Citi Investment Research in a Jan 27 research report says: “While revenue was up 4% in INR terms due to higher maintenance/operations income, growth was flat in S$ terms, as a result of currency (Rs 33.3 vs Rs 34.5/SGD in Q3Fy10).
Posts Tagged ‘trust’
Frasers Commercial Trust off 2.9%; cosmo divestment positive – OCBC
January 27th, 2011 |
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Frasers Commercial Trust (A48U.SG) is down 2.9% at S$0.170, in hefty volume of 23.6 million shares, after reporting 1Q FY11 gross revenue of $29.0 million, down 2.3% on year and off 1.1% on quarter, which was mainly on lower contribution from Cosmo Plaza due to the expiry of a significant tenancy in August 2010.
Frasers Commercial Trust posts 6.7% rise in 1Q distributable income to $7.9m
January 26th, 2011 |
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Frasers Commercial Trust says gross revenue was for the first quarter ended Dec 31, 2010, was $29 million, 2.3% lower as compared to a year ago.
This was mainly due to lower contribution from Cosmo Plaza as a result of the expiry of a significant tenancy in August 2010.
Correspondingly, net property income was 2.4% lower at $22.9 million.
Online Trust Alliance Outlines Data Breach Guide
January 26th, 2011 |
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The guide recommends completing a privacy and security audit of all data collection activities, including cloud services. – The Online Trust Alliance, a nonprofit organization
representing the Internet ecosystem, announced the release of the quot;2011
Data Breach Incident Readiness Guide, quot; outlining key questions and
recommendations to help businesses with breach prevention and incident
management. In the wake …
Mapletree Industrial Trust achieves maiden DPU of 1.52 cents
January 25th, 2011 |
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Mapletree Industrial Trust says it has achieved a maiden Distribution Per Unit of 1.52 cents from its listing date on 21 October to 31 December 2010, exceeding forecast by 13.4%.
Distributable income and net property income at $22,282,000 and $29,593,000 was 13.6% and 8.7% higher than forecasted.
Citigroup cuts Mapletree Logistics Trust to Hold
January 24th, 2011 |
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Citigroup downgrades Mapletree Logistics Trust (M44U.SG) to Hold from Buy; the house says MLT has been one of the best performing S-REITs in the past year, up over 30% and has outperformed the STI by close to 20%.
“While we remain positive on its outlook, we are downgrading the stock to Hold on valuation grounds.” Citi raises it target to $1.00 from $0.92 to reflect both the improved rental outlook as well as potential acquisitions.
Frasers Centrepoint Trust announces 1Q DPU of 1.95 cents
January 24th, 2011 |
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Frasers Centrepoint Trust has announced a distribution per unit (DPU) of 1.95 cents for 1Q11 (1 Oct to 31 Dec 2010 period).
1Q11 gross revenue grew 19% y-on-y to $27.6 million, aided by the accretive acquisitions of Northpoint 2 and YewTee Point. 1Q11 net property income similarly rose 17% y-on-y to $18.6 million, even though Causeway Point income was affected by planned refurbishment works.
Pacific Shipping Trust rated ‘buy’ by DBS
January 21st, 2011 |
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DBS Vickers Securities in a Jan 20 research report says: “Revenue and operating profit in 4Q10 came in 2% q-o-q and 8% y-o-y lower, owing to more off-hire days arising from repairs to the 2 time-chartered vessels.
Kim Eng reiterates CapitaMall Trust at Buy
January 21st, 2011 |
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Kim Eng reiterates CapitaMall Trust (C38U.SG) at a Buy with a DDMâ€derived target of US$2.32 ($3.00) after the REIT Thursday declared a FY10 DPU of 9.24 Singapore cents on the back of 5.9% on-year growth in net property income.
“With forward yields of at least 5.2% and rising, CMT could be an alternative inflation hedge,” the house says. It adds, like CapitaCommercial Trust (C61U.SG), CMT has a high cash position of US$712 million ($916.8 million).
Rickmers Trust Management – Corporate moves
January 20th, 2011 |
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Gerard Low Shao Khang has been appointed CFO wef Feb 15
Work experience: Owner/managing partner, Berioza Associates; group CFO/ED, Delifrance Asia group
Jan 20: CapitaMall Trust, First Resources, M1
January 20th, 2011 |
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The following companies may have unusual price changes in Singapore trading today. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index lost 0.2% to 3,241.96.
CapitaMall Trust (CT SP): Singapore’s biggest retail property trust, said its fourth-quarter payout to shareholders fell 1.4% to $75.4 million from a year earlier. The dividend beat its own forecast of $73.9 million. The stock was unchanged at $1.90.
Pacific Shipping Trust declares DPU of 0.809 US cents for 4Q
January 19th, 2011 |
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Pacific Shipping Trust (PST), Singapore’s first publicly-listed business trust, says it achieved a DPU of 0.809 US cents (1.037 cents) for the fourth quarter ended December 31, 2010 (4QFY2010).
Together with distributions totalling 2.418 US cents in the first three quarters, the aggregate distribution for the FY2010 will be 3.227 US cents, representing an annual yield of 8.7%. But DPU for FY2010 is lower than FY2009 due to higher income retention since 3QFY2009.
Jan 19: Singapore stocks may open higher; OUE, CapCom Trust in focus
January 19th, 2011 |
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Singapore shares may open higher on Wednesday, helped by stronger commodity prices, improving sentiment in the debt-laden euro-zone and robust earnings from US technology companies. Singapore’s benchmark Straits Times Index <.FTSTI> rose 0.34% on Tuesday to 3,249.58 points.
Here are some stocks and factors to watch:
Singapore hotel operator Overseas Union Enterprise (OVES.SI) may be in focus after IFR reported that Credit Suisse International is selling up to a US$116 million ($149 million) stake in the property firm.
Data Breaches at Arizona Medical Center Makes Case for Zero Trust Security
January 14th, 2011 |
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Its no longer enough to protect the network from just external hackers because there are plenty of insiders who have too much access to data, according to a security expert. – Two recent incidents at a hospital and a radiology lab
highlight the importance of securing medical data from both internal and
external threats.
Three employees and a contracted nurse at Tucsons
University Medical Center were fired for accessing confidential patient
records, according to the …
Holly Madison Doesn’t Trust Hugh Hefner Fiancee Crystal Harris
January 13th, 2011 |
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Someone’s looking a little green — and it isn’t the cheap jewelry. In news that will surprise absolutely no one, Holly Madison hates Hugh Hefner’s new fiancee. Imagine that. These days, the former No. 1 lady in Hef’s Harem of Hotties has her own problems. Holly’s been ordered to trim down or risk expulsion from [...]
First Real Estate Inv Trust rated ‘buy’ by OCBC
January 11th, 2011 |
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OCBC Investment Research in a Jan 7 research report says: “First REIT (FREIT) owns ten healthcare-related properties across Indonesia and Singapore. With a well-defined acquisition strategy, FREIT has managed to complete the acquisitions of two Indonesian hospitals recently which we view as yield-accretive in nature.
Ex-CapitaLand exec plans $1b Singapore trust IPO – Update
January 5th, 2011 |
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Perennial Real Estate, a firm set up by former CapitaLand (CATL.SI) retail chief Pua Seck Guan, has hired Goldman Sachs (GS.N), DBS (DBSM.SI) and Standard Chartered (STAN.L) to help it raise as much as $1 billion in a property trust IPO, sources with knowledge of the deal said on Wednesday.
Ex-CapitaLand exec plans $1b Singapore trust IPO
January 5th, 2011 |
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Perennial Real Estate, a property management firm managed by former CapitaLand (CATL.SI) retail chief Pua Seck Guan, has hired Goldman Sachs (GS.N), DBS (DBSM.SI) and Standard Chartered (STAN.L) to advise on a $1 billion initial public offering, sources with knowledge of the deal said.
Perennial intends to list a property trust in Singapore comprising mostly shopping malls in China, said the sources, who declined to be named because the matter has not been made public.
Perennial declined comment and the banks either declined comment or could not be reached.
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“Aim is to restore trust in judiciary”
January 4th, 2011 |
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Justice Minister Snežana Malović stated on Monday that the ministry’s aim for 2011 is to restore the citizens’ trust in Serbia’s judiciary. “Everything we do is for the Serbian citizens and that cannot be improvisation, as the citizens will decide on whether we succeeded in it or not,” Malović said, pointing out that the ministry will persevere and work hard in the period to come.
GuocoLand: No plans to establish REIT
December 29th, 2010 |
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GuocoLand, the developer controlled by Malaysian tycoon Quek Leng Chan, said it will review setting up a real estate investment trust as a possible strategy to extract value from its property portfolio. The company said it currently has no plans to establish such a trust, responding to a report in The Business Times newspaper. GuocoLand is considering listing an office real estate investment trust and another trust holding retail assets, the newspaper reported today, without citing anyone.
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