFY2024 update - THE EDGE SINGAPORE

Results

City Developments announces new launches, lower interest cover in 1QFY2024 update

CDL announces new launches, AEIs for four hotels, higher gearing and lower interest cover.
CapitaLand Investment: Liquid balance sheet throws up growth opportunities - THE EDGE SINGAPORE

Stocks To Watch

CapitaLand Investment: Liquid balance sheet throws up growth opportunities

CapitaLand Investment's liquid balance sheet will enable it to seize opportunities
Capitaland Integrated Commercial Trust faces challenges as Raffles City valuations take a hit - THE EDGE SINGAPORE

REITs

CapitaLand Integrated Commercial Trust faces challenges as Raffles City valuations take a hit

CapitaLand Integrated Commercial Trust's DPU fell by 27.4% y-o-y in FY2020 as Raffles City faces challenges

REITs

ARA US Hospitality Trust could raise equity to strengthen capital position

Both Sasseur REIT and ARA US Hospitality Trust could experience revaluation losses this year if their total rental revenues continue to fall. However, the negative impact will affect ARA US Hospitality Trust a lot more.

Financially Savvy

Developers clear up misconception around perpetual securities

On May 13, during a 1HFY2020 results briefing by Frasers Property’s (FPL) management, there were some questions on the company’s higher gearing, which had risen to 106.8% by March 31, 2020, from 85.9% as at Sept 30, 2019. The compa

REITs

MAS raises gearing limit to 50%, defers ICR implementation, MOF, IRAS extend timeline for tax transparency

On April 16, the Ministry of Finance (MOF), the Inland Revenue Authority of Singapore (IRAS), and the Monetary Authority of Singapore (MAS) announced that MOF and IRAS will extend the timeline for S-REITs to distribute at least 90% of

REITs

Chinese retail malls outperform US office REITs

Real estate investment trusts, especially US REITs listed on SGX, may be in for further volatility. The huge stimulus that the US administration is proposing will have to be funded by debt and that could drive up US risk-free rates r

Debt and defaults

What are the lessons from the Hyflux haircut?

(Dec 20): In the 1970s, long-haired visitors to Singapore were required to cut their hair on arrival as unkempt locks were linked to hippie culture.

Broker's Calls

Could changes to Cosco’s core business be underway?

SINGAPORE (Aug 8): DBS Vickers Securities is maintaining its “hold” call on Cosco Shipping International (Singapore) with an unchanged target price of 27 cents after the group last week reported a narrowing of its 2Q losses to $20.8 million.
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