Brokers' take
Singapore Residential Sector | Neutral (maintained) OCBC Investment Research, March 18
Following a turbulent 2018, a more risk-on market sentiment this year has aided a recovery in share prices of the Singapore developers under our coverage.
After a soft January, private home sales in February showed a more encouraging uptick of 4.4 per cent quarter-on-quarter and 18.5 per cent year-on-year to 455 units (excluding Executive Condominiums).
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Reits & Property
Far East Orchard acquires 49% stake in UK-based purpose-built student accommodation operator for £17.6 million
Suntec Reit Q1 DPU down 13% to S$0.01511 in absence of capital distribution
Frasers Centrepoint Trust posts 1.8% drop in H1 DPU to S$0.06022
MPACT posts 1.8% higher Q4 DPU of S$0.0229
CapitaLand China Trust posts 7.7% drop in Q1 NPI to 313.1 million yuan
First Reit reports 3.2% lower Q1 DPU of S$0.006 amid interest rate, forex headwinds