Topic of Interest: #DBS (288 Articles Found)

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Singapore’s biggest bank to cut office space in home market

DBS Group is poised to trim office space in Singapore, the latest bank to pare its footprint in the city-state during the coronavirus pandemic. SEA’s largest bank plans to surrender about two and half floors, or 75,000 sqft,…

Industrial S-Reits well-positioned for growth; downside risks priced in, says DBS

DBS Group Research said it sees a good opportunity to buy industrial S-Reits as downside risks of US inflation have been priced in, following a recent correction. Given the sector’s pivot to “new economy” assets such as business…

Lendlease Global Commercial REIT remains DBS’s top pick among REITs in Orchard Road

Lendlease Global Commercial REIT (LREIT) remains the top pick of DBS Group Research analysts Geraldine Wong and Derek Tan, as they mull the future of domestic consumer trends and how they’ll affect the malls along the Orchard Road…

As Metro mulls exit from department store business, DBS weigh the implications on SPH REIT and FCT

As Metro contemplates the potential closure of its two remaining outlets in Singapore, DBS Group Research analysts Geraldine Wong and Derek Tan weigh the implications its closure will have on SPH REIT and Frasers Centrepoint Trust (FCT). There…

New measures taken to ease queues for new notes

We know that CNY is a very special occasion for many of us. Heralding the new year with the tradition of exchanging red packets is something we all look forward to. This year, however, with safety measures in…

DBS takes steps to ease queues at pop-up ATMs for new CNY notes

DBS has rolled out additional measures to reduce long queues outside its pop-up ATMs for new dollar notes ahead of CNY. These include putting up end-queue signage to cap queue numbers, deploying on-site safety ambassadors to enforce safe…

Sabana REIT expected to ‘turn a new page’, recovery in FY21-22: DBS

DBS Group Research’s Derek Tan and Woo Bing Yong have maintained their “buy” call on Sabana REIT. In a Jan 25 note, the analysts estimate that the completion of Sabana’s New Tech Park+ (NTP+) in Lorong Chuan will…

An increase in property price index between 5-8% could tip property market into ‘bubble territory’: DBS

As the Singapore property market maintains its upward trajectory in 4Q2020 despite the country entering the worst recession in 20 years, DBS Group Research analysts Derek Tan, Rachel Tan, Dale Lai and Geraldine Wong has identified four factors…

For retail Reits, domestic spending can mitigate absence of tourist dollars

DBS Group Research believes retailers and mall landlords in Singapore can capture a significant part of outbound expenditure by locals, and this will more than compensate for the lack of tourist spend in 2021. Given that Singaporeans are…

Keppel REIT’s best-in-class office portfolio keeps it at ‘buy’

DBS Group Research is keeping its “buy” recommendation on Keppel REIT (KREIT). In a Dec 10 report, lead analyst Rachel Tan says, “KREIT’s best-in-class office portfolio, anchored by Singapore Grade A offices in prime CBD locations, is well-positioned…

Positive outlook for office REITs as GDP recovers: DBS

DBS Group Research’s Rachel Tan and Derek Tan have maintained a positive sentiment on office spaces in Singapore, despite a rising trend of flexible working arrangements. They expect demand for office space emerging “with a new face” post…

Excess industrial supply in 2021 may temper rental growth, says DBS

DBS Group Research on Fri said excess supply of industrial space in Singapore in 2021 may lead to organic rental growth potential in the sector becoming more tempered. This comes amid expectations that the extended stoppage in construction…

DBS to feature 24/7, self-service banking in a third of its branches

DBS will transform at least a third of its branches by rolling out 24/7, self-service banking options and enabling easier access to financial planning tools in the next 12 to 18 months. DBS customers can conduct more complex…

Broker’s take: S-Reits’ exposure to Robinsons owner in spotlight as more brands may close

DBS Group Research on Mon noted that the fortunes of retail-focused S-Reits are “closely tied” with that of beleaguered Robinsons Singapore’s owner. More brands under Dubai-based conglomerate Al-Futtaim, which owns the department-store operator that’s now in liquidation, may…

Broker’s take: DBS says Bukit Sembawang land bank undervalued, initiates with ‘buy’

DBS Group Research has initiated coverage on Bukit Sembawang Estates with “buy”. The research team said the property developer’s large land bank is undervalued and able to last another decade. The land is pegged at “extremely low” historical…

Strong condo sales targeting HDB upgraders will likely sustain momentum: DBS

There may be a broader trend of HDB upgraders recycling their public housing flats into private homes given the robust sales volumes at recent private residential projects, particularly that of Penrose. Such sales volumes continued to be driven…

Broker’s take: DBS says ‘time to relook’ at Singapore office Reits as China tech firms spur demand

DBS Group Research on Wed reiterated its positive stance on Singapore office Reits, citing a potential upcycle in office demand spurred by the expansion plans of Chinese tech giants. In their report, analysts Rachel Tan and Derek Tan…

The iconic Singapore club known as Zouk has reopened its doors in Fortnite

Nightclubs might still be closed due to the ongoing pandemic, but that just means the party’s going online. DBS is teaming up with creative agency TSLA to recreate the legendary Jiak Kim St club in Epic Games’ multiplayer…

DBS floats SORA-pegged business property loan for SMEs

DBS has launched Singapore’s first business property mortgage loan that references SORA. The SORA-pegged Business Property Loan covers all property loan types, DBS said. It is specifically tailored for SMEs looking to finance their commercial and industrial properties.…

Sembcorp bags S$40m DBS loan facility for Tuas floating solar farm

Sembcorp Industries has obtained a S$40 million loan facility from DBS to build a 60 MWp floating solar PV system on Tengeh Reservoir in Tuas. The lender is the sole financier for the project, DBS said on Thurs.…

POSB machine at Tampines Street 32

We thank Mr Liew Kam Wah for his feedback (No POSB machine near home, Aug 18). We are pleased to inform Mr Liew that a POSB ATM at 9 Tampines St 32 in Tampines Mart has been operational…

No POSB machine near home

My wife and I are both senior citizens. We do not use the Internet to access banking services because we are not tech-savvy and also because of our poor eyesight. We have also encountered difficulties on several occasions…

Weak outlook ahead keeps APAC Realty at ‘hold’: DBS

DBS Group Research continues to rate APAC Realty “hold”. This is despite the group recording a 52% y-o-y jump in 1H20 earnings to $7.8 million, with revenue increasing by 6% to $172.8 million, as it generated higher fees…

DBS launches construction industry’s first automated supplier payments solution; Tiong Seng Group first to adapt processes

In a first for the construction sector in Singapore, DBS and fintech company Doxa have introduced the country’s pioneer automated supplier procure-to-pay solution. Named Doxa Connex, the solution aims to help contractors improve cashflow management with their suppliers…

Facilities management sector readies for digital transformation

DBS is helping Singapore’s facilities mgmt sector get ready for the post-Covid-19 digital economy. It announced today the industry’s first digital collection solution for recurring and one-off resident payments, including conservancy fees, facility booking fees and sinking funds.…

DBS banks on urban farming and launches own community farm

DBS plans to transform one of its buildings into a community farm, and give its employees a chance to try urban farming, it said on Wed. Touted to be Singapore’s first community farm on the premises of a…

Earlier-than-expected opening of phase 2 a ‘positive surprise’ for retail REITs, says DBS

The earlier-than-expected reopening of phase 2 that will take place this Fri came as a “positive surprise” for the retail sector, according to DBS analyst Derek Tan and the Singapore research team. In a note dated June 16,…

Industrial REITs operational metrics remain healthy despite circuit breaker

Despite the government’s circuit breaker measures, operational metrics of Singapore industrial REITs have remained healthy with occupancies resilient across major industrial subsectors, revealed DBS Research. “While the Circuit Breaker during Apr-May 2020 has resulted in landlords making provisions…

Broker’s take: DBS upgrades SPH Reit to ‘hold’, sees light at end of tunnel

SPH Reit was upgraded by DBS Group Research yesterday. Analyst Dale Lai raised the trust’s target price and re-rated it from “fully valued” to “hold”. He raised the target price to reflect the resumption of rental collections in…

MinLaw’s proposed bill on rental relief could hurt S-REITs’ cash flow

S-REITs may likely see its cash flow deteriorate in the near term as MinLaw’s upcoming new bill requires landlords to share equally the burden of rental reliefs to qualifying SME tenants, according to an analyst note by DBS…

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