Topic of Interest: #CIMB (131 Articles Found)
CGS-CIMB Research analyst Lock Mun Yee has maintained her ‘overweight’ rating for the Singapore property sector after the property price index flash estimate for 1Q2021 showed that private home prices rose 2.9% q-o-q, compared to 2.1% in 4Q2020.…
CIMB Singapore will lay off employees and shut its branch in Orchard Road following a review of its business and resources. CIMB did not respond to CNA’s queries on how many employees were being let go and when…
CGS-CIMB believes Singapore Reits are poised for a full recovery on expectations of a continuous improvement in footfall, which would support growth in tenant sales. In a Thurs report, the brokerage singled out three Reits – Frasers Centrepoint…
Buoyed by strong demand for new homes, the property development and investment sector is set to carry “stable” volume demand into 2021 despite the pandemic, says CGS-CIMB Research analyst Lock Mun Yee. Lock is maintaining “overweight” on the…
Shoppers throng heartland malls even on weekdays, say CGS-CIMB, signalling rapid recovery for Frasers Centrepoint Trust (FCT), faster than its peers. The impact of Covid-19 on retail is slowly abating, write CGS-CIMB analysts Eing Kar Mei and Lock…
CIMB bank said that it would keep to its mortgage floor rate, after an earlier decision to increase it to 0.9 per cent from 0.1 per cent set off alarm among homeowners who have taken up loans with…
A group of CIMB Singapore’s mortgage customers has banded together to protest the lender’s decision to raise its floor rate threefold amidst the pandemic. In their recently-launched website HonestMortgage.sg, the group questioned whether any bank in Singapore has…
Following a pushback from irate customers, CIMB Singapore will delay the start date – to Jan 1, 2021 – of its higher minimum rate for certain mortgages pegged to Sibor and Sor. The hike in the bank’s floor…
CIMB Singapore has raised the ire of customers with its move to raise the floor of certain mortgages pegged to the one-month Sibor – with that floor rate now higher than the prevailing market rate. From May 18,…
REITs in Singapore have been forced to factor in uncertainties as the Covid-19 outbreak lingers, resulting in a need to conserve cash through lowering dividend payouts. With weaker margins and revenue in the pipelines, CGS-CIMB analyst Eing Kar…
If 2019 had not been kind to Suntec REIT, the beginning of 2020 doesn’t seem to looking up for the REIT either. Despite the gloomy outlook, CGS-CIMB reiterates its “buy” call. “While we think Suntec REIT’s share price…
Although retail REITs have not been immune to the global market sell-off, experts believe that near-term disruptions from the Covid-19 outbreak have already been priced in. In particular, CGS-CIMB Research believes that CapitaLand Mall Trust’s (CMT) valuations have…
Reits in the retail space could see a huge dent in their DPU for FY2020 as a result of Covid-19 and the, according to CGS-CIMB Research. This comes after Singapore issued an advisory urging its residents to avoid…
CapitaLand Mall Trust (CMT) has seen its share price slide on concern over the Covid-19 outbreak in Singapore. From its year-to-date peak of $2.62 on Jan 24 – a day after the first confirmed case in Singapore –…
CGS-CIMB is keeping the Singapore property sector at “overweight” on the back of a 23% month-on-month increase in home sales recorded in Nov. In a flash note on Mon, the brokerage notes that Nov was an “active month”…
CGS-CIMB Research is keeping its “hold” recommendation on Starhill Global REIT (SG REIT) on expectations of muted near-term growth due to the weak economy. But lead analyst Eing Kar Mei believes a couple of potential investments in the…
Boustead Singapore’s industrial real estate unit, Boustead Projects, could be on track for a Reit listing in as early as 2020, as existing projects under development bring its leasehold portfolio asset base to S$1 billion by next year,…
This chart from CGS-CIMB shows the 0.3 ppt YoY increase in the occupancy rates and the rental index of the overall industrial property market. According to CGS-CIMB analyst Lock Mun Yee, this supported industrial REITs’ encouraging results in…
CGS-CIMB Research is maintaining the Singapore property sector at “overweight” following a 28% month-on-month increase in home sales volume in May. Some 952 new private housing units were sold in May, 28% higher than in Apr but 15%…
CGS-CIMB continues to rate Frasers Property Limited (FPL) “add” following the group’s 2Q19 results announcement. Last Fri, the group reported 2Q19 earnings of $120.5 million, 8.3% higher y-o-y, bringing 1H19 earnings to $266 million, 37.2% higher than a…
Primary home sales volume is expected to reach 9,000-10,000 units by end-2019 as Singapore’s residential market attempts to achieve a new normal following last year’s property curbs, according to a report from CIMB. The headline sales figure falls…
Saying they were negatively surprised by the year-on-year decline in media revenue at SPH, CGS CIMB recently said that SPH is now anchored by property. It added that SPH’s media business is still not a pretty sight. “While…
Property developers and property services companies expect the residential market to remain relatively stable this year, revealed CGS-CIMB. APAC Realty expects transaction volumes for 2019 to be comparable with that seen last year “due to the sheer number…
Hyflux’s default troubles with PUB could spark some short-term pains for Ascendas REIT, which is exposed to Hyflux Building and Hyflux Innovation Centre, and ESR-REIT, which is exposed to 8 Tuas South Lane, CGS-CIMB said in a report.…
A quick turnaround for Singapore’s struggling retail REIT sector is largely unlikely to take place as tenant sales and shopper traffic remained dismal in Q3, effectively putting the sector behind stronger office and hospitality REITs, according to CIMB.…
CGS-CIMB Research is maintaining its “neutral” stance on Singapore’s property sector post the release of recent URA data, which reflected higher Sept monthly home sales of 944 transactions, up 51% m-o-m and 42% y-o-y. In a Mon report,…
Singapore’s annual hotel supply is poised to crash to a ten-year low to 281 new rooms that will be coming online by end-2018, according to CIMB Research. This compares an average of around 3,000 rooms per annum in…
CGS-CIMB Securities continues to rate Singapore REITs as “overweight” following media reports that home-grown electronics retailer Newstead Technologies is currently in liquidation. The affected REITs from the closure of Newstead stores are Capitaland Mall Trust (CMT), Frasers Centrepoint…
CGS-CIMB Research is keeping its “neutral” stance on property developers amid slowing sales at new launches, following a slew of new property cooling measures introduced in July to curb rising home prices. “As property stocks’ performance has historically…
It’s no wonder why Frasers Centrepoint Trust’s Northpoint City and Causeway Point are two of the biggest malls in the northern region. Given the two malls are well connected to MRTs and bus stations, they have been performing…
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