hospitality

SINGAPORE (Oct 10): Brokers are unanimously positive on City Developments' potential offer for Millennium & Copthorne Hotels, given that the acquisition will be value accretive to the group.

SINGAPORE (Sept 21): RHB Research is maintaining its "overweight" rating on Singapore REITs (S-REITs) on expectations of 2018 to be a turnaround year for the hospitality sub-sector as key growth drivers fall into place. 

SINGAPORE (Aug 30): KGI Securities is recommending “buy” for Sing Holdings with a fair value estimate of 54 cents, based on an implied 0.83 times P/B FY16 earnings, as well as a 30% discount to the property developer’s revalued net asset value (RNAV

SINGAPORE (Aug 4): The manager of Far East Hospitality Trust (FEHT) has declared a distribution per stapled security (DPS) of 0.97 cent for the 2Q17 ended June, down 4% from the 1.01 cents DPS posted in 2Q16 due to lower revenue.

SINGAPORE (Aug 3): Mandarin Oriental, a member of the Jardine Group, posted a 34% decrease in 1H17 earnings to US$15 million ($20.4 million) compared to US$22.9 million a year ago, due to the renovation of its London property.

SINGAPORE (July 28): The local stock market may be headed for a correction in the third quarter of this year, but that should not deter investors from putting their money into stocks right now.

SINGAPORE (June 1): Hilton Garden Inn, Hilton’s upscale brand of hotels, today made its foray in Singapore with the opening of the 328-room Hilton Garden Inn Singapore Serangoon, located in the Little India district off Serangoon Road at 3 Belilios Road

SINGAPORE (May 18): DBS Vickers recommends investors to remain “overweight” on the office and industrial Singapore REIT (S-REIT) sectors due to the prospects of an improving Singapore GDP, as well as the expected easing of supply pressures come 2018.

SINGAPORE (May 17): OCBC Investment Research is maintaining its “buy” call on Straits Trading Company with an unchanged fair value estimate of $2.73, after it posted 1Q results which the research house deems to mark a “firm start to the year” for

SINGAPORE (May 16): DBS Vickers is upgrading its call on Far East Hospitality Trust (FEHT) to “buy” from “hold”, raising its target price on the stock to 66 cents from 63 cents previously on expectations of a market recovery from 2018 onward.