Mount Elizabeth Hospital

UOB Kay Hian raises Parkway Life REIT's target price to $5.07 - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian raises Parkway Life REIT's target price to $5.07

For its 2HFY2023, Parkway Life REIT reported a distribution per unit of 7.48 cents, up 2.1% y-o-y

Healthcare

PLife REIT and IHH Healthcare conduct major refurbishment works at Mount Elizabeth Hospital

The project, which will cost $350 million, will be jointly funded by both PLife REIT and IHH Healthcare.

REITs

Why ParkwayLife REIT is different from other healthcare REITs

PLife REIT's new master lease agreement is accretive to DPU and NAV, and its low occupancy cost could trigger variable rent

REITs

Clock ticking on ParkwayLife REIT's 15-year master lease

SINGAPORE (Feb 10): ParkwayLife REIT closed at $3.58 on Jan 31, up 6.2% in January alone. Since its IPO in 2007 at $1.28 per unit, ParkwayLife REIT’s unit price has more than doubled. The REIT has never had a rights issue, or a preferential equity offer

Singapore economy

How much is pain costing Singapore’s economy?

SINGAPORE (June 20): Pain conditions are costing Southeast Asian economies about US$44.6 billion ($61.9 billion) in productivity losses on an annual basis – out of which Singapore’s estimated productivity losses make up about US$6.2 billion per year,
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