net asset value (NAV)

Analysts keep 'buy' on CapitaLand after 1Q21 update reflects recovery - THE EDGE SINGAPORE

Broker's Calls

Analysts keep 'buy' on CapitaLand after 1Q21 update reflects recovery

PhillipCapital and RHB have kept their target prices unchanged at $4.38 and $4.25 respectively.
Venture Corporation sees 8.3% higher net profit of $65.3 mil due to shortages in global parts and components - THE EDGE SINGAPORE

Results

Venture Corporation sees 8.3% higher net profit of $65.3 mil in 1Q21 due to shortages in global parts and components

The group says it expects q-o-q improvement in the 2QFY2021, and a stronger 1HFY2021 performance compared to the year before.

Company in the news

Alset International subscribes to 6.5 mil shares in Value Exchange for US$650,000

Shares in Alset closed 0.1 cent lower or 1.5% down at 6.4 cents on April 8.
Leader Environmental Technologies seeks to raise up to $80.0 mil in placement agreement - THE EDGE SINGAPORE

Equity raising

Leader Environmental Technologies seeks to raise up to $80.0 mil in placement agreement

The company's NAV per share will stand at 26.38 RMB cents per share on a pro forma basis if the upsize option is exercised in full

REITs

ALOG's proposed transaction not immediately accretive to DPU and NAV

ARA LOGOS Logistics Trust proposed an acquisition that is not immediately accretive to DPU and NAV

Broker's Calls

Stand down on Ascott REIT in wake of rights issue and acquisitions

SINGAPORE (March 8): UOB Kay Hian has downgraded its call on Ascott Residence Trust (Ascott REIT) to “hold” from “buy” previously, following Tuesday’s announcement of its $442.7 million rights issue to acquire Ascott Orchard Singapore, Citadines
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